IRIS Accounts Production v26.1.10.61 06517518 Board of Directors Board of Directors Board of Directors Board of Directors 1.4.24 30.3.25 30.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06517518 2024-03-31 06517518 2025-03-30 06517518 2024-04-01 2025-03-30 06517518 2023-03-31 06517518 2023-04-01 2024-03-31 06517518 2024-03-31 06517518 ns15:EnglandWales 2024-04-01 2025-03-30 06517518 ns14:PoundSterling 2024-04-01 2025-03-30 06517518 ns10:Director1 2024-04-01 2025-03-30 06517518 ns10:Director2 2024-04-01 2025-03-30 06517518 ns10:Director3 2024-04-01 2025-03-30 06517518 ns10:Director4 2024-04-01 2025-03-30 06517518 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-30 06517518 ns10:SmallEntities 2024-04-01 2025-03-30 06517518 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-30 06517518 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-30 06517518 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-30 06517518 ns10:FullAccounts 2024-04-01 2025-03-30 06517518 ns10:CompanySecretary1 2024-04-01 2025-03-30 06517518 ns10:RegisteredOffice 2024-04-01 2025-03-30 06517518 ns5:CurrentFinancialInstruments 2025-03-30 06517518 ns5:CurrentFinancialInstruments 2024-03-31 06517518 ns5:Non-currentFinancialInstruments 2025-03-30 06517518 ns5:Non-currentFinancialInstruments 2024-03-31 06517518 ns5:ShareCapital 2025-03-30 06517518 ns5:ShareCapital 2024-03-31 06517518 ns5:RetainedEarningsAccumulatedLosses 2025-03-30 06517518 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 06517518 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-04-01 2025-03-30 06517518 ns5:LeaseholdImprovements 2024-04-01 2025-03-30 06517518 ns5:PlantMachinery 2024-04-01 2025-03-30 06517518 ns5:FurnitureFittings 2024-04-01 2025-03-30 06517518 ns5:MotorVehicles 2024-04-01 2025-03-30 06517518 ns5:ComputerEquipment 2024-04-01 2025-03-30 06517518 ns5:LandBuildings 2024-03-31 06517518 ns5:LeaseholdImprovements 2024-03-31 06517518 ns5:PlantMachinery 2024-03-31 06517518 ns5:LandBuildings 2024-04-01 2025-03-30 06517518 ns5:LandBuildings 2025-03-30 06517518 ns5:LeaseholdImprovements 2025-03-30 06517518 ns5:PlantMachinery 2025-03-30 06517518 ns5:LandBuildings 2024-03-31 06517518 ns5:LeaseholdImprovements 2024-03-31 06517518 ns5:PlantMachinery 2024-03-31 06517518 ns5:FurnitureFittings 2024-03-31 06517518 ns5:MotorVehicles 2024-03-31 06517518 ns5:ComputerEquipment 2024-03-31 06517518 ns5:FurnitureFittings 2025-03-30 06517518 ns5:MotorVehicles 2025-03-30 06517518 ns5:ComputerEquipment 2025-03-30 06517518 ns5:FurnitureFittings 2024-03-31 06517518 ns5:MotorVehicles 2024-03-31 06517518 ns5:ComputerEquipment 2024-03-31 06517518 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-30 06517518 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 06517518 ns5:Secured 2025-03-30 06517518 ns5:Secured 2024-03-31

REGISTERED NUMBER: 06517518 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 30 March 2025

for

Ryecorn Ltd

Ryecorn Ltd (Registered number: 06517518)

Contents of the Financial Statements

for the Period 1 April 2024 to 30 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Ryecorn Ltd

Company Information

for the Period 1 April 2024 to 30 March 2025

| DIRECTORS: | Mr S J Mawson

| Mr K M Mawson

| Mrs K M Mawson

| Mr R M Mawson

| SECRETARY: | Mrs K M Mawson

| REGISTERED OFFICE: | Bailey Ground Hotel

| Drigg Road

| Seascale

| United Kingdom

| CA20 1NP

| REGISTERED NUMBER: | 06517518 (England and Wales)

| ACCOUNTANTS: | Benson Accountants

| Wiza House

| Station Road

| Wigton

| Cumbria

| CA7 9BA

Ryecorn Ltd (Registered number: 06517518)

Balance Sheet

30 March 2025

| 30/3/25 | 31/3/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,332,110 |  | 2,409,211 |  |

