JMP Rigden Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14038075

JMP Rigden Properties Limited

Filleted Unaudited Financial Statements

30 April 2025

JMP Rigden Properties Limited

Statement of Financial Position

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	399,264	401,525

Current assets

Debtors	6	–	252
Cash at bank and in hand		9,435	1,720
		-------	-------
		9,435	1,972

Creditors: amounts falling due within one year	7	4,981	1,586
		-------	-------
Net current assets		4,454	386
		---------	---------
Total assets less current liabilities		403,718	401,911

Creditors: amounts falling due after more than one year	8	404,698	405,198
		---------	---------
Net liabilities		( 980)	( 3,287)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 1,080)	( 3,387)
	-------	-------
Shareholder deficit	( 980)	( 3,287)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

JMP Rigden Properties Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

M K Rigden
Director

Company registration number: 14038075

JMP Rigden Properties Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 159a Chase Side, Enfield, Middlesex, EN2 0PW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Turnover

Turnover represents income receivable during the year from furnished holiday lettings and is stated net of value added tax.

Tangible fixed asssets and depreciation

Investment properties are included in the balance sheet at their open market value at the balance sheet date. Changes in market value are taken through the profit and loss account to the investment revaluation reserve. Depreciation is not provided on investment properties. This treatment is a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However, the properties are held for investment purposes and the director considers that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the accounts to give a true and fair view. Other tangible fixed assets are included in the balance sheet at cost less a provision for accumulated depreciation. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Landlord's furniture and equipment - 25% on reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Long leasehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 May 2024 and 30 April 2025	392,480	9,648	402,128
	---------	-------	---------
Depreciation
At 1 May 2024	–	603	603
Charge for the year	–	2,261	2,261
	---------	-------	---------
At 30 April 2025	–	2,864	2,864
	---------	-------	---------
Carrying amount
At 30 April 2025	392,480	6,784	399,264
	---------	-------	---------
At 30 April 2024	392,480	9,045	401,525
	---------	-------	---------

The company's long leasehold investment property has been valued by the director at the balance sheet date. The book value of the property stated on the historical cost basis amounted to £392,480 (2024 - £392,480).

6. Debtors

	2025	2024
	£	£
Trade debtors	–	252
	----	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	4,981	1,586
	-------	-------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	208,575	208,575
Other loan	116,425	116,425
Director's loan ( M K Rigden)	79,698	80,198
	---------	---------
	404,698	405,198
	---------	---------