REGISTERED NUMBER: 08123785 (England and Wales)

Financial Statements for the Year Ended 31st March 2025

for

Risca Property Development Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Cummings

S Cummings

REGISTERED OFFICE:

10 Cader Idris Close

Risca

Newport

Caerphilly

REGISTERED NUMBER:

08123785 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,408

4,493

Investment property

5

600,000

600,000

603,408

604,493

CURRENT ASSETS

Stocks

453,470

428,424

Debtors

6

13,259

11,658

Cash at bank

2,767

13,076

469,496

453,158

CREDITORS

Amounts falling due within one year

7

569,041

559,730

NET CURRENT LIABILITIES

(99,545

)

(106,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

503,863

497,921

CREDITORS

Amounts falling due after more than one year

8

(113,362

)

(127,925

)

PROVISIONS FOR LIABILITIES

(852

)

(1,123

)

NET ASSETS

389,649

368,873

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

10

204,087

204,087

Fair value reserve

10

45,571

45,571

Retained earnings

139,989

119,213

SHAREHOLDERS' FUNDS

389,649

368,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement and Directors report has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th December 2025 and were signed on its behalf by:

P Cummings - Director

1.	STATUTORY INFORMATION

Risca Property Development Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

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

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 etc

-

at variable rates on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement and Directors report, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

21,940

DEPRECIATION

At 1st April 2024

17,447

Charge for year

1,085

At 31st March 2025

18,532

NET BOOK VALUE

At 31st March 2025

3,408

At 31st March 2024

4,493

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

600,000

NET BOOK VALUE

At 31st March 2025

600,000

At 31st March 2024

600,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2013

179,430

Valuation in 2015

45,570

Valuation in 2021

375,000

600,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

350,342

350,342

Aggregate depreciation

(31,244

)

(31,244

)

Investment property was valued on open Market basis on 31st March 2021 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,063

1,289

Other debtors

12,196

10,369

13,259

11,658

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

199,598

199,598

Taxation and social security

1,248

-

Other creditors

368,195

360,132

569,041

559,730

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,027

11,720

Other creditors

111,335

116,205

113,362

127,925

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

90,657

94,333

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

201,625

211,318

Other loans

116,504

121,673

318,129

332,991

Included within ' other loans ' is a commercial mortgage which is secured by a fixed charge on the investment properties.

10.

RESERVES

Fair

Revaluation

value

reserve

reserve

Totals

£

£

£

At 1st April 2024

and 31st March 2025

204,087

45,571

249,658