REGISTERED NUMBER: 06851360 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Rybarn Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms A L Samuels

REGISTERED OFFICE:

9 St George's Yard

Farnham

Surrey

GU9 7LW

REGISTERED NUMBER:

06851360 (England and Wales)

ACCOUNTANTS:

Blackwood Futcher & Co.

Chartered Accountants

9 St George's Yard

Farnham

Surrey

GU9 7LW

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

1,625,000

2,085,000

1,625,000

2,085,000

CURRENT ASSETS

Debtors

6

226,951

28,169

Cash at bank

677

1,100

227,628

29,269

CREDITORS

Amounts falling due within one year

7

4,741

53,485

NET CURRENT ASSETS/(LIABILITIES)

222,887

(24,216

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,847,887

2,060,784

CREDITORS

Amounts falling due after more than one year

8

(836,283

)

(988,591

)

PROVISIONS FOR LIABILITIES

(139,542

)

(146,030

)

NET ASSETS

872,062

926,163

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Non distributable reserves

612,047

665,439

Retained earnings

256,015

256,724

872,062

926,163

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 director acknowledges her 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 1 October 2025 and were signed by:

Ms A L Samuels - Director

1.	STATUTORY INFORMATION

Rybarn 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.

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 is measured at the fair value of the consideration received or receivable of the company property

letting activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

565

DEPRECIATION

At 1 March 2024

and 28 February 2025

565

NET BOOK VALUE

At 28 February 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

2,085,000

Disposals

(500,000

)

Revaluations

40,000

At 28 February 2025

1,625,000

NET BOOK VALUE

At 28 February 2025

1,625,000

At 29 February 2024

2,085,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2016

561,590

Valuation in 2017

19,012

Valuation in 2018

115,000

Valuation in 2019

40,000

Valuation in 2020

55,000

Valuation in 2021

85,000

Valuation in 2022

120,000

Valuation in 2023

(110,000

)

Valuation in 2024

(74,133

)

Valuation in 2025

(59,880

)

Cost

873,411

1,625,000

The investment properties were last valued by the director on an open market basis at 28 February 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other debtors

226,951

28,169

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

-

702

Taxation and social security

942

29,432

Other creditors

3,799

23,351

4,741

53,485

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

836,283

836,283

Other creditors

-

152,308

836,283

988,591

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

836,283

836,283

9.	SECURED DEBTS

The two Landbay Partners Limited loans are secured against 5 Stoke Mill Close, Guildford, Surrey, GU1 1QZ and 43 Henderson Avenue, Guildford, Surrey, GU2 9LP.

The West One Secured Loans Limited loan is secured against 48 Falcon Road, Guildford, Surrey, GU1 4JD.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

£

Ms A L Samuels

Balance outstanding at start of year

(152,308

)

(175,978

)

Amounts advanced

772,423

79,024

Amounts repaid

(620,115

)

(55,354

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(152,308

)

No interest was paid on the above loan during the year.

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed an amount of £200,090 (2024 - creditor £17,790) from Bournewood Property Limited, a company in which a director holds a material interest.