Company No:
Contents
| DIRECTOR | S S A Bentley |
| REGISTERED OFFICE | Unit 3e Springfield Industrial Estate Samuel Street |
| Failsworth | |
| Manchester | |
| M35 0GA | |
| United Kingdom |
| COMPANY NUMBER | 12589947 (England and Wales) |
| ACCOUNTANT | S&W Partners (Manchester) Limited |
| Pall Mall | |
| 1 Pollen Square | |
| 59 King Street | |
| Manchester | |
| M2 4PD |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investment property | 3 |
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| Investments | 4 |
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| 1,513,936 | 656,616 | |||
| Current assets | ||||
| Debtors | 5 |
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| Investments | 6 |
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| Cash at bank and in hand |
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| 1,148,437 | 930,528 | |||
| Creditors: amounts falling due within one year | 7 | (
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| Net current (liabilities)/assets | (32,752) | 734,277 | ||
| Total assets less current liabilities | 1,481,184 | 1,390,893 | ||
| Provision for liabilities | 8 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 9 |
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| Profit and loss account |
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| Total shareholders' funds |
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Director's responsibilities:
The financial statements of Rigg Tech Group Limited (registered number:
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S S A Bentley
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Rigg Tech Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 3e Springfield Industrial Estate Samuel Street, Failsworth, Manchester, M35 0GA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.
Rentals paid under operating leases are charges to profit or loss on a straight-line basis over the period of the lease.
Investment in subsidiary undertakings are recognised at cost. Other fixed asset investments are shown at cost or valuation less any impairment in value.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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| Investment property | |
| £ | |
| Valuation | |
| As at 01 November 2024 |
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| Additions | 857,320 |
| As at 31 October 2025 |
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Historic cost
If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:
| 2025 | 2024 | ||
| £ | £ | ||
| Historic cost | 1,513,917 | 656,957 |
The historic cost of the investment property is, in the opinion of the director, equal to the open market valuation.
Investments in subsidiaries
| 2025 | |
| £ | |
| Cost | |
| At 01 November 2024 |
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| At 31 October 2025 |
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| Carrying value at 31 October 2025 |
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| Carrying value at 31 October 2024 |
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| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed by Group undertakings |
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| Other debtors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Other investments – at cost less impairment |
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| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors |
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| Amounts owed to Group undertakings |
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| Taxation and social security |
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| Other creditors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Deferred tax |
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| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| 140 | 140 |