Company Registration No. 03668728 (England and Wales)
Rico (UK) Ltd
Unaudited accounts
for the year ended 30 November 2025
Rico (UK) Ltd
Company Information
for the year ended 30 November 2025
Company Number
03668728 (England and Wales)
Registered Office
3 KENT GREEN CLOSE
HOCKLEY
ESSEX
SS5 4ED
Accountants
Blenheim Accountants
Suite 24 Jupiter Business Centre
Paycocke Road
Basildon
Essex
SS14 3HX
Rico (UK) Ltd
Statement of financial position
as at 30 November 2025
Tangible assets
1,741,579
1,742,105
Cash at bank and in hand
207
20,637
Creditors: amounts falling due within one year
(516,287)
(109,498)
Net current assets
266,498
423,865
Total assets less current liabilities
2,008,077
2,165,970
Creditors: amounts falling due after more than one year
(932,744)
(983,492)
Provisions for liabilities
Deferred tax
(178,275)
(178,375)
Net assets
897,058
1,004,103
Called up share capital
2,100
2,100
Revaluation reserve
758,734
758,734
Profit and loss account
136,224
243,269
Shareholders' funds
897,058
1,004,103
For the year ending 30 November 2025 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 April 2026 and were signed on its behalf by
Sagheer Riaz
Director
Company Registration No. 03668728
Rico (UK) Ltd
Notes to the Accounts
for the year ended 30 November 2025
Rico (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 03668728. The registered office is 3 KENT GREEN CLOSE, HOCKLEY, ESSEX, SS5 4ED.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation is charged
Plant & machinery
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Rico (UK) Ltd
Notes to the Accounts
for the year ended 30 November 2025
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Capital redemption reserve
The capital redemption reserve is a non-distributable reserve as a result of property valuations.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 December 2024
1,740,000
4,865
1,744,865
At 30 November 2025
1,740,000
4,865
1,744,865
At 1 December 2024
-
2,760
2,760
Charge for the year
-
526
526
At 30 November 2025
-
3,286
3,286
At 30 November 2025
1,740,000
1,579
1,741,579
At 30 November 2024
1,740,000
2,105
1,742,105
Included within the net book value of land and buildings above is £1,740,000 (2024 - £1,740,000) in respect of freehold land and buildings.
The fair value of the company's Land & Building was revalued on 30 November 2025 by an independent valuer.
Based on current market value of similar properties. The name and qualification of the independent valuer are Gilbert & Rose.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £803,291
Rico (UK) Ltd
Notes to the Accounts
for the year ended 30 November 2025
Amounts falling due within one year
Amounts due from group undertakings etc.
775,012
511,399
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
(6,672)
Loans from directors
98,662
109,837
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
932,744
536,992
Allotted, called up and fully paid:
1,000 Ordinary A Shares of £1 each
1,000
1,000
1,000 Ordinary B Shares of £1 each
1,000
1,000
100 Ordinary C Shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loans made to the company
105,625
-
7,764
97,861
Rico (UK) Ltd
Notes to the Accounts
for the year ended 30 November 2025
11
Transactions with related parties
LOANS OWED BY RELATED PARTIES:
At the year end, the following companies had loans due to Rico (UK) Ltd:
These companies are related companies controlled by Mr Sagheer Riaz:
Mini Meadow Ltd £537,297 (2024: £261,846)
Rico 331 FZ-LLC £237,715 (2024: £125,818)
These are interest free loans.
LOANS OWED TO RELATED PARTIES:
At the year end, the following companies had loans owed to Rico (UK) Ltd:
These companies are related companies controlled by Mr Sagheer Riaz:
Hedgehog Development (Rayleigh) Limited £410,875 (2024: £446,500)
Rico Group (UK) Ltd £6,500 (2024: £0)
These are interest free loans.
12
Average number of employees
During the year the average number of employees was 1 (2024: 1).