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REGISTERED NUMBER: 04604473 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 5 APRIL 2025 |

| FOR |

| RIKS DEVELOPMENTS LIMITED |

RIKS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04604473) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 5 April 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| RIKS DEVELOPMENTS LIMITED |

COMPANY INFORMATION

for the year ended 5 April 2025

| DIRECTOR: | Mr R J Schwartz

| SECRETARY: | Mr G D F Schwartz

| REGISTERED OFFICE: | 19-20 Bourne Court

| Southend Road

| Woodford Green

| Essex

| IG8 8HD

| REGISTERED NUMBER: | 04604473 (England and Wales)

| ACCOUNTANTS: | Raffingers Holdings Limited

| Chartered Accountants

| 19-20 Bourne Court

| Southend Road

| Woodford Green

| Essex

| IG8 8HD

RIKS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04604473) |

ABRIDGED BALANCE SHEET

5 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | - |  | 1,571 |  |

Investment property | 5 | 3,147,498 |  | 3,147,498 |  |

3,147,498 |  | 3,149,069 |  |

CURRENT ASSETS

Debtors | 131,999 |  | 1,139 |  |

Cash at bank | 28,184 |  | 4,726 |  |

160,183 |  | 5,865 |  |

CREDITORS

Amounts falling due within one year | 1,757,644 |  | 1,721,410 |  |

NET CURRENT LIABILITIES | (1,597,461 | ) | (1,715,545 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,550,037 |  | 1,433,524 |  |

PROVISIONS FOR LIABILITIES | 111,991 |  | 111,991 |  |

NET ASSETS | 1,438,046 |  | 1,321,533 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 365,219 |  | 365,272 |  |

Retained earnings | 1,072,727 |  | 956,161 |  |

1,438,046 |  | 1,321,533 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RIKS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04604473) |

ABRIDGED BALANCE SHEET - continued

5 April 2025

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 5 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

Mr R J Schwartz - Director

RIKS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04604473) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 5 April 2025

1. | STATUTORY INFORMATION

| Riks Developments Limited 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

| Turnover

| Turnover represents property sales and net invoiced rents and commission receivable, excluding value added tax.

| Investment property

| Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

| Taxation

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

| Short term debtors and creditors

| Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. | EMPLOYEES AND DIRECTORS

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

RIKS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04604473) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 5 April 2025

4. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST OR VALUATION

| At 6 April 2024 | 1,571 |  |

| Revaluations | (53 | ) |

| Impairments | (1,518 | ) |

| At 5 April 2025 | - |  |

| NET BOOK VALUE

| At 5 April 2025 | - |  |

| At 5 April 2024 | 1,571 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 6 April 2024

| and 5 April 2025 | 3,147,498 |  |

| NET BOOK VALUE

| At 5 April 2025 | 3,147,498 |  |

| At 5 April 2024 | 3,147,498 |  |

| Investment property was valued on an open market basis on 5th April 2025 by the director.

6. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the company owed £1,082,165 (2024: £1,071,593) to Mr R J Schwartz, the director.

| At the balance sheet date, the company was owed £131,999 (2024: owed £5,000) by/(to) Tasar Properties LLP a businesses of which Mr R J Schwartz is a designated member. The company also owed £579,571 (2024 : £579,571) to GRS Property Investments Ltd, a company in which the director of this company is also a director and shareholder.

| During the year the company charged rental collection fees of £20,000 (2024: £20,000) to Tasar Properties LLP.