Ryde Studios Ltd

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

Registered number: 14487196

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		230		230

			230		230
CURRENT ASSETS
Debtors	5	832,115		594,130
Cash at bank and in hand		3,411		56,834

		835,526		650,964
Creditors: Amounts Falling Due Within One Year	6	(217,278 )		(33,778 )

NET CURRENT ASSETS (LIABILITIES)			618,248		617,186

TOTAL ASSETS LESS CURRENT LIABILITIES			618,478		617,416

Creditors: Amounts Falling Due After More Than One Year	7		(4,642 )		-

NET ASSETS			613,836		617,416

CAPITAL AND RESERVES
Called up share capital	8		306		306
Share premium account			662,424		662,424
Profit and Loss Account			(48,894 )		(45,314 )

SHAREHOLDERS' FUNDS			613,836		617,416

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Ryde Studios Ltd

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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Studios Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14487196 . The registered office is Protection House, 16a 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. Investments

Investments in shares are included at fair value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Investments

	Subsidiaries
	£
Cost
As at 1 January 2024	230

As at 31 December 2024	230

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	230

As at 1 January 2024	230

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Ryde Studios Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as

follows:

Ryde (Leeds) Limited, a company registered in England & Wales.

The registered office of the above entity is Ryde Studios Protection House, 16-17 East Parade, Leeds, England, LS1 2BH.

100% of the voting rights and shares are held.

The principal activity of Ryde (Leeds) Limited is fitness facilities.

Ryde (Manchester) Limited, a company registered in England & Wales.

The registered office of the above entity is Protection House, 16a East Parade, Leeds, England, LS1 2BH.

100% of the voting rights and shares are held.

The principal activity of Ryde (Manchester) Limited is fitness facilities.

Ryde Retreats Limited (Dissolved 25 March 2025), a company registered in England & Wales.

The registered office of the above entity is 16a East Parade, Leeds, West Yorkshire, United Kingdom, LS1 2BH.

100% of the voting rights and shares are held.

The principal activity of Ryde Retreats Limited is fitness facilities.

5. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Other debtors	-	28,199
VAT	673	1,317
Amounts owed by group undertakings	831,442	564,614

	832,115	594,130

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	4,111	-
Other loans	100,000	-
Other taxes and social security	38	1,278
Other creditors	73	-
Accruals and deferred income	1,333	-
Amounts owed to group undertakings	111,723	32,500

	217,278	33,778

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

	31 December 2024	31 December 2023
	£	£
Other loans	4,642	-

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Ryde Studios Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	306	306

Allotted, called up and fully paid:

305,655 Ordinary shares of £0.001 each

9. Related Party Transactions

Included in other loans is a loan made to Ryde Studios from a shareholder and Director of the company.

This loan is repayable in instalments from June 2025 to December 2025.

Interest is accrued at the rate of 10% p.a and due to be paid January 2026.

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