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REGISTERED NUMBER: 09134022 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 July 2023

for

Rigel Capital Partners Limited

Rigel Capital Partners Limited (Registered number: 09134022)






Contents of the Financial Statements
for the Year Ended 30 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Rigel Capital Partners Limited

Company Information
for the Year Ended 30 July 2023







DIRECTORS: M S Basi
S Garbaravicius





SECRETARY:





REGISTERED OFFICE: Abacus House (Lower Ground Floor)
107 Warley Hill
Warley
Brentwood
Essex
CM14 5HG





REGISTERED NUMBER: 09134022 (England and Wales)





ACCOUNTANTS: Cantelowes Ltd
15 Bowling Green Lane
London
EC1R 0BD

Rigel Capital Partners Limited (Registered number: 09134022)

Statement of Financial Position
30 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,740,968 12,218,111
Investments 5 - 1,270,000
1,740,968 13,488,111

CURRENT ASSETS
Debtors 6 5,017,328 4,843,550
Cash at bank 159,871 957,622
5,177,199 5,801,172
CREDITORS
Amounts falling due within one year 7 247,417 262,101
NET CURRENT ASSETS 4,929,782 5,539,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,670,750

19,027,182

CREDITORS
Amounts falling due after more than one year 8 3,584,708 11,091,857
NET ASSETS 3,086,042 7,935,325

CAPITAL AND RESERVES
Called up share capital 20,675,332 20,675,332
Revaluation reserve 9 263,803 263,803
Retained earnings (17,853,093 ) (13,003,810 )
3,086,042 7,935,325

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

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

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 20 March 2024 and were signed on its behalf by:





M S Basi - Director


Rigel Capital Partners Limited (Registered number: 09134022)

Notes to the Financial Statements
for the Year Ended 30 July 2023

1. STATUTORY INFORMATION

Rigel Capital Partners 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 20% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 July 2022 12,218,111 9,488 12,227,599
Disposals (10,477,143 ) - (10,477,143 )
At 30 July 2023 1,740,968 9,488 1,750,456
DEPRECIATION
At 31 July 2022
and 30 July 2023 - 9,488 9,488
NET BOOK VALUE
At 30 July 2023 1,740,968 - 1,740,968
At 30 July 2022 12,218,111 - 12,218,111

Rigel Capital Partners Limited (Registered number: 09134022)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 31 July 2022 1,270,000
Impairments (1,270,000 )
At 30 July 2023 -
NET BOOK VALUE
At 30 July 2023 -
At 30 July 2022 1,270,000

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 59,404 59,404
Other debtors 101,458 94,922
160,862 154,326

Amounts falling due after more than one year:
Amounts owed by group undertakings 4,856,466 4,689,224

Aggregate amounts 5,017,328 4,843,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 32 9,222
Other creditors 247,385 252,879
247,417 262,101

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 4,520,826
Other creditors 3,584,708 6,571,031
3,584,708 11,091,857

9. RESERVES
Revaluation
reserve
£   
At 31 July 2022
and 30 July 2023 263,803