Ryde (Leeds) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12946981

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		241,373		286,160

			241,373		286,160
CURRENT ASSETS
Debtors	5	132,110		63,141
Cash at bank and in hand		17,044		6,052

		149,154		69,193
Creditors: Amounts Falling Due Within One Year	6	(57,473 )		(37,494 )

NET CURRENT ASSETS (LIABILITIES)			91,681		31,699

TOTAL ASSETS LESS CURRENT LIABILITIES			333,054		317,859

Creditors: Amounts Falling Due After More Than One Year	7		(2,300 )		-

NET ASSETS			330,754		317,859

CAPITAL AND RESERVES
Called up share capital	9		230		230
Share premium account			429,771		429,771
Profit and Loss Account			(99,247 )		(112,142 )

SHAREHOLDERS' FUNDS			330,754		317,859

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Ryde (Leeds) Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Kyle Harris

Director

08/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Ryde (Leeds) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12946981 . The registered office is Ryde Studios Protection House, 16-17 East Parade, Leeds, LS1 2BH.

Please note the comparative period to this financial year is for the period 16 November 2022 - 31 December 2023 therefore more than 12 months.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10 years straight line
Fixtures & Fittings	20% Straight Line
Computer Equipment	25% Straight Line

2.5. Taxation

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 7)

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Ryde (Leeds) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	274,333	103,929	6,300	384,562
Additions	1,000	3,091	1,582	5,673

As at 31 December 2024	275,333	107,020	7,882	390,235

Depreciation
As at 1 January 2024	49,012	47,261	2,129	98,402
Provided during the period	27,500	21,253	1,707	50,460

As at 31 December 2024	76,512	68,514	3,836	148,862

Net Book Value
As at 31 December 2024	198,821	38,506	4,046	241,373

As at 1 January 2024	225,321	56,668	4,171	286,160

5. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	325	600
Prepayments and accrued income	9,904	9,072
Deferred tax current asset	20,969	20,969
Amounts owed by group undertakings	111,723	32,500

	142,921	63,141
Due after more than one year
Deferred tax current asset	(10,811 )	-

	132,110	63,141

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	442	167
Other taxes and social security	1,755	1,506
VAT	16,236	8,813
Other creditors	859	-
Deferred Income	31,022	22,840
Accruals	6,392	4,121
Director's loan account	47	47
Amounts owed to group undertakings	720	-

	57,473	37,494

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Ryde (Leeds) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Directors loan account	2,300	-

8. Deferred Taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in

an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax assets and liabilities are not discounted.

9. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	230	230

22,960 Ordinary Shares of £0.01 each

10. Other Commitments

As at 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:

	31 December 2024	31 December 2023
	£	£
Not later than one year	75,000	57,014
Later than one year and not later than five years	317,740	305,288
Later than five years	196,164	283,616

	588,904	645,918

11. Related Party Transactions

Ryde Studios:

The company is a 100% owned subsidary of Ryde Studios Ltd. At the balance sheet date the amount due from Ryde Studios Ltd was £111,723 (2023: £32,500)

12. Ultimate Controlling Party

The company's ultimate controlling party is Ryde Studios Ltd (14487196) by virtue of his ownership of 100% of the issued share capital in the company.

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