REGISTERED NUMBER: 09980587 (England and Wales)

RHYDANS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

R L Davies

Miss L Neal

SECRETARY:

Miss L Neal

REGISTERED OFFICE:

5 Bank Hill View

Little Harrowden

Wellingborough

Northamptonshire

NN9 5AR

REGISTERED NUMBER:

09980587 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Investment property

4

1,563,789

2,905,145

CURRENT ASSETS

Cash at bank

2,117

991

CREDITORS

Amounts falling due within one year

5

242,959

742,720

NET CURRENT LIABILITIES

(240,842

)

(741,729

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,322,947

2,163,416

CREDITORS

Amounts falling due after more than one year

6

(1,115,952

)

(2,073,412

)

PROVISIONS FOR LIABILITIES

(8,450

)

(9,962

)

NET ASSETS

198,545

80,042

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

36,026

42,468

Retained earnings

162,419

37,474

SHAREHOLDERS' FUNDS

198,545

80,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

R L Davies - Director

1.	STATUTORY INFORMATION

Rhydans 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

Turnover represents rental income received from the letting of residential properties.

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

2,905,145

Disposals

(1,341,356

)

At 28 February 2025

1,563,789

NET BOOK VALUE

At 28 February 2025

1,563,789

At 29 February 2024

2,905,145

Fair value at 28 February 2025 is represented by:

£

Valuation in 2020

44,476

Cost

1,519,313

1,563,789

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

22,806

-

Other creditors

220,153

742,720

242,959

742,720

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,115,952

2,073,412

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,115,952

2,073,412

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,115,952

2,073,412

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Fair

value

reserve

£

At 1 March 2024

42,468

Fair value revaluation

(6,442

)

At 28 February 2025

36,026