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REGISTERED NUMBER: 08487265 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS

| FOR THE YEAR ENDED 30 APRIL 2025

| FOR

| RYDAN DESIGN LIMITED

RYDAN DESIGN LIMITED (REGISTERED NUMBER: 08487265)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

RYDAN DESIGN LIMITED

COMPANY INFORMATION

for the Year Ended 30 April 2025

| DIRECTOR: | Mrs T Redford

| SECRETARY: | Mrs T Redford

| REGISTERED OFFICE: | Unit 10

| The Shine Knowledge and Innovation Park

| St. Marks Street

| Hull

| HU8 7FB

| REGISTERED NUMBER: | 08487265 (England and Wales)

| ACCOUNTANTS: | Sowerby

| Chartered Accountants

| Beckside Court

| Annie Reed Road

| Beverley

| East Yorkshire

| HU17 0LF

RYDAN DESIGN LIMITED (REGISTERED NUMBER: 08487265)

BALANCE SHEET

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 23,501 |  | 26,123 |  |

CURRENT ASSETS

Stocks | 101,550 |  | 51,379 |  |

Debtors | 5 | 109,024 |  | 67,079 |  |

210,574 |  | 118,458 |  |

CREDITORS

Amounts falling due within one year | 6 | 230,814 |  | 170,438 |  |

NET CURRENT LIABILITIES | (20,240 | ) | (51,980 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,261 |  | (25,857 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | 14,572 |  | 33,755 |  |

NET LIABILITIES | (11,311 | ) | (59,612 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (11,312 | ) | (59,613 | ) |

SHAREHOLDERS' FUNDS | (11,311 | ) | (59,612 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

RYDAN DESIGN LIMITED (REGISTERED NUMBER: 08487265)

BALANCE SHEET - continued

30 April 2025

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 7 April 2026 and were signed by:

Mrs T Redford - Director

RYDAN DESIGN LIMITED (REGISTERED NUMBER: 08487265)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| Rydan Design Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principle place of business is at Unit 10, The Shine Knowledge and Innovation Centre, St. Marks Street, Hull, HU8 7FB.

| The principal activity of the company is that of a specialist designer and furniture retailer.

| 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.

| Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

| The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

| Turnover

| Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

| Turnover from the sale of goods is recognised at the point of sale.

| Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 33.3% on cost, 20% on cost and 20% on reducing balance

| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

RYDAN DESIGN LIMITED (REGISTERED NUMBER: 08487265)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Income tax expense represents the sum of the tax currently payable and deferred tax.

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

| Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

| Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 4 ) .

RYDAN DESIGN LIMITED (REGISTERED NUMBER: 08487265)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 May 2024 | 68,068 |  |

| Additions | 3,896 |  |

| At 30 April 2025 | 71,964 |  |

| DEPRECIATION

| At 1 May 2024 | 41,945 |  |

| Charge for year | 6,518 |  |

| At 30 April 2025 | 48,463 |  |

| NET BOOK VALUE

| At 30 April 2025 | 23,501 |  |

| At 30 April 2024 | 26,123 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 34,995 |  |

| DEPRECIATION

| At 1 May 2024 | 11,797 |  |

| Charge for year | 4,639 |  |

| At 30 April 2025 | 16,436 |  |

| NET BOOK VALUE

| At 30 April 2025 | 18,559 |  |

| At 30 April 2024 | 23,198 |  |

RYDAN DESIGN LIMITED (REGISTERED NUMBER: 08487265)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 85,211 |  | 45,271 |  |

| Other debtors | 23,813 |  | 21,808 |  |

109,024 |  | 67,079 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 8) | 37,947 |  | 38,822 |  |

| Hire purchase contracts (see note 9) | 13,088 |  | 7,250 |  |

| Trade creditors | 105,647 |  | 75,790 |  |

| Taxation and social security | 13,752 |  | 17,230 |  |

| Other creditors | 60,380 |  | 31,346 |  |

230,814 |  | 170,438 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans (see note 8) | 14,572 |  | 20,667 |  |

| Hire purchase contracts (see note 9) | - |  | 13,088 |  |

14,572 |  | 33,755 |  |

8. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 18,888 |  | 28,688 |  |

| Bank loans | 19,059 |  | 10,134 |  |

37,947 |  | 38,822 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 9,962 |  | 10,099 |  |

RYDAN DESIGN LIMITED (REGISTERED NUMBER: 08487265)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2025

8. | LOANS - continued

2025 | 2024 |

£ | £ |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 4,610 |  | 10,568 |  |

| The company took advantage of the government Bounce Bank Loan scheme and received £50,000 during the 2021 financial year.

| The loan is interest and repayment free for the first 12 months, thereafter it is repayable by monthly instalments over a period of 5 years. The loan carries interest at the rate of 2.5%.

9. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 13,088 |  | 7,250 |  |

| Between one and five years | - |  | 13,088 |  |

13,088 |  | 20,338 |  |

10. | RELATED PARTY DISCLOSURES

| At the balance sheet date, included within other creditors, the company owed the Director £Nil (2024: £1,893).Included in other debtors, the Director owed the company £9,657 (2024- £Nil).

| The loans are interest free and repayable on demand.

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mrs T Redford.

12. | GOING CONCERN

| The company had net current liabilities at the year end amounting to £20,240, however the company has support from its financiers together with directors' support. The director is therefore confident the company can continue to trade for the foreseeable future and is therefore a going concern.