CURRENT ASSETS

Stocks | 5 | 22,221 |  | 39,911 |  |

Debtors | 6 | 176,837 |  | 116,673 |  |

Cash at bank and in hand | 318,439 |  | 226,704 |  |

517,497 |  | 383,288 |  |

CREDITORS

Amounts falling due within one year | 7 | 417,048 |  | 422,244 |  |

NET CURRENT ASSETS/(LIABILITIES) | 100,449 |  | (38,956 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,432,559 |  | 2,370,255 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,494,571 | ) | (1,525,817 | ) |

PROVISIONS FOR LIABILITIES | (56,860 | ) | (52,883 | ) |

NET ASSETS | 881,128 |  | 791,555 |  |

CAPITAL AND RESERVES

Called up share capital | 104 |  | 104 |  |

Retained earnings | 881,024 |  | 791,451 |  |

881,128 |  | 791,555 |  |

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

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

Ryecorn Ltd (Registered number: 06517518)

Balance Sheet - continued

30 March 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 Board of Directors and authorised for issue on 21 July 2026 and were signed on its behalf by:

Mr R M Mawson - Director | Mr S J Mawson - Director

Mr K M Mawson - Director | Mrs K M Mawson - Director

Ryecorn Ltd (Registered number: 06517518)

Notes to the Financial Statements

for the Period 1 April 2024 to 30 March 2025

1. | STATUTORY INFORMATION

| Ryecorn Ltd 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Improvements to property | - | 10% on cost

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the period 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 period 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.

| 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.

Ryecorn Ltd (Registered number: 06517518)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 30 March 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 60 (2024 - 62 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 April 2024 | 2,311,092 |  | 164,546 |  | 177,934 |  |

| Additions | - |  | - |  | 10,648 |  |

| At 30 March 2025 | 2,311,092 |  | 164,546 |  | 188,582 |  |

| DEPRECIATION

| At 1 April 2024 | 180,213 |  | 121,332 |  | 101,683 |  |

| Charge for period | 46,096 |  | 13,156 |  | 17,332 |  |

| At 30 March 2025 | 226,309 |  | 134,488 |  | 119,015 |  |

| NET BOOK VALUE

| At 30 March 2025 | 2,084,783 |  | 30,058 |  | 69,567 |  |

| At 31 March 2024 | 2,130,879 |  | 43,214 |  | 76,251 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 463,176 |  | 43,252 |  | 44,800 |  | 3,204,800 |  |

| Additions | 24,143 |  | 2,875 |  | 277 |  | 37,943 |  |

| At 30 March 2025 | 487,319 |  | 46,127 |  | 45,077 |  | 3,242,743 |  |

| DEPRECIATION

| At 1 April 2024 | 327,819 |  | 29,720 |  | 34,822 |  | 795,589 |  |

| Charge for period | 31,812 |  | 4,091 |  | 2,557 |  | 115,044 |  |

| At 30 March 2025 | 359,631 |  | 33,811 |  | 37,379 |  | 910,633 |  |

| NET BOOK VALUE

| At 30 March 2025 | 127,688 |  | 12,316 |  | 7,698 |  | 2,332,110 |  |

| At 31 March 2024 | 135,357 |  | 13,532 |  | 9,978 |  | 2,409,211 |  |

5. | STOCKS

| 30/3/25 |  | 31/3/24

£ | £ |

| Valuation | 22,221 |  | 39,911 |  |

Ryecorn Ltd (Registered number: 06517518)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 30 March 2025

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

| 30/3/25 |  | 31/3/24

£ | £ |

| Trade debtors | 104,829 |  | 83,669 |  |

| Other debtors | 72,008 |  | 33,004 |  |

176,837 |  | 116,673 |  |

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

| 30/3/25 |  | 31/3/24

£ | £ |

| Bank loans and overdrafts | 48,056 |  | 64,867 |  |

| Trade creditors | 208,527 |  | 184,196 |  |

| Taxation and social security | 94,265 |  | 132,345 |  |

| Other creditors | 66,200 |  | 40,836 |  |

417,048 |  | 422,244 |  |

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

| 30/3/25 |  | 31/3/24

£ | £ |

| Bank loans | 1,494,571 |  | 1,525,817 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30/3/25 |  | 31/3/24

£ | £ |

| Bank loans | 1,542,627 |  | 1,590,684 |  |

| There are legal charges held by Atom Bank PLC over the properties known as The Bailey Ground Lodge (formerly Inzievar), Keld Green and Lion and Lamb, dated 2 June 2021.

10. | RELATED PARTY DISCLOSURES

| During the year the directors help a loan account with the business. At the balance sheet date the directors owed the company £12,357 (2024: The company owed the directors £33,926). During the year advances of £142,488 and repayments of £96,205 were made by the directors to the company.

| The loan is unsecured, interest free and repayable on demand.