REGISTERED NUMBER: 11725725 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 December 2024

for

Rylets Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R A Price

REGISTERED OFFICE:

54a Church Road

Ashford

Middlesex

TW15 2TS

REGISTERED NUMBER:

11725725 (England and Wales)

ACCOUNTANTS:

Ashwells Associates Limited

Chartered Certified Accountants

54a Church Road

Ashford

Middlesex

TW15 2TS

FIXED ASSETS

Investment property

4

1,348,000

1,348,000

CURRENT ASSETS

Debtors

5

-

140

Cash at bank and in hand

44,641

19,688

44,641

19,828

CREDITORS

Amounts falling due within one year

6

37,971

43,546

NET CURRENT ASSETS/(LIABILITIES)

6,670

(23,718

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,354,670

1,324,282

CREDITORS

Amounts falling due after more than one year

7

(1,196,906

)

(1,196,906

)

PROVISIONS FOR LIABILITIES

(31,876

)

(31,876

)

NET ASSETS

125,888

95,500

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

135,890

135,890

Retained earnings

(10,102

)

(40,490

)

125,888

95,500

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

Mr R A Price - Director

1.	STATUTORY INFORMATION

Rylets 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.

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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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 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 NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,348,000

NET BOOK VALUE

At 31 December 2024

1,348,000

At 31 December 2023

1,348,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

1,278,375

Valuation in 2023

69,625

1,348,000

Fixed assets, included in the above, which are held under finance leases are as follows:

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

159,000

NET BOOK VALUE

At 31 December 2024

159,000

At 31 December 2023

159,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

-

140

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other creditors

37,971

43,546

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

856,906

856,906

Other creditors

340,000

340,000

1,196,906

1,196,906

31/12/24

31/12/23

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

340,000

340,000

Repayable by instalments

Bank loans more 5 yr by instal

856,906

856,906

8.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

135,890

9.	RELATED PARTY DISCLOSURES

In other creditors £320,400 includes BodyBronze London ltd £132,000 (2023: £132,000), Surrey Heating Specialist Ltd £87,400 (2023- £107,000), Surrey Heating Service plan £101,000 (2023: £101,000). They are related by virtue of common control.