REGISTERED NUMBER: 13426639 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Riclyn Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R M Gough

Mrs C A Gough

REGISTERED OFFICE:

Westend Farm

West End

Marshfield

Chippenham

Wiltshire

SN14 8JH

REGISTERED NUMBER:

13426639 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Investment property

4

1,150,000

1,150,000

CURRENT ASSETS

Debtors

5

2,192

1,876

Cash at bank

19,699

7,788

21,891

9,664

CREDITORS

Amounts falling due within one year

6

9,154

11,604

NET CURRENT ASSETS/(LIABILITIES)

12,737

(1,940

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,162,737

1,148,060

CREDITORS

Amounts falling due after more than one year

7

679,993

680,758

NET ASSETS

482,744

467,302

CAPITAL AND RESERVES

Called up share capital

9

235,203

235,203

Share premium

10

235,103

235,103

Retained earnings

10

12,438

(3,004

)

SHAREHOLDERS' FUNDS

482,744

467,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

Mr R M Gough - Director

1.	STATUTORY INFORMATION

Riclyn Properties 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.

Turnover

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

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 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 NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

1,150,000

NET BOOK VALUE

At 31 May 2025

1,150,000

At 31 May 2024

1,150,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Prepayments

2,192

1,876

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

168

-

Tax

6,671

-

Directors' current accounts

994

10,344

Accrued expenses

1,321

1,260

9,154

11,604

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans more 5 yrs non-inst

679,993

680,758

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

679,993

680,758

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank loans

679,993

680,758

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

94,081

A Ordinary

£1

94,081

94,081

141,122

B Ordinary

£1

141,122

141,122

235,203

235,203

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 June 2024

(3,004

)

235,103

232,099

Profit for the year

31,442

31,442

Dividends

(16,000

)

(16,000

)

At 31 May 2025

12,438

235,103

247,541