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Registration number: 08330922

Rigby Commercial Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Rigby Commercial Limited

Contents

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

Rigby Commercial Limited

Company Information

Directors | Mrs Linda RIGBY Miss Victoria Jayne Rigby

Registered office | 4 Croft Court Whitehills Business Park Blackpool Lancashire FY4 5PR

Accountants | Beckett Rawcliffe Limited Unit 17, Beckett House Sovereign Court Wyrefields Poulton Le Fylde Lancashire FY6 8JX

Rigby Commercial Limited

(Registration number: 08330922)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 5,103,500 | 7,001,000
Current assets |  |  |
Debtors | 5 | 366,799 | 1,397,679
Cash at bank and in hand |  | 71 | 35
|  | 366,870 | 1,397,714
Creditors: Amounts falling due within one year | 6 | (4,127,077) | (4,289,390)
Net current liabilities |  | (3,760,207) | (2,891,676)
Total assets less current liabilities |  | 1,343,293 | 4,109,324
Creditors: Amounts falling due after more than one year | 6 | (2,892,683) | (5,104,661)
Net liabilities |  | (1,549,390) | (995,337)
Capital and reserves |  |  |
Called up share capital | 7 | 200 | 200
Revaluation reserve |  | (231,337) | (137,200)
Retained earnings |  | (1,318,253) | (858,337)
Shareholders' deficit |  | (1,549,390) | (995,337)

For the financial year ending 31 December 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:

......................................... Mrs Linda RIGBY Director |  |

Rigby Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
4 Croft Court
Whitehills Business Park
Blackpool
Lancashire
FY4 5PR
England

These financial statements were authorised for issue by the Board on 16 September 2025.

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

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Rigby Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investments

Not depreciated

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Rigby Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3 | Staff numbers

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

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 January 2024 | 7,004,000 | 7,004,000
Revaluations | (94,137) | (94,137)
Disposals | (1,806,363) | (1,806,363)
At 31 December 2024 | 5,103,500 | 5,103,500
Depreciation
Carrying amount
At 31 December 2024 | 5,103,500 | 5,103,500
At 31 December 2023 | 7,001,000 | 7,001,000

Included within the net book value of land and buildings above is £4,103,500 (2023 - £5,726,000) in respect of freehold land and buildings and £1,000,000 (2023 - £1,275,000) in respect of long leasehold land and buildings.

5 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | 127,817 | 256,496
Amounts owed by related parties | 10 | - | 1,095,144
Prepayments |  | 4,762 | 6,039
Other debtors |  | 234,220 | 40,000
|  | 366,799 | 1,397,679

Rigby Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 58,793 | 50,648
Taxation and social security | 71,093 | 18,257
Accruals and deferred income | 216,467 | 183,685
Other creditors | 3,780,724 | 4,036,800
| 4,127,077 | 4,289,390

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 9 | 2,892,683 | 4,695,028
Other financial liabilities |  | - | 409,633
|  | 2,892,683 | 5,104,661

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary of £1 each | 198 | 198 | 198 | 198
Ordinary A of £1 each | 1 | 1 | 1 | 1
Ordinary B of £1 each | 1 | 1 | 1 | 1
| 200 | 200 | 200 | 200

8 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | (94,137) | (94,137)

Rigby Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 2,892,683 | 4,695,028

10 | Related party transactions

Summary of transactions with all entities with joint control or significant interest

Inter Compant Loan Accounts

Loans to related parties

2024 | Entities with joint control or significant influence £ | Total £
At start of period | 1,095,144 | 1,095,144
Repaid | (1,095,144) | (1,095,144)
At end of period | - | -

2023 | Entities with joint control or significant influence £ | Total £
At start of period | 1,376,778 | 1,376,778
Repaid | (281,634) | (281,634)
At end of period | 1,095,144 | 1,095,144

11 | Parent and ultimate parent undertaking

The ultimate controlling party is Victoria Jayne Rigby.