REGISTERED NUMBER: 09895771 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Rydoo Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Vanhoonacker

S F Marchon

SECRETARY:

MYUKOFFICE LTD

REGISTERED OFFICE:

8 Northumberland Avenue

London

WC2N 5BY

REGISTERED NUMBER:

09895771 (England and Wales)

AUDITORS:

Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

CURRENT ASSETS

Debtors

5

8,128

8,655

Cash at bank

123,112

32,876

131,240

41,531

CREDITORS

Amounts falling due within one year

6

138,721

43,413

NET CURRENT LIABILITIES

(7,481

)

(1,882

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,481

)

(1,882

)

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

8

(8,481

)

(2,882

)

SHAREHOLDERS' FUNDS

(7,481

)

(1,882

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

S F Marchon - Director

1.	STATUTORY INFORMATION

Rydoo 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.

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.

The company is dependent on the continued financial support of it's parent company Rydoo NV, a company registered in Belgium, who has agreed to provide such support to Rydoo Limited so that the company will be able to meet it's debts as they fall due for the foreseeable future. Accordingly the financial statements have been prepared on the going concern basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	AUDITORS' REMUNERATION

2024

2023

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

880

880

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

8,128

8,655

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,113

6,592

Amounts owed to group undertakings

133,550

34,898

Other creditors

2,058

1,923

138,721

43,413

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.

RESERVES

Retained

earnings

£

At 1 January 2024

(2,882

)

Deficit for the year

(5,599

)

At 31 December 2024

(8,481

)

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Ewart FCA FCCA (Senior Statutory Auditor)

for and on behalf of Try Lunn & Co

10.	RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £2,906 (2023 £2,576) was owed to fellow group company Rydoo Mobility Expense Limited.

£91,015 (2023 £5,128) was owed to fellow group company Resort Bidco Limited.

£39,753 (2023 £27,329) was owed to fellow group company Resort Topco Limited.

11.	ULTIMATE CONTROLLING PARTY

The parent company is Rydoo NV, a company registered in Belgium, who own 100% of the issued share capital.

From 26 September 2024 the ultimate controlling party is Eurazeo, a French private equity firm, following the acquisition of the Rydoo group from Marlin-Rydoo Aggreator LP,a company registered in The Cayman Islands,