RICO HOUSE LTD - Filleted accounts

Registered number

05471776

RICO HOUSE LTD

Filleted Accounts

30 June 2025

RICO HOUSE LTD
Registered number:		05471776
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,899,415			1,905,321

Current assets
Debtors	4	436,738			357,273
Cash at bank and in hand		797			12,239
		437,535			369,512

Creditors: amounts falling due within one year	5	(801,402)			(781,449)

Net current liabilities			(363,867)			(411,937)

Total assets less current liabilities			1,535,548			1,493,384

Creditors: amounts falling due after more than one year	6		(1,243,335)			(1,243,335)



Net assets			292,213			250,049

Capital and reserves
Called up share capital			1			1
Profit and loss account			292,212			250,048

Shareholder's funds			292,213			250,049

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Robert Issler
Director
Approved by the board on 17 July 2026

RICO HOUSE LTD
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 July 2024	1,878,445		66,480		1,944,925
	At 30 June 2025	1,878,445		66,480		1,944,925

	Depreciation
	At 1 July 2024	-		39,604		39,604
	Charge for the year	-		5,906		5,906
	At 30 June 2025	-		45,510		45,510

	Net book value
	At 30 June 2025	1,878,445		20,970		1,899,415
	At 30 June 2024	1,878,445		26,876		1,905,321


4	Debtors			2025		2024
£					£

	Trade debtors			196,588		137,123
	Other debtors			240,150		220,150
				436,738		357,273


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			30,069		30,069
	Taxation and social security costs			123,995		94,022
	Other creditors			647,338		657,358
				801,402		781,449


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			1,243,335		1,243,335


7	Other information

	RICO HOUSE LTD is a private company limited by shares and incorporated in England. Its registered office is:

	Rico House
	George Street
	Prestwich
	M25 9WS