RYE HOMES LIMITED


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RYE HOMES LIMITED

Registered Number
07139713
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

RYE HOMES LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Directors

MEHR, Khabbab Qayyum
SHAFIQ, Sheran

Registered Address

Simplex House
Freshwater Road
Dagenham
RM8 1RX

Registered Number

07139713 (England and Wales)
RYE HOMES LIMITED
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments3700-
700-
Current assets
Debtors54,80447,940
Cash at bank and on hand1,222129
56,02648,069
Creditors amounts falling due within one year5(24,643)(5,777)
Net current assets (liabilities)31,38342,292
Total assets less current liabilities32,08342,292
Creditors amounts falling due after one year6(38,394)(43,868)
Net assets(6,311)(1,576)
Capital and reserves
Called up share capital100100
Profit and loss account(6,411)(1,676)
Shareholders' funds(6,311)(1,576)
  • The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The financial statements were approved and authorised for issue by the Board of Directors on 28 February 2024, and are signed on its behalf by:
SHAFIQ, Sheran
Director
Registered Company No. 07139713
RYE HOMES LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year00
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
Additions700700
At 31 May 23700700
Net book value
At 31 May 23700700
At 31 May 22--

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2023

2022

££
Other debtors54,80447,940
Total54,80447,940
5.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts5,4435,417
Other creditors19,200-
Accrued liabilities and deferred income-360
Total24,6435,777
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts38,39443,868
Total38,39443,868
7.Related party transactions
Other creditors includes the following: £6,500 (2022: Nil) Akes Investments Ltd, £12,700 (2022: Nil) SPHC Ltd. The directors are also directors in these companies.