Company registration number: 13083453
Unaudited financial statements
for the period ended 31 December 2024
for
Riseglen Limited
Pages for filing with the Registrar
Company registration number: 13083453
Riseglen Limited
Balance sheet
as at 31 December 2024
Note £ £
Fixed assets
Tangible assets 4 224,526
224,526
Current assets
Stocks 36,472
Debtors 67,841
Cash at bank and in hand 42,943
147,256
Creditors: amounts falling due within one
year
(362,597)
Net current liabilities (215,341)
Total assets less current liabilities 9,185
NET ASSETS 9,185
Capital and reserves
Called up share capital 2
Profit and loss account 9,183
TOTAL EQUITY 9,185
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 13083453
Riseglen Limited
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr Z Gazi, Director
1 January 2025
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Riseglen Limited
Notes to the financial statements
for the period ended 31 December 2024
1 Company information
Riseglen Limited is a private company registered in England and Wales. Its registered number is 13083453. The company is limited by shares. Its registered office is Academy House, 11 Dunraven Place, Bridgend, CF31 1JF.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 7.5% straight line
Computer equipment - 7.5% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
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Riseglen Limited
Notes to the financial statements - continued
for the period ended 31 December 2024
3 Average number of employees
During the period the average number of employees was 14.
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 31 December 2024 320,754
Depreciation
Charge for period 24,057
At 31 December 2024 96,228
Net book value
At 31 December 2024 224,526
If Plant and machinery had not been revalued, it would have been included at the following historical cost:
£
Cost 190,266
Accumulated depreciation 14,270
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