REGISTERED NUMBER: 04475027 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Ryedale Commercial Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H C Richardson

SECRETARY:

Miss J Miller

REGISTERED OFFICE:

Units 2-4

Beansheaf Ind Park Malton Road

Kirby Misperton

Malton

North Yorkshire

YO17 6BG

REGISTERED NUMBER:

04475027 (England and Wales)

ACCOUNTANTS:

Hardcastle France

Chartered Accountants

30 Yorkersgate

Malton

North Yorkshire

YO17 7AW

FIXED ASSETS

Tangible assets

4

2,772,537

2,549,861

CURRENT ASSETS

Debtors

5

30,443

51,342

Cash at bank and in hand

731,887

616,810

762,330

668,152

CREDITORS

Amounts falling due within one year

6

1,044,174

882,610

NET CURRENT LIABILITIES

(281,844

)

(214,458

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,490,693

2,335,403

PROVISIONS FOR LIABILITIES

359,689

285,872

NET ASSETS

2,131,004

2,049,531

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

2,130,904

2,049,431

SHAREHOLDERS' FUNDS

2,131,004

2,049,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2025 and were signed by:

H C Richardson - Director

1.	STATUTORY INFORMATION

Ryedale Commercial Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced rentals charged, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

15% on reducing balance

Land and buildings depreciation has not been provided for as the land and buildings included in tangible fixed assets are investment properties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment properties

Investment properties are properties held to earn rentals and/or capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties are included in the Statement of Income and Retained Earnings in the period in which they arise.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

2,500,000

189,953

2,689,953

Additions

-

54,250

54,250

Disposals

-

(14,750

)

(14,750

)

Revaluations

200,000

-

200,000

At 31 December 2024

2,700,000

229,453

2,929,453

DEPRECIATION

At 1 January 2024

-

140,092

140,092

Charge for year

-

16,824

16,824

At 31 December 2024

-

156,916

156,916

NET BOOK VALUE

At 31 December 2024

2,700,000

72,537

2,772,537

At 31 December 2023

2,500,000

49,861

2,549,861

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2009

350,936

-

350,936

Valuation in 2010

150,000

-

150,000

Valuation in 2016

200,000

-

200,000

Valuation in 2017

216,500

-

216,500

Valuation in 2018

200,000

-

200,000

Valuation in 2020

100,000

-

100,000

Valuation in 2021

100,000

-

100,000

Valuation in 2022

200,000

-

200,000

Valuation in 2023

200,000

-

200,000

Valuation in 2024

200,000

-

200,000

Cost

782,564

229,453

1,012,017

2,700,000

229,453

2,929,453

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

782,564

782,564

Aggregate depreciation

143,343

143,343

Investment property was valued on an open market basis on 31 December 2024 by H C Richardson, director of the company .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

19,731

42,476

Other debtors

10,712

8,866

30,443

51,342

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

34,581

81,655

Taxation and social security

75,879

66,947

Other creditors

933,714

734,008

1,044,174

882,610

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

At 31 December 2024 the company owed £926,722 (2023: £729,266 ) to its director.

The loan account was not overdrawn at any stage throughout the year. Interest has been paid on the balance at a commercial rate.

Dividends paid to the director amounted to £196,000 (2023: £196,000).