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RIGS PROPERTIES LTD

Registered Number
14532801
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2025

RIGS PROPERTIES LTD
Company Information
for the year from 1 January 2025 to 31 December 2025

Directors | SELVANATHAR, Rachel Dianka
| SELVANATHAR, Zita Irene

Registered Address | 7 Link Lane
| Wallington
| SM6 9EA

Registered Number | 14532801 (England and Wales)

RIGS PROPERTIES LTD
Statement of Financial Position
31 December 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 394 |  |  |  | 787
Investment property | 4 |  |  | 956,981 |  |  |  | 466,481
|  |  |  | 957,375 |  |  |  | 467,268
Current assets |  |  |  |  |  |  |  |
Cash at bank and on hand |  | 4,552 |  |  |  | 14,164 |  |
|  | 4,552 |  |  |  | 14,164 |  |
Creditors amounts falling due within one year | 5 | (459,631) |  |  |  | (269,616) |  |
Net current assets (liabilities) |  |  |  | (455,079) |  |  |  | (255,452)
Total assets less current liabilities |  |  |  | 502,296 |  |  |  | 211,816
Creditors amounts falling due after one year | 6 |  |  | (613,047) |  |  |  | (263,119)
Net assets |  |  |  | (110,751) |  |  |  | (51,303)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 2 |  |  |  | 2
Profit and loss account |  |  |  | (110,753) |  |  |  | (51,305)
Shareholders' funds |  |  |  | (110,751) |  |  |  | (51,303)

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 18 May 2026, and are signed on its behalf by:
SELVANATHAR, Rachel Dianka Director
SELVANATHAR, Zita Irene Director Registered Company No. 14532801

RIGS PROPERTIES LTD
Notes to the Financial Statements
for the year ended 31 December 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Going concern
--- | ---
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

| Turnover policy
--- | ---
| 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 rental services.

| Current taxation
--- | ---
| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

| Investment property
--- | ---
| The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis. Investment properties, which comprises properties held for rental, are revalue annually and aggregate surplus or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the profit and loss account. No provision is made for depreciation of investment properties. This is a departure from the requirement of the Regulations, which require all properties to be depreciated, is in the opinion of the Director, necessary for financial statement to show a true and fair view in accordance with applicable accounting standards. If this departure had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 0 |  | 0

3. | Tangible fixed assets
--- | ---

|  | Office Equipment |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 January 25 | 1,181 |  | 1,181
| At 31 December 25 | 1,181 |  | 1,181
| Depreciation and impairment
| At 01 January 25 | 394 |  | 394
| Charge for year | 393 |  | 393
| At 31 December 25 | 787 |  | 787
| Net book value
| At 31 December 25 | 394 |  | 394
| At 31 December 24 | 787 |  | 787

4. | Investment property
--- | ---
| The bank has a legal charge over the investment property of the company.

|  | £
| Fair value at 01 January 25 | 466,481
| Additions | 490,500
| At 31 December 25 | 956,981

5. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 7,750 |  | 7,000
| Other creditors | 451,081 |  | 261,816
| Accrued liabilities and deferred income | 800 |  | 800
| Total | 459,631 |  | 269,616

| Included in other creditors is amount owe to the directors.

6. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 613,047 |  | 263,119
| Total | 613,047 |  | 263,119

7. | Controlling party
--- | ---
| During the current period, the company was control by the directors, Zita Selvanathar and Rachel Selvanathar by virtue of ownership of the entire share capital.