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REGISTERED NUMBER: 06002960 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

RIA HOMES LIMITED

RIA HOMES LIMITED (REGISTERED NUMBER: 06002960)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RIA HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr A M Georgiou





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 06002960 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

RIA HOMES LIMITED (REGISTERED NUMBER: 06002960)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 9,002,014 6,080,719

CURRENT ASSETS
Debtors 5 274,543 207,381
Cash at bank 11,630 9,418
286,173 216,799
CREDITORS
Amounts falling due within one year 6 50,667 59,825
NET CURRENT ASSETS 235,506 156,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,237,520

6,237,693

CREDITORS
Amounts falling due after more than one year 7 (4,373,537 ) (3,760,168 )

PROVISIONS FOR LIABILITIES 8 (751,639 ) (166,033 )
NET ASSETS 4,112,344 2,311,492

CAPITAL AND RESERVES
Called up share capital 9 100 100
Special reserve 3,467,326 1,691,632
Retained earnings 644,918 619,760
SHAREHOLDERS' FUNDS 4,112,344 2,311,492

RIA HOMES LIMITED (REGISTERED NUMBER: 06002960)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


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 director acknowledges his 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 director and authorised for issue on 30 August 2024 and were signed by:





Mr A M Georgiou - Director


RIA HOMES LIMITED (REGISTERED NUMBER: 06002960)

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


1. STATUTORY INFORMATION

Ria Homes 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 as modified by the revaluation of certain assets.

TURNOVER
Revenue 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.
Plant and machinery - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

RIA HOMES LIMITED (REGISTERED NUMBER: 06002960)

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


4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and
property machinery Totals
£    £    £   
Cost or valuation
At 1 December 2022 6,080,700 1,019 6,081,719
Additions 560,000 - 560,000
Revaluations 2,361,300 - 2,361,300
At 30 November 2023 9,002,000 1,019 9,003,019
Depreciation
At 1 December 2022 - 1,000 1,000
Charge for year - 5 5
At 30 November 2023 - 1,005 1,005
Net book value
At 30 November 2023 9,002,000 14 9,002,014
At 30 November 2022 6,080,700 19 6,080,719

Cost or valuation at 30 November 2023 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2016 1,283,666 - 1,283,666
Valuation in 2017 574,000 - 574,000
Valuation in 2023 2,361,300 - 2,361,300
Cost 4,783,034 1,019 4,784,053
9,002,000 1,019 9,003,019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 274,543 207,381

RIA HOMES LIMITED (REGISTERED NUMBER: 06002960)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,067 14,888
Taxation and social security 22,087 19,335
Other creditors 19,513 25,602
50,667 59,825

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 4,373,537 3,760,168

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 751,639 166,033

Deferred
tax
£   
Balance at 1 December 2022 166,033
Provided during year 585,606
Balance at 30 November 2023 751,639

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50
25 Ordinary A £1 25 25
25 Ordinary B £1 25 25
100 100