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Registered number: 11637944
Rigg Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Accountancy Solutions (Northern) Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11637944
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,679 16,709
12,679 16,709
CURRENT ASSETS
Debtors 5 56,730 37,980
Cash at bank and in hand 7,579 22,113
64,309 60,093
Creditors: Amounts Falling Due Within One Year 6 (76,234 ) (53,612 )
NET CURRENT ASSETS (LIABILITIES) (11,925 ) 6,481
TOTAL ASSETS LESS CURRENT LIABILITIES 754 23,190
NET ASSETS 754 23,190
CAPITAL AND RESERVES
Called up share capital 7 5 5
Profit and Loss Account 749 23,185
SHAREHOLDERS' FUNDS 754 23,190
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Wayne Rigg
Director
05/01/2026
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Rigg Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11637944 . The registered office is 35 Sallyport House, City Road, NE1 2AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Reducing balance 10%
Motor Vehicles Reducing balance 20%
Fixtures & Fittings Straight line 20%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2024 22,834 1,200 28,212 52,246
Disposals - (1,200 ) - (1,200 )
As at 31 October 2025 22,834 - 28,212 51,046
Depreciation
As at 1 November 2024 9,285 723 25,529 35,537
Provided during the period 1,355 - 2,198 3,553
Disposals - (723 ) - (723 )
As at 31 October 2025 10,640 - 27,727 38,367
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 October 2025 12,194 - 485 12,679
As at 1 November 2024 13,549 477 2,683 16,709
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 12,247 13,722
Other debtors 44,483 24,258
56,730 37,980
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 74,739 53,429
Taxation and social security 1,495 183
76,234 53,612
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 5 5
Page 3