Ryelands Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04562540 (England and Wales)

Financial Statements for the Year Ended 31 October 2020

for

RYELANDS DEVELOPMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E Petrou

Mr S N Shoreman

REGISTERED OFFICE:

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

REGISTERED NUMBER:

04562540 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Investment property

4

799,575

761,500

CURRENT ASSETS

Debtors

5

190,826

100

Cash at bank

4,100

6,876

194,926

6,976

CREDITORS

Amounts falling due within one year

6

(956,419

)

(767,050

)

NET CURRENT LIABILITIES

(761,493

)

(760,074

)

TOTAL ASSETS LESS CURRENT LIABILITIES

38,082

1,426

PROVISIONS FOR LIABILITIES

7

(7,234

)

-

NET ASSETS

30,848

1,426

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

30,748

1,326

SHAREHOLDERS' FUNDS

30,848

1,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 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 29 October 2021 and were signed on its behalf by:

Mrs E Petrou - Director

Mr S N Shoreman - Director

1.	STATUTORY INFORMATION

Ryelands Developments Limited 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 as modified by the revaluation of certain assets.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2019

761,500

Revaluations

38,075

At 31 October 2020

799,575

NET BOOK VALUE

At 31 October 2020

799,575

At 31 October 2019

761,500

Fair value at 31 October 2020 is represented by:

£

Valuation in 2020

38,075

Cost

761,500

799,575

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Other debtors

190,826

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Taxation and social security

8,540

3,888

Other creditors

947,879

763,162

956,419

767,050

7.	PROVISIONS FOR LIABILITIES

31.10.20

31.10.19

£

£

Deferred tax

7,234

-

Deferred

tax

£

Provided during year

7,234

Balance at 31 October 2020

7,234

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.20

31.10.19

value:

£

£

100

ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 November 2019

1,326

Profit for the year

50,672

Dividends

(21,250

)

At 31 October 2020

30,748

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £21,250 (2019 - £15,250) were paid to the directors .