REGISTERED NUMBER: 09445039 (England and Wales)

Financial Statements

for the Period

31 March 2023 to 29 March 2024

for

Ryder Commercial Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A Wilton

REGISTERED OFFICE:

Unit 4

The Technology Centre

London Road

Swanley

Kent

BR8 7AG

REGISTERED NUMBER:

09445039 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Property, plant and equipment

4

1,808

2,796

Investment property

5

396,250

792,500

398,058

795,296

CURRENT ASSETS

Debtors

6

20,639

10,019

Cash at bank

14,966

3,623

35,605

13,642

CREDITORS

Amounts falling due within one year

7

154,913

436,345

NET CURRENT LIABILITIES

(119,308

)

(422,703

)

TOTAL ASSETS LESS CURRENT LIABILITIES

278,750

372,593

CREDITORS

Amounts falling due after more than one year

8

(160,191

)

(242,191

)

PROVISIONS FOR LIABILITIES

(18,706

)

(19,148

)

NET ASSETS

99,853

111,254

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10

99,753

111,154

SHAREHOLDERS' FUNDS

99,853

111,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 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 26 September 2025 and were signed by:

A Wilton - Director

1.	STATUTORY INFORMATION

Ryder Commercial Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Investment property

The investment property is revalued annually and the aggregate surplus or deficit arising from changes in market value is transferred to retained earnings. Depreciation is not provided in respect of the investment property. This is a departure from the Companies Act which requires all properties to be depreciated. The property is not held for consumption but for investment and the directors consider that to depreciate them would not give a true and fair view.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 31 March 2023

and 29 March 2024

13,179

2,058

15,237

DEPRECIATION

At 31 March 2023

11,283

1,158

12,441

Charge for period

474

514

988

At 29 March 2024

11,757

1,672

13,429

NET BOOK VALUE

At 29 March 2024

1,422

386

1,808

At 30 March 2023

1,896

900

2,796

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2023

792,500

Disposals-Investment property

(396,250

)

At 29 March 2024

396,250

NET BOOK VALUE

At 29 March 2024

396,250

At 30 March 2023

792,500

Fair value at 29 March 2024 is represented by:

£

Valuation in 2021

253,534

Valuation in 2022

(107,500

)

Valuation in 2024

(73,017

)

Cost

323,233

396,250

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

2024

2023

£

£

Cost

323,233

900,000

The investment property was valued on an open market basis on 30 March 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

14,556

3,648

Tax

2,404

2,404

Value added tax

1,824

136

Prepayments & accrued income

1,855

3,831

20,639

10,019

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

314,495

Trade creditors

17,053

15,847

Tax

26,223

19,367

Other creditors

17,660

85

Directors' loan accounts

34,289

36,970

Accruals & deferred income

59,688

49,581

154,913

436,345

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Director's loan account

160,191

242,191

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

-

314,495

Interbay Funding Limited held a fixed and floating charges over Unit 4 Technology Centre and all of the assets of the company.This loan was repaid in the year when half of the property was sold and there is no longer a fixed and floating charge over Unit 4 Technology Centre and all of the assets of the company.

10.

RESERVES

The retained earnings of £109,027 (2023: £111,154) comprise of distributable reserves of £54,716 (2023: £(15,732) and non-distributable reserves of £54,311 (2023: £126,886) which relate to property revaluations less related deferred tax provision.