Registration number: 02218862

Rye View Properties Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Rye View Properties Limited

Company Information

Directors

D J Roberts P A Roberts

Company secretary

P A Roberts

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Rye View Properties Limited

Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,787	705
Investment property	5	1,739,000	1,739,000
		1,740,787	1,739,705
Current assets
Debtors	6	3,934	6,427
Investments	7	1,328	957
Cash at bank and in hand		1,079,911	1,502,559
		1,085,173	1,509,943
Creditors: Amounts falling due within one year	8	(13,207)	(361,517)
Net current assets		1,071,966	1,148,426
Total assets less current liabilities		2,812,753	2,888,131
Provisions for liabilities	9	(218,697)	(218,426)
Net assets		2,594,056	2,669,705
Capital and reserves
Called up share capital		50	50
Capital redemption reserve		50	50
Profit and loss account		2,593,956	2,669,605
Total equity		2,594,056	2,669,705

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Rye View Properties Limited

Statement of Financial Position as at 31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Rye View Properties Limited have elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 26 November 2025 and signed on its behalf by:
 

.........................................

D J Roberts

Director

Company registration number: 02218862

Rye View Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the letting and operating of real estate.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 March 2025 and had net assets at that date of £2,594,056, including cash at bank amounting to £1,079,911.

Despite the current economic climate, the directors are confident that the company will continue to generate profits from the rental of its investment properties for the foreseeable future, as the company’s affairs are simple with no significant overheads.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for provision of services in the ordinary course of the company’s activities. Turnover is shown net of Value Added Tax, rebates and discounts.

Rental income is recognised evenly over the period of the leases or licences.

Rye View Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% straight line
Motor vehicles	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments are initially recognised at cost.

Investments whose fair value can be measured reliably are measured at fair value. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Rye View Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company during the year, was 2 (2024 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	8,049	46,613	54,662
Additions	1,678	-	1,678
At 31 March 2025	9,727	46,613	56,340
Depreciation
At 1 April 2024	8,049	45,908	53,957
Charge for the year	420	176	596
At 31 March 2025	8,469	46,084	54,553
Carrying amount
At 31 March 2025	1,258	529	1,787
At 31 March 2024	-	705	705

5	Investment properties

	2025 £
At 1 April 2024	1,739,000
At 31 March 2025	1,739,000

The investment property is reflected at fair value as estimated by the directors at 31 March 2025.

Rye View Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

	2025 £	2024 £
Trade debtors	3,934	6,427
	3,934	6,427

7	Investments

	2025 £	2024 £
Listed investments	1,328	957

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	55	55
Taxation and social security	7,734	152,010
Other creditors	5,418	209,452
	13,207	361,517