Registration number: 11586812

Rigo Homes Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Rigo Homes Ltd

Company Information

Directors

JA Van Gass Mrs KE Van Gass

Registered office

Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

Accountants

Boon and Worth Limited Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

Rigo Homes Ltd

(Registration number: 11586812)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	4	474,034	345,930
Current assets
Debtors	5	1,587	3,736
Cash at bank and in hand		23,761	54,801
		25,348	58,537
Creditors: Amounts falling due within one year	6	(165,120)	(157,892)
Net current liabilities		(139,772)	(99,355)
Total assets less current liabilities		334,262	246,575
Creditors: Amounts falling due after more than one year	6	(321,318)	(244,310)
Provisions for liabilities		(3,320)	(3,320)
Net assets/(liabilities)		9,624	(1,055)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		9,524	(1,155)
Shareholders' funds/(deficit)		9,624	(1,055)

Rigo Homes Ltd

(Registration number: 11586812)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 April 2025 and signed on its behalf by:
 

......................................... JA Van Gass Director

......................................... Mrs KE Van Gass Director

Rigo Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Total liabilities exceed current assets at the balance sheet date. The directors consider, however that the
company has sufficient liquid assets, to meet its liabilities as and when they fall due, and that the company has
sufficient support from its creditors. Accordingly the director considers that it is appropriate to prepare the
accounts on a going concern basis

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Depreciation

Asset class	Depreciation method and rate
Office equipment	33% Straight Line Method

Rigo Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4	Investment properties

	2024 £
At 1 October	345,930
Additions	128,104
At 30 September	474,034

5

Debtors

Current	2024 £	2023 £
Trade debtors	802	802
Prepayments	785	2,934
	1,587	3,736

Rigo Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Accruals and deferred income	1,800	1,680
Other creditors	163,320	156,212
	165,120	157,892

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	321,318	244,310

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary Shares of £100 of £1 each	100	100	100	100

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Other borrowings	321,318	244,310

Rigo Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9	Related party transactions

Transactions with directors

2024	At 1 October 2023 £	Repayments by director £	At 30 September 2024 £
JA Van Gass
Transactions with director	(131,148)	(12,593)	(143,741)

2023	At 1 October 2022 £	Advances to director £	Repayments by director £	At 30 September 2023 £
JA Van Gass
Transactions with director	(131,028)	-	(120)	(131,148)