Company No: 11153165 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director	R M Harris (Resigned 25 April 2024)
	L G Marks

Secretary

I Gadilhe

Registered office	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA
	United Kingdom

Company number

11153165 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	2024		2023
		£		£
Fixed assets
Investment property	3	6,650,000		6,758,318
		6,650,000		6,758,318
Current assets
Debtors	4	448,787		418,428
Cash at bank and in hand		148,175		58,082
		596,962		476,510
Creditors: amounts falling due within one year	5	( 7,194,855)		( 7,313,165)
Net current liabilities		(6,597,893)		(6,836,655)
Total assets less current liabilities		52,107		(78,337)
Provision for liabilities	6	( 304,693)		( 54,693)
Net liabilities		( 252,586)		( 133,030)
Capital and reserves
Called-up share capital	7	100		100
Revaluation reserve		914,077		164,077
Profit and loss account	8	( 1,166,763 )		( 297,207 )
Total shareholder's deficit		( 252,586)		( 133,030)

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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Rias Landmark Limited (registered number: 11153165) were approved and authorised for issue by the Director on 29 September 2025. They were signed on its behalf by:

L G Marks Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rias Landmark Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA, United Kingdom.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

Going concern

Despite the company reporting net current liabilities of £6,597,893 (2023: £6,836,655) and net liabilities of £252,586 (2023: £133,030) as at 31 December 2024, the financial statements have been prepared on a going concern basis. Included within Creditors: amounts due within one year is an amount of £6,632,625 (2023: £6,800,626) due to the company's parent undertaking confirming that they will not call for repayment of this sum until the company has sufficient cash reserves to do so, without prejudice to the company's other creditors, and for a period of at least twelve months from the date of approval of the financial statements.

For this reason, the director continues to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents rents from tenants, credit for which is taken on an accrual basis excluding discounts, rebates, value added tax and other sales taxes.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year.	1		1

3. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	6,758,318
Fair value movement	(108,318)
As at 31 December 2024	6,650,000

The 2024 valuations were made by the director, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2024		2023
	£		£
Historic cost	6,539,548		6,539,548

4. Debtors

	2024		2023
	£		£
Trade debtors	32,661		73,669
Corporation tax	33,658		0
Other debtors	382,468		344,759
	448,787		418,428

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	28,182		4,192
Amounts owed to Group undertakings	6,742,625		6,860,626
Accruals and deferred income	115,173		95,667
Corporation tax	0		61,258
Other taxation and social security	17,909		0
Other creditors	290,966		291,422
	7,194,855		7,313,165

6. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 54,693)		0
Charged to the Profit and Loss Account	( 250,000)		( 54,693)
At the end of financial year	( 304,693)		( 54,693)

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Revaluation of investment properties	( 304,693)		( 54,693)

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Reserves

Revaluation reserve

The revaluation reserve is used to record the revaluation gains on the investment properties, less any related provision for deferred taxation.

Profit and loss account

The Profit and loss account comprises all current and prior period retained profits and losses.

Share capital

This represents the nominal value of shares that have been issued by the company.

9. Ultimate controlling party

The company regards Rias Investments Limited, a company registered in England and Wales as its immediate and ultimate parent company.