IRIS Accounts Production v25.2.0.378 02217116 Board of Directors 1.1.24 31.12.24 31.12.24 The principal activity of the company during the year was construction work. false true true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02217116 2023-12-31 02217116 2024-12-31 02217116 2024-01-01 2024-12-31 02217116 2022-12-31 02217116 2023-01-01 2023-12-31 02217116 2023-12-31 02217116 ns15:EnglandWales 2024-01-01 2024-12-31 02217116 ns14:PoundSterling 2024-01-01 2024-12-31 02217116 ns10:Director1 2024-01-01 2024-12-31 02217116 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02217116 ns10:SmallEntities 2024-01-01 2024-12-31 02217116 ns10:Audited 2024-01-01 2024-12-31 02217116 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 02217116 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02217116 ns10:FullAccounts 2024-01-01 2024-12-31 02217116 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 02217116 ns10:Director3 2024-01-01 2024-12-31 02217116 ns10:Director4 2024-01-01 2024-12-31 02217116 ns10:Director5 2024-01-01 2024-12-31 02217116 ns10:RegisteredOffice 2024-01-01 2024-12-31 02217116 ns10:Director2 2024-01-01 2024-12-31 02217116 ns5:CurrentFinancialInstruments 2024-12-31 02217116 ns5:CurrentFinancialInstruments 2023-12-31 02217116 ns5:Non-currentFinancialInstruments 2024-12-31 02217116 ns5:Non-currentFinancialInstruments 2023-12-31 02217116 ns5:ShareCapital 2024-12-31 02217116 ns5:ShareCapital 2023-12-31 02217116 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 02217116 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 02217116 ns5:ShareCapital 2022-12-31 02217116 ns5:RetainedEarningsAccumulatedLosses 2022-12-31 02217116 ns5:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 02217116 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 02217116 ns5:PlantMachinery 2024-01-01 2024-12-31 02217116 ns5:MotorVehicles 2024-01-01 2024-12-31 02217116 ns5:OwnedAssets 2024-01-01 2024-12-31 02217116 ns5:OwnedAssets 2023-01-01 2023-12-31 02217116 ns10:OrdinaryShareClass1 2023-01-01 2023-12-31 02217116 ns5:PlantMachinery 2023-12-31 02217116 ns5:MotorVehicles 2023-12-31 02217116 ns5:PlantMachinery 2024-12-31 02217116 ns5:MotorVehicles 2024-12-31 02217116 ns5:PlantMachinery 2023-12-31 02217116 ns5:MotorVehicles 2023-12-31 02217116 ns5:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 02217116 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 02217116 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 02217116 ns10:OrdinaryShareClass1 2024-12-31 02217116 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 02217116 1 ns10:Director1 2023-12-31 02217116 1 ns10:Director1 2022-12-31 02217116 1 ns10:Director1 2024-01-01 2024-12-31 02217116 1 ns10:Director1 2023-01-01 2023-12-31 02217116 1 ns10:Director1 2024-12-31 02217116 1 ns10:Director1 2023-12-31

REGISTERED NUMBER: 02217116 (England and Wales)

| Report of the Directors and |

| Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Rigg Construction (Southern) Limited |

| Rigg Construction (Southern) Limited (Registered number: 02217116) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Report of the Directors | 2 |

| Report of the Independent Auditors | 3 |

| Income Statement | 6 |

| Balance Sheet | 7 |

| Statement of Changes in Equity | 8 |

| Notes to the Financial Statements | 9 |

| Rigg Construction (Southern) Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | Mr P K A Rigg

| Mr J P Price

| Mr B N Mees

| Mr D Sault

| REGISTERED OFFICE: | Lancaster House

| Lancaster Park Bowerhill

| Melksham

| Wiltshire

| SN12 6TT

| REGISTERED NUMBER: | 02217116 (England and Wales)

| Rigg Construction (Southern) Limited (Registered number: 02217116) |

Report of the Directors

for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr P K A Rigg

Mr J P Price

Mr B N Mees

Other changes in directors holding office are as follows:

Mrs D Tristram - resigned 28 March 2024

Mr D Sault - appointed 1 January 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Sumer Audit, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr P K A Rigg - Director

5 September 2025

Report of the Independent Auditors to the Members of

Rigg Construction (Southern) Limited

Opinion

We have audited the financial statements of Rigg Construction (Southern) Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit; or

- | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Report of the Independent Auditors to the Members of

Rigg Construction (Southern) Limited

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to health and safety, anti-bribery, employment law and company legislation, and we considered the extent to which non-compliance might have a material effect on the financial statements of the Company. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation legislation.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements including the risk of override of controls, and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure, and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the audit engagement team included:

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;

- Understanding of management's internal controls designed to prevent and detect irregularities, and fraud;

- Reviewing the Company's legal costs to check for non-compliance with laws and regulations and fraud;

- Reviewing Board of Directors minutes;

- Review of tax compliance with the involvement of our tax specialists in the audit;

- Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing of expenses;

- Testing transactions entered into outside of the normal course of the Company's business; and

- Identifying and testing journal entries, in particular any journal entries with fraud characteristics such as journals with round numbers.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of

Rigg Construction (Southern) Limited

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

David Iain Black (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Statutory Auditor

Hermes House

Fire Fly Avenue

Swindon

Wiltshire

SN2 2GA

12 September 2025

| Rigg Construction (Southern) Limited (Registered number: 02217116) |

Income Statement

for the Year Ended 31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

TURNOVER | 14,461,085 |  | 11,742,275 |  |

Cost of sales | 13,041,512 |  | 10,480,578 |  |

GROSS PROFIT | 1,419,573 |  | 1,261,697 |  |

Administrative expenses | 1,187,393 |  | 1,055,550 |  |

232,180 |  | 206,147 |  |

Other operating income | 5,204 |  | - |  |

OPERATING PROFIT | 4 | 237,384 |  | 206,147 |  |

Interest receivable and similar income | 51,460 |  | 46,118 |  |

288,844 |  | 252,265 |  |

Interest payable and similar expenses | 7,458 |  | 9,068 |  |

PROFIT BEFORE TAXATION | 281,386 |  | 243,197 |  |

Tax on profit | (6,015 | ) | 54,644 |  |

PROFIT FOR THE FINANCIAL YEAR | 287,401 |  | 188,553 |  |

| Rigg Construction (Southern) Limited (Registered number: 02217116) |

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 6 | 224,820 |  | 198,275 |  |

CURRENT ASSETS

Debtors | 7 | 1,880,129 |  | 2,060,850 |  |

Cash at bank | 1,807,751 |  | 660,678 |  |

3,687,880 |  | 2,721,528 |  |

CREDITORS

Amounts falling due within one year | 8 | 2,269,102 |  | 1,539,886 |  |

NET CURRENT ASSETS | 1,418,778 |  | 1,181,642 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,643,598 |  | 1,379,917 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (71,164 | ) | (77,316 | ) |

PROVISIONS FOR LIABILITIES | (37,893 | ) | (25,461 | ) |

NET ASSETS | 1,534,541 |  | 1,277,140 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | 12 | 1,534,441 |  | 1,277,040 |  |

SHAREHOLDERS' FUNDS | 1,534,541 |  | 1,277,140 |  |

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

Mr P K A Rigg - Director

| Rigg Construction (Southern) Limited (Registered number: 02217116) |

Statement of Changes in Equity

for the Year Ended 31 December 2024

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 January 2023 | 100 |  | 1,131,487 |  | 1,131,587 |  |

Changes in equity

Dividends | - |  | (43,000 | ) | (43,000 | ) |

Total comprehensive income | - |  | 188,553 |  | 188,553 |  |

Balance at 31 December 2023 | 100 |  | 1,277,040 |  | 1,277,140 |  |

Changes in equity

Dividends | - |  | (30,000 | ) | (30,000 | ) |

Total comprehensive income | - |  | 287,401 |  | 287,401 |  |

Balance at 31 December 2024 | 100 |  | 1,534,441 |  | 1,534,541 |  |

| Rigg Construction (Southern) Limited (Registered number: 02217116) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Rigg Construction (Southern) 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent company due to it being a wholly owned subsidiary within the group.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.

| 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

| Motor vehicles | - | 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 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.

| Rigg Construction (Southern) Limited (Registered number: 02217116) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts, are capitalised in the balance sheet and are depreciated over their useful lives. The capital elements of future obligations under the leases and hire purchase contracts are included as liabilities in the balance sheet.

