REGISTERED NUMBER: 07106610 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RYEDALE ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Rhodes

S D Rhodes

L Rhodes

SECRETARY:

Endeavour Secretary Limited

REGISTERED OFFICE:

First Floor

Unit 4

Broadfield Court

Sheffield

South Yorkshire

S8 0XF

REGISTERED NUMBER:

07106610 (England and Wales)

ACCOUNTANTS:

Marriott Gibbs Rees Wallis Limited

Chartered Certified Accountants

First Floor

Unit 4, Broadfield Court

Sheffield

South Yorkshire

S8 0XF

FIXED ASSETS

Tangible assets

4

2,623

109,359

Investment property

5

4,500,000

4,812,000

4,502,623

4,921,359

CURRENT ASSETS

Stocks

3,026,476

6,541,635

Debtors

6

363,255

524,445

Cash at bank and in hand

7,613,853

788,087

11,003,584

7,854,167

CREDITORS

Amounts falling due within one year

7

1,355,070

1,274,744

NET CURRENT ASSETS

9,648,514

6,579,423

TOTAL ASSETS LESS CURRENT LIABILITIES

14,151,137

11,500,782

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

119,199

136,899

Retained earnings

8

14,031,838

11,363,783

14,151,137

11,500,782

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

D Rhodes - Director

1.	STATUTORY INFORMATION

Ryedale Estates 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.

Significant judgements and estimates

The director has made key assumptions in the determination of the fair value of investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset. The valuation of the property at the reporting date is stated in the notes to the accounts

Turnover

Turnover consists of rental income receivable on property investments, and in respect of the sale of property developments, exclusive of VAT.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is shown at fair value at each reporting date with changes in fair value recognised in profit or loss.

Work in progress

Stocks comprise of property developments in progress and completed property developments held for sale. These are stated at cost less, if appropriate, foreseeable losses. No account has been taken in the financial statements of the potential additional investment values of the projects when completed.

Rental income and lease premiums receivable attributable to completed properties held for sale are credited to the profit and loss account in the period in which they arise.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 January 2024

157,085

8,454

165,539

Additions

-

794

794

Disposals

(156,853

)

-

(156,853

)

At 31 December 2024

232

9,248

9,480

Depreciation

At 1 January 2024

51,575

4,605

56,180

Charge for year

18,378

2,118

20,496

Eliminated on disposal

(69,819

)

-

(69,819

)

At 31 December 2024

134

6,723

6,857

Net book value

At 31 December 2024

98

2,525

2,623

At 31 December 2023

105,510

3,849

109,359

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 January 2024

4,812,000

Disposals

(363,677

)

Revaluations

51,677

At 31 December 2024

4,500,000

Net book value

At 31 December 2024

4,500,000

At 31 December 2023

4,812,000

The investment property class of fixed assets was revalued on 31 December 2024 by D Rhodes, a professionally qualified valuer, who is internal to the company. The basis of this valuation was on an open market basis. This class of assets has a current value of £4,500,000 (2023 - £4,812,000) and a carrying amount at historical cost of £4,439,678 (2023 - £4,710,060). The depreciation on historical cost is £nil (2023 - £nil).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

63,052

135,699

Other debtors

300,203

388,746

363,255

524,445

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

213,407

133,236

Taxation and social security

1,110,696

583,935

Other creditors

30,967

557,573

1,355,070

1,274,744

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

11,363,783

136,899

11,500,682

Profit for the year

2,650,355

2,650,355

Reserve transfer - revaluation

17,700

(17,700

)

-

At 31 December 2024

14,031,838

119,199

14,151,037

9.	RELATED PARTY DISCLOSURES

The directors and other family members have provided unsecured interest free loans to the company. At the balance sheet date they were owed £Nil (2023 - £512,399) .