Ric Developments Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13929762

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,624,341		1,624,341

			1,624,341		1,624,341
CURRENT ASSETS
Cash at bank and in hand		1		1

		1		1
Creditors: Amounts Falling Due Within One Year	5	(33,896 )		(1,950 )

NET CURRENT ASSETS (LIABILITIES)			(33,895 )		(1,949 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,590,446		1,622,392

Creditors: Amounts Falling Due After More Than One Year	6		(1,624,341 )		(1,624,341 )

NET LIABILITIES			(33,895 )		(1,949 )

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			(33,896 )		(1,950 )

SHAREHOLDERS' FUNDS			(33,895)		(1,949)

Page 1

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Ric Developments Ltd

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Ranbir Rai - Watson

Director

1 September 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Ric Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13929762 . The registered office is 16 The Courtyard Gorsey Lane, Coleshill, Birmingham, B46 1JA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Land and buildings were aquired for 1.6 million but the market value of the properties may be lower.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: )

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 29 February 2024	1,624,341

As at 28 February 2025	1,624,341

Net Book Value
As at 28 February 2025	1,624,341

As at 29 February 2024	1,624,341

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other loans	(20,005 )	-
Other creditors	53,901	1,950

	33,896	1,950

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,624,341	965,874
Other loans	-	658,467

	1,624,341	1,624,341

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Ric Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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