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REGISTERED NUMBER: 12891939 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

RISSERLEY PROPERTIES LTD

RISSERLEY PROPERTIES LTD (REGISTERED NUMBER: 12891939)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RISSERLEY PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr M W E Gregory
Mrs N M Gregory





REGISTERED OFFICE: Suite 4 East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 12891939 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

RISSERLEY PROPERTIES LTD (REGISTERED NUMBER: 12891939)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,325 8,157
Investment property 5 495,000 497,248
501,325 505,405

CURRENT ASSETS
Debtors 6 11,725 4,125
Cash at bank 6,964 5,190
18,689 9,315
CREDITORS
Amounts falling due within one year 7 530,499 518,673
NET CURRENT LIABILITIES (511,810 ) (509,358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,485

)

(3,953

)

PROVISIONS FOR LIABILITIES 5,603 -
NET LIABILITIES (16,088 ) (3,953 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 29,488 31,735
Retained earnings (45,676 ) (35,788 )
(16,088 ) (3,953 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

RISSERLEY PROPERTIES LTD (REGISTERED NUMBER: 12891939)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 3 April 2024 and were signed on its behalf by:





Mr M W E Gregory - Director


RISSERLEY PROPERTIES LTD (REGISTERED NUMBER: 12891939)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Risserley Properties 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 25% on reducing balance

Property improvements are not depreciated.

Investment property
Investment property, which is property held to earn rental and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss.

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

RISSERLEY PROPERTIES LTD (REGISTERED NUMBER: 12891939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
& equipment
£   
COST
At 1 October 2022 13,146
Additions 279
At 30 September 2023 13,425
DEPRECIATION
At 1 October 2022 4,989
Charge for year 2,111
At 30 September 2023 7,100
NET BOOK VALUE
At 30 September 2023 6,325
At 30 September 2022 8,157

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 497,248
Revaluations (2,248 )
At 30 September 2023 495,000
NET BOOK VALUE
At 30 September 2023 495,000
At 30 September 2022 497,248

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2021 31,735
Valuation in 2023 (2,247 )
Cost 465,512
495,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 465,512 465,512

The investment property was valued on an open market basis on 30 September 2023 by the directors. .

RISSERLEY PROPERTIES LTD (REGISTERED NUMBER: 12891939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,919 2,780
Prepayments 2,806 1,345
11,725 4,125

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,443 2,967
Directors' current accounts 517,571 511,015
Deferred income 9,303 3,659
Accrued expenses 1,182 1,032
530,499 518,673

8. RESERVES
Fair
value
reserve
£   
At 1 October 2022 31,735
Fair value adjustment (2,247 )

At 30 September 2023 29,488