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REGISTERED NUMBER: 09877325 (England and Wales)















RISE RESOURCES (HOLDINGS) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






RISE RESOURCES (HOLDINGS) LTD (REGISTERED NUMBER: 09877325)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RISE RESOURCES (HOLDINGS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Miss E Stevens
J Robson





REGISTERED OFFICE: 16 Jubilee Parkway
Jubilee Business Park
Derby
Derbyshire
DE21 4BJ





BUSINESS ADDRESS: Pound Farm
Thorney Lanes
Newborough
Burton upon Trent
Staffordshire
DE13 8RY





REGISTERED NUMBER: 09877325 (England and Wales)

RISE RESOURCES (HOLDINGS) LTD (REGISTERED NUMBER: 09877325)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,323 41,372

CURRENT ASSETS
Stocks 20,418 24,439
Debtors 5 16,709 23,779
Cash at bank - 1,233
37,127 49,451
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

184,230

103,981
NET CURRENT LIABILITIES (147,103 ) (54,530 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,780

)

(13,158

)

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

28,623

19,896
NET LIABILITIES (85,403 ) (33,054 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (85,404 ) (33,055 )
SHAREHOLDERS' FUNDS (85,403 ) (33,054 )

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

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

RISE RESOURCES (HOLDINGS) LTD (REGISTERED NUMBER: 09877325)

BALANCE SHEET - continued
30 NOVEMBER 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 28 August 2024 and were signed on its behalf by:





J Robson - Director


RISE RESOURCES (HOLDINGS) LTD (REGISTERED NUMBER: 09877325)

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


1. STATUTORY INFORMATION

Rise Resources (Holdings) 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.

Turnover
Turnover represents net invoiced sales of goods and services, net of value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

RISE RESOURCES (HOLDINGS) LTD (REGISTERED NUMBER: 09877325)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 53,397 - 30,085 485 83,967
Additions 28,810 643 48,008 - 77,461
Disposals - - (20,795 ) - (20,795 )
At 30 November 2023 82,207 643 57,298 485 140,633
DEPRECIATION
At 1 December 2022 18,167 - 24,058 370 42,595
Charge for year 13,071 99 11,583 56 24,809
Eliminated on disposal - - (17,094 ) - (17,094 )
At 30 November 2023 31,238 99 18,547 426 50,310
NET BOOK VALUE
At 30 November 2023 50,969 544 38,751 59 90,323
At 30 November 2022 35,230 - 6,027 115 41,372

The net book value of tangible fixed assets includes £40,753 (2022 : £22,714) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £13,584 for the year (2022: £1,148).

RISE RESOURCES (HOLDINGS) LTD (REGISTERED NUMBER: 09877325)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,056 23,652
Other debtors 2,653 127
16,709 23,779

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,598 -
Hire purchase contracts 5,582 4,998
Trade creditors 21,397 11,694
Taxation and social security 3,691 5,147
Other creditors 133,962 82,142
184,230 103,981

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,309 5,000
Hire purchase contracts 9,314 14,896
28,623 19,896

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The controlling party is Miss E Stevens.