Registration number: 02569381

Ryall House Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 10

Ryall House Ltd

Company Information

Director

Mr M P Evans

Company secretary

Mrs S P Evans

Registered office

Welland Court Welland Court Lane Upton upon Severn Worcs WR8 0ST

Accountants

Devereux & Hunt Ltd Certified Accountants51 Basepoint Business Centre Oakfield Close Tewkesbury Glos GL20 8SD

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ryall House Ltd
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ryall House Ltd for the year ended 31 December 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Ryall House Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ryall House Ltd and state those matters that we have agreed to state to the Board of Directors of Ryall House Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ryall House Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ryall House Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ryall House Ltd. You consider that Ryall House Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ryall House Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Devereux & Hunt Ltd
Certified Accountants
51 Basepoint Business Centre
Oakfield Close
Tewkesbury
Glos
GL20 8SD

28 September 2025

Ryall House Ltd

(Registration number: 02569381)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	1,115,000	1,115,000
Tangible assets	5	2,424,279	2,504,821
Investment property	6	768,336	768,336
Other financial assets		3,076	3,076
		4,310,691	4,391,233
Current assets
Stocks	7	87,899	129,860
Debtors	8	469,126	431,494
Cash at bank and in hand		262,498	367,546
		819,523	928,900
Creditors: Amounts falling due within one year	9	(177,023)	(171,910)
Net current assets		642,500	756,990
Total assets less current liabilities		4,953,191	5,148,223
Creditors: Amounts falling due after more than one year	9	(358,549)	(655,424)
Provisions for liabilities		(60,485)	(73,436)
Net assets		4,534,157	4,419,363
Capital and reserves
Called up share capital	10	300	300
Share premium reserve		568,389	568,389
Capital redemption reserve		30,700	30,700
Retained earnings		3,934,768	3,819,974
Shareholders' funds		4,534,157	4,419,363

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 September 2025
 

Ryall House Ltd

(Registration number: 02569381)
Balance Sheet as at 31 December 2024

......................................... Mr M P Evans Director

Ryall House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Welland Court
Welland Court Lane
Upton upon Severn
Worcs
WR8 0ST

These financial statements were authorised for issue by the director on 28 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Ryall House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	20 years straight line
Plant and machinery	20% reducing balance
Motor vehicles	20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors or external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Ryall House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

Ryall House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	1,115,000	1,115,000
At 31 December 2024	1,115,000	1,115,000
Amortisation
Carrying amount
At 31 December 2024	1,115,000	1,115,000
At 31 December 2023	1,115,000	1,115,000

5	Tangible assets

	Land and buildings £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	2,547,573	19,362	661,595	3,228,530
Additions	5,250	5,000	4,540	14,790
Disposals	(18,846)	-	-	(18,846)
At 31 December 2024	2,533,977	24,362	666,135	3,224,474
Depreciation
At 1 January 2024	352,523	11,034	360,152	723,709
Charge for the year	13,888	1,999	60,599	76,486
At 31 December 2024	366,411	13,033	420,751	800,195
Carrying amount
At 31 December 2024	2,167,566	11,329	245,384	2,424,279
At 31 December 2023	2,195,050	8,328	301,443	2,504,821

Included within the net book value of land and buildings above is £2,167,566 (2023 - £2,195,050) in respect of freehold land and buildings.
 

Ryall House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6	Investment properties

	2024 £
At 1 January	768,336
At 31 December	768,336

The investment properties have been assessed by the director who believes that their fair value has not changed significantly from cost.

There has been no valuation of investment property by an independent valuer.

7

Stocks

	2024 £	2023 £
Other inventories	87,899	129,860

8

Debtors

Current	2024 £	2023 £
Trade debtors	130,636	13,860
Prepayments	94,357	147,120
Other debtors	244,133	270,514
	469,126	431,494

Ryall House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	33,105	21,277
Taxation and social security	64,438	89,378
Accruals and deferred income	70,782	52,557
Other creditors	8,698	8,698
	177,023	171,910

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Due after one year
Loans and borrowings	358,549	655,424

10	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	300	300	300	300

11	Related party transactions

During the year, there were no net movements to the directors' loan accounts. The balance at 31 December 2024 was £244,135 overdrawn (31 December 2023 - £244,135 overdrawn) and interest was charged.