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Company Registration No. 08606785 (England and Wales)
Rydam Developments Ltd. Unaudited accounts for the year ended 31 May 2025
Rydam Developments Ltd. Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Rydam Developments Ltd. Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
176,922
85,620
Investment property
5
1,327,753
1,200,000
1,504,675
1,285,620
Current assets
Debtors
6
90,884
96,211
Cash at bank and in hand
37,944
199,183
128,828
295,394
Creditors: amounts falling due within one year
7
(66,058)
(246,511)
Net current assets
62,770
48,883
Total assets less current liabilities
1,567,445
1,334,503
Creditors: amounts falling due after more than one year
8
(200,000)
-
Provisions for liabilities
Deferred tax
(158,061)
(143,520)
Net assets
1,209,384
1,190,983
Capital and reserves
Called up share capital
202
202
Profit and loss account
1,209,182
1,190,781
Shareholders' funds
1,209,384
1,190,983
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2025 and were signed on its behalf by
Mr J Green Director Company Registration No. 08606785
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Rydam Developments Ltd. Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Rydam Developments Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08606785. The registered office is Europa House, John O Gaunts Trading Est, Rothwell, Leeds, West Yorkshire, LS26 0JB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised at the fair value of rents received during the period.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
33% Straight Line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Rydam Developments Ltd. Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
14,959
96,405
2,167
113,531
Additions
-
214,670
-
214,670
Disposals
-
(96,405)
-
(96,405)
At 31 May 2025
14,959
214,670
2,167
231,796
Depreciation
At 1 June 2024
9,832
16,068
2,011
27,911
Charge for the year
769
60,620
52
61,441
On disposals
-
(34,478)
-
(34,478)
At 31 May 2025
10,601
42,210
2,063
54,874
Net book value
At 31 May 2025
4,358
172,460
104
176,922
At 31 May 2024
5,127
80,337
156
85,620
5
Investment property
2025
£
Fair value at 1 June 2024
1,200,000
Additions
127,753
At 31 May 2025
1,327,753
Investment property comprises properties held by the company for rental income purposes. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
10,600
14,133
Accrued income and prepayments
150
-
Other debtors
80,134
82,078
90,884
96,211
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
446
-
Taxes and social security
38,362
23,974
Other creditors
27,250
222,537
66,058
246,511
- 5 -
Rydam Developments Ltd. Notes to the Accounts for the year ended 31 May 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
200,000
-
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
- 6 -