RIGBYWARD LIMITED - Filleted accounts

Registered number

01732081

RIGBYWARD LIMITED

Unaudited Filleted Accounts

31 December 2024

TEMPLETONS (HOLDINGS) LIMITED

CHARTERED ACCOUNTANTS

309 HOE STREET

WALTHAMSTOW

LONDON E17 9BG

RIGBYWARD LIMITED
Registered number:		01732081
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Investments	3		38,749			62,749

Current assets
Debtors	4	1,630			-
Cash at bank and in hand		26,332			12,451
		27,962			12,451

Creditors: amounts falling due within one year	5	(7,661)			(5,996)

Net current assets			20,301			6,455

Total assets less current liabilities			59,050			69,204


Provisions for liabilities			-			(174)


Net assets			59,050			69,030

Capital and reserves
Called up share capital			100			100
Revaluation reserve	6		(6,947)			741
Profit and loss account			65,897			68,189

Shareholders' funds			59,050			69,030

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr B R MaunderTaylor
Director
Approved by the board on 25 November 2025

RIGBYWARD LIMITED
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents rental and ground rent income receivable from investment properties.

	Investments properties
	Fixed assets consist of Investment Properties. Investment Properties are revalued at the year end by the company's Director based on open market values.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	2		3


3	Investments

Other
investments
£
	Cost/(Valuation)			Valuation

	At 1 January 2024			62,749
	Revaluation			(15,000)
	Disposals			(9,000)

	At 31 December 2024			38,749


4	Debtors	2024		2023
£			£

	Deferred tax asset	1,630		-


5	Creditors: amounts falling due within one year	2024		2023
£			£

	Trade creditors	1,296		636
	Taxation and social security costs	419		-
	Other creditors	5,946		5,360
		7,661		5,996


6	Revaluation reserve	2024		2023
£			£

	At 1 January 2024	741		44,628
	Loss on revaluation of land and buildings	(9,491)		(54,181)
	Deferred taxation arising on the revaluation of land and buildings	1,803		10,294

	At 31 December 2024	(6,947)		741

	This related to the gain arising on the revaluation of the company's investment properties as at 31 December 2024, based on a valuation conducted by the director of the company based on open market values. The director is not aware of any material change in value since the last date of valuation.

7	Controlling party

	The company is under the control of Mr B R Maunder Taylor, both a director and shareholder of the company during the year.


8	Other information

	RIGBYWARD LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	309 Hoe Street
	Walthamstow
	London
	E17 9BG