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REGISTERED NUMBER: 07396731 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

RILLA PROPERTIES LIMITED

RILLA PROPERTIES LIMITED (REGISTERED NUMBER: 07396731)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RILLA PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31ST OCTOBER 2024







DIRECTOR: M D E Bayntun





REGISTERED OFFICE: 146-148 Newington Butts
S L S
London
SE11 4RN





REGISTERED NUMBER: 07396731 (England and Wales)





ACCOUNTANTS: Underwood Barron Associates Limited
13 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

RILLA PROPERTIES LIMITED (REGISTERED NUMBER: 07396731)

BALANCE SHEET
31ST OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 5,715,000 5,725,000
5,715,000 5,725,000

CURRENT ASSETS
Debtors 6 3,501,926 2,766,430
Cash at bank 21,595 10,505
3,523,521 2,776,935
CREDITORS
Amounts falling due within one year 7 124,056 236,342
NET CURRENT ASSETS 3,399,465 2,540,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,114,465

8,265,593

CREDITORS
Amounts falling due after more than one year 8 (3,790,175 ) (2,936,072 )

PROVISIONS FOR LIABILITIES (897,679 ) (900,179 )
NET ASSETS 4,426,611 4,429,342

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 2,693,037 2,700,537
Retained earnings 1,733,474 1,728,705
4,426,611 4,429,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 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.

RILLA PROPERTIES LIMITED (REGISTERED NUMBER: 07396731)

BALANCE SHEET - continued
31ST OCTOBER 2024


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 28th July 2025 and were signed by:





M D E Bayntun - Director


RILLA PROPERTIES LIMITED (REGISTERED NUMBER: 07396731)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Rilla Properties 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
Turnover 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 etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

RILLA PROPERTIES LIMITED (REGISTERED NUMBER: 07396731)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2023
and 31st October 2024 20,301
DEPRECIATION
At 1st November 2023
and 31st October 2024 20,301
NET BOOK VALUE
At 31st October 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023 5,725,000
Revaluations (10,000 )
At 31st October 2024 5,715,000
NET BOOK VALUE
At 31st October 2024 5,715,000
At 31st October 2023 5,725,000

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2012 331,158
Valuation in 2013 1,655,155
Valuation in 2014 421,121
Valuation in 2015 295,000
Valuation in 2017 378,282
Valuation in 2020 295,000
Valuation in 2021 195,000
Valuation in 2022 30,000
Valuation in 2024 (10,000 )
Cost 2,124,284
5,715,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 2,124,284 2,124,284
Aggregate depreciation (583,727 ) (541,242 )

The investment properties were valued on an open market basis on 31st October 2024 by the director of the company .

RILLA PROPERTIES LIMITED (REGISTERED NUMBER: 07396731)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST OCTOBER 2024

6. DEBTORS
31.10.24 31.10.23
£    £   
Amounts falling due within one year:
Trade debtors - 1,560
Amounts owed by associates 69,438 69,438
Other debtors 3,198 3,670
72,636 74,668

Amounts falling due after more than one year:
Amounts owed by associates 3,429,290 2,691,762

Aggregate amounts 3,501,926 2,766,430

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts - 106,000
Trade creditors 2,034 -
Amounts owed to associates 2,705 2,705
Taxation and social security 1,484 27,729
Other creditors 117,833 99,908
124,056 236,342

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 3,591,250 2,541,531
Amounts owed to associates 139,118 315,000
Other creditors 59,807 79,541
3,790,175 2,936,072

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,117,531
Bounce back loan > 5yrs 7,255 11,534
7,255 2,129,065

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 3,591,250 2,647,531

The bank holds charges over the company's investment property portfolio

RILLA PROPERTIES LIMITED (REGISTERED NUMBER: 07396731)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST OCTOBER 2024

10. RESERVES
Fair
value
reserve
£   
At 1st November 2023 2,700,537
Property revaluation (7,500 )

At 31st October 2024 2,693,037