Company No: 11766970 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	34,220		46,004
Investment property	4	236,380		780,709
		270,600		826,713
Current assets
Debtors
- due within one year	5	61,840		2,566
- due after more than one year	5	294,590		0
Cash at bank and in hand		113,963		141,191
		470,393		143,757
Creditors: amounts falling due within one year	6	( 643,721)		( 878,732)
Net current liabilities		(173,328)		(734,975)
Total assets less current liabilities		97,272		91,738
Provision for liabilities		( 7,756)		( 5,657)
Net assets		89,516		86,081
Capital and reserves
Called-up share capital		100		100
Revaluation reserve		0		( 16,345 )
Profit and loss account		89,416		102,326
Total shareholders' funds		89,516		86,081

For the financial year ending 30 April 2025 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Income Statement has not been delivered.

The financial statements of Riggott Property Investments Limited (registered number: 11766970) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Nicholas Shaun Riggott Director

12 December 2025

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

Riggott Property Investments 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 Model Farm Barn, Westgate, Walsingham, NR22 6DY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	4 years straight line
Computer equipment	4 years straight line

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets or liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 May 2024	62,140		3,767		1,998		67,905
At 30 April 2025	62,140		3,767		1,998		67,905
Accumulated depreciation
At 01 May 2024	20,196		705		1,000		21,901
Charge for the financial year	10,486		799		499		11,784
At 30 April 2025	30,682		1,504		1,499		33,685
Net book value
At 30 April 2025	31,458		2,263		499		34,220
At 30 April 2024	41,944		3,062		998		46,004

4. Investment property

	Investment property
	£
Valuation
As at 01 May 2024	780,709
Additions	670
Disposals	(545,000)
As at 30 April 2025	236,380

Historic cost

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

	2025		2024
	£		£
Historic cost	236,380		800,889

5. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	2,752		0
Amounts owed by connected persons	1,484		1,313
Prepayments	601		1,253
Other debtors	57,003		0
	61,840		2,566
Debtors: amounts falling due after more than one year
Other debtors	294,590		0

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	1,415		1,053
Amounts owed to directors	632,426		860,154
Accruals and deferred income	5,371		8,382
Taxation and social security	4,509		9,143
	643,721		878,732

7. Related party transactions

At the year end the directors were owed £632,426 (2024: £860,154) from the company, which is repayable on demand. Interest was charged on the loan in the period at a rate deemed to be commercial.

The company was owed £351,594 at the year end in connection with a loan to a connected party. Interest is charged at the prevailing base rate plus 1%.

The company was owed £1,484 by a company that is under common control at the year end (2024: £1,313).