| The interest elements of the rental obligations are charged in the profit and loss account over the periods of the leases and hire purchase contracts and represent a constant proportion of the balance of capital repayments outstanding.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

| Work in progress (amounts recoverable on contracts)

| Work in progress (Amounts Recoverable on Contracts) is valued at the lower of direct cost plus attributable profit, and net realisable value.

| Leasing and hire purchase commitments

| Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts, are capitalised in the balance sheet and are depreciated over their useful lives. The capital elements of future obligations under the leases and hire purchase contracts are included as liabilities in the balance sheet.

| The interest elements of the rental obligations are charged in the profit and loss account over the periods of the leases and hire purchase contracts and represent a constant proportion of the balance of capital repayments outstanding.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 38 (2023 - 35 ) .

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2024 |  | 2023

£ | £ |

| Depreciation - owned assets | 74,940 |  | 72,525 |  |

| Profit on disposal of fixed assets | (4,500 | ) | (42,735 | ) |

| Pension costs | 21,833 |  | 32,344 |  |

5. | DIVIDENDS

| 2024 |  | 2023

£ | £ |

| Ordinary shares of £1 each

| Interim | 30,000 |  | 43,000 |  |

| Rigg Construction (Southern) Limited (Registered number: 02217116) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

6. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 171,149 |  | 536,813 |  | 707,962 |  |

| Additions | - |  | 101,485 |  | 101,485 |  |

| Disposals | - |  | (21,649 | ) | (21,649 | ) |

| At 31 December 2024 | 171,149 |  | 616,649 |  | 787,798 |  |

| DEPRECIATION

| At 1 January 2024 | 166,603 |  | 343,084 |  | 509,687 |  |

| Charge for year | 1,137 |  | 73,803 |  | 74,940 |  |

| Eliminated on disposal | - |  | (21,649 | ) | (21,649 | ) |

| At 31 December 2024 | 167,740 |  | 395,238 |  | 562,978 |  |

| NET BOOK VALUE

| At 31 December 2024 | 3,409 |  | 221,411 |  | 224,820 |  |

| At 31 December 2023 | 4,546 |  | 193,729 |  | 198,275 |  |

| Included within the net book value of assets held of £224,820 is £218,454 (2023 - £189,788) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £69,318 (2023 - £66,435).

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | (38,173 | ) | 575,573 |  |

| Other debtors | 1,764,459 |  | 1,468,382 |  |

| Directors' current accounts | 153,843 |  | 9,997 |  |

| Prepayments and accrued income | - |  | 6,898 |  |

1,880,129 |  | 2,060,850 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 1,130,925 |  | 594,932 |  |

| Amounts owed to group undertakings | 32,654 |  | 31,144 |  |

| Tax | 101,446 |  | 35,105 |  |

| Tax and social security | 48,781 |  | 54,019 |  |

| VAT | 402,421 |  | 315,863 |  |

| Other creditors | 491,058 |  | 452,460 |  |

| Hire purchase | 61,817 |  | 56,363 |  |

2,269,102 |  | 1,539,886 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase | 71,164 |  | 77,316 |  |

10. | SECURED DEBTS

| Natwest Bank has a floating charge over all the assets of Rigg Construction (Southern) Limited.

| Rigg Construction (Southern) Limited (Registered number: 02217116) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 1,000 | Ordinary | £1 | 100 |  | 100 |  |

12. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | 1,277,040 |  |

| Profit for the year | 287,401 |  |

| Dividends | (30,000 | ) |

| At 31 December 2024 | 1,534,441 |  |

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 | 2023 |

£ | £ |

| Mr P K A Rigg

| Balance outstanding at start of year | 9,997 |  | (3 | ) |

| Amounts advanced | 153,846 |  | 10,000 |  |

| Amounts repaid | (10,000 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 153,843 |  | 9,997 |  |

14. | RELATED PARTY DISCLOSURES

| Rigg Construction Holdings Limited is the parent company of Rigg Construction (Southern) Limited, and its registered office is Lancaster House, Lancaster Park, Bowerhill, SN12 6TT.

| During the year Rigg Construction (Southern) Limited lent £50,000 to William Pride Limited, a company in which Mr PKA Rigg has significant control. The amount outstanding at 31 December 2024 was £560,000 (2023 £510,000) and is included in other debtors.

15. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr P K A Rigg.