REGISTERED NUMBER: 06517518 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 30 March 2025

for

Ryecorn Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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.