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Registered number: 11907839










RIEDER INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
RIEDER INVESTMENTS LIMITED
REGISTERED NUMBER: 11907839

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
£
£

FIXED ASSETS

Tangible assets
1,206,846
1,207,055

Investments
110,000
110,000

1,316,846
1,317,055

CURRENT ASSETS

Debtors: amounts falling due after more than one year
262,934
224,150

Debtors: amounts falling due within one year
3,932
661

Cash at bank and in hand
16,087
43,201

282,953
268,012

Creditors: amounts falling due within one year
(8,327)
(9,202)

NET CURRENT ASSETS
 
 
274,626
 
 
258,810

TOTAL ASSETS LESS CURRENT LIABILITIES
1,591,472
1,575,865

Creditors: amounts falling due after more than one year
(1,537,832)
(1,536,893)


NET ASSETS
53,640
38,972


CAPITAL AND RESERVES

Called up share capital 
1
1

Profit and loss account
53,639
38,971

53,640
38,972


Page 1

 
RIEDER INVESTMENTS LIMITED
REGISTERED NUMBER: 11907839
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr Ryan Rieder
Director

Date: 29 July 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RIEDER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

The company is a private company, limited by shares, incorporated in England and Wales and its
registered office is:-
Maritime House
Harbour Walk
The Marina
Hartlepool
TS24 0UX

2.ACCOUNTING POLICIES

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from a contract to provide rented accommodation is recognised in the period in which the services are provided.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
nil
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
RIEDER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


EMPLOYEES




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


TANGIBLE FIXED ASSETS





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
1,206,220
2,375
1,208,595



At 31 December 2023

1,206,220
2,375
1,208,595



Depreciation


At 1 January 2023
-
1,540
1,540


Charge for the year on owned assets
-
209
209



At 31 December 2023

-
1,749
1,749



Net book value



At 31 December 2023
1,206,220
626
1,206,846



At 31 December 2022
1,206,220
835
1,207,055


5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
110,000



At 31 December 2023
110,000




Page 4

 
RIEDER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


DEBTORS

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
263,675
225,656

Other debtors
(741)
(1,506)

262,934
224,150


2023
2022
£
£

Due within one year

Trade debtors
3,195
-

Prepayments and accrued income
580
494

Deferred taxation
157
167

3,932
661



7.


CASH AND CASH EQUIVALENTS

2023
2022
£
£

Cash at bank and in hand
16,087
43,201

16,087
43,201



8.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Corporation tax
4,123
7,025

Other creditors
1,928
-

Accruals and deferred income
2,276
2,177

8,327
9,202


Page 5

 
RIEDER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


CREDITORS: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
864,708
863,203

Amounts owed to group undertakings
673,124
673,690

1,537,832
1,536,893



10.


LOANS


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
864,708
863,204

864,708
863,204


The bank loan is secured over the property. 

Page 6

 
RIEDER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


DEFERRED TAXATION




2023


£






At beginning of year
167


Charged to profit or loss
(10)



At end of year
157

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
157
167

157
167


12.


CONTROLLING PARTY

The immediate and ultimate parent undertaking and controlling party is Rieder Wellness Limited the registered office of which is Maritime House, Harbour Walk, The Marina, Hartlepool, TS24 0UX.

 
Page 7