ACCOUNTS - Final Accounts preparation

Company registration number: 00457170

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	RISEDEN LIMITED


RISEDEN LIMITED

COMPANY INFORMATION

Directors	Mrs S J Stillabower
	Mr E T Keil
	Mr M J MacAdam


Company secretary	Mrs W E MacAdam


Registered number	00457170


Registered office	Ketton Dene
	Guildford Road
	Deepcut
	Surrey
	GU16 6RJ


Accountants	Menzies LLP
	Chartered Accountants
	Victoria House
	50-58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


Bankers	Svenska Handelsbanken AB
	Andrews House
	College Road
	Guildford
	Surrey
	GU1 4RG


Solicitors	TWM Solicitors LLP
	65 Woodbridge Road
	Guildford
	Surrey
	Guildford
	GU1 4RD


RISEDEN LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 8


RISEDEN LIMITED REGISTERED NUMBER:00457170

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		7,219,181		9,292,676
Investments	5		61,078		61,075
			7,280,259		9,353,751
Current assets
Debtors: amounts falling due within one year	6	2,534,928		5,324,402
Cash at bank and in hand		1,889,147		432,078
		4,424,075		5,756,480
Creditors: amounts falling due within one year	7	(2,463,029)		(3,636,279)
Net current assets			1,961,046		2,120,201
Total assets less current liabilities			9,241,305		11,473,952
Creditors: amounts falling due after more than one year	8		(21,992)		(2,291,428)
Provisions for liabilities
Deferred tax		(134,460)		(13,614)
			(134,460)		(13,614)
Net assets			9,084,853		9,168,910

Capital and reserves
Called up share capital	169,182	169,182
Share premium account	2,301,201	2,301,201
Capital redemption reserve	64,639	64,639
Profit and loss account	6,549,831	6,633,888
	9,084,853	9,168,910

Page 1


RISEDEN LIMITED REGISTERED NUMBER:00457170

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Mr M J MacAdam

Director

Date: 6 November 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2


RISEDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Riseden Limited is a private company limited by shares registered in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption from preparing consolidated accounts.

2.3

Turnover

Turnover comprises rental income and service charges receivable in the year, dilapidation settlements and other services included at the invoiced value (excluding VAT where recoverable) of goods and services supplied in the year.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

The estimated useful lives range as follows:

Plant and machinery	-	over 5 or 10 years straight line method
Motor vehicles	-	25% reducing balance method
Office equipment	-	over 5 or 10 years straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3


RISEDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investment in ordinary shares.

2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4


RISEDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.11

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 5).

Page 5


RISEDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Investment property	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2024	9,275,000	11,630	-	73,736	9,360,366
Additions	-	671	49,610	329	50,610
Disposals	(1,830,000)	-	-	(1,077)	(1,831,077)
Revaluations	(287,500)	-	-	-	(287,500)
At 31 March 2025	7,157,500	12,301	49,610	72,988	7,292,399
Depreciation
At 1 April 2024	-	2,326	-	65,364	67,690
Charge for the year on owned assets	-	1,174	3,101	2,330	6,605
Disposals	-	-	-	(1,077)	(1,077)
At 31 March 2025	-	3,500	3,101	66,617	73,218
Net book value
At 31 March 2025	7,157,500	8,801	46,509	6,371	7,219,181
At 31 March 2024	9,275,000	9,304	-	8,372	9,292,676

5.	Fixed asset investments

	Investments in subsidiary companies	Unlisted investments	Total
	£	£	£
Cost or valuation
At 1 April 2024	100	60,975	61,075
Additions	5	-	5
Disposals	(2)	-	(2)
At 31 March 2025	103	60,975	61,078

Page 6


RISEDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	32,485	29,408
Amounts owed by group undertakings	1,440,359	1,069,750
Other debtors	1,045,117	4,212,949
Prepayments and accrued income	7,145	2,473
Tax recoverable	9,822	9,822
	2,534,928	5,324,402

Included within other debtors are amounts totalling £64,866 (2024 - £118,514) falling due after more than one year. The tax recoverable balance of £9,822 (2024 - £9,822) also falls due after more than one year.

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	1,600,000	3,000,000
Other loans	603	222,376
Trade creditors	615	485
Amounts owed to group undertakings	5	-
Corporation tax	74,000	133,566
Other taxation and social security	629,641	56,901
Other creditors	14,940	18,584
Accruals and deferred income	143,225	204,367
	2,463,029	3,636,279

The bank loans of £1,600,000 falling due within one year (2024 - £3,000,000) are secured via a fixed charge and negative pledge over the investment property owned by both the company and its wholly owned subsidiary.

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	-	2,270,000
Other loans	21,992	21,428
	21,992	2,291,428

Page 7


RISEDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	Related party transactions
	Included in other debtors is an interest free loan of £55,101 (2024 - £29,102) which has been provided to one of the shareholders. There are no formal terms for repayment.

10.	Post balance sheet events

Post year end in April 2025, the loan facilities were renewed with repayments to be made in full on the following maturity dates:
£600,000 - 5 years from the date the new loan facility was made available
£1,000,000 - 5 years from the date the new loan facility was made available

Page 8