Registration number: 01891094

Russ Rigby Motor Company Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

Russ Rigby Motor Company Limited

(Registration number: 01891094)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	200,000	200,000
Current assets
Cash at bank and in hand		633	639
Creditors: Amounts falling due within one year	5	(2,220)	(8,336)
Net current liabilities		(1,587)	(7,697)
Total assets less current liabilities		198,413	192,303
Creditors: Amounts falling due after more than one year	5	(39,108)	(52,108)
Net assets		159,305	140,195
Capital and reserves
Called up share capital		2	2
Other reserves		132,231	132,231
Retained earnings		27,072	7,962
Shareholders' funds		159,305	140,195

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Russ Rigby Motor Company Limited

(Registration number: 01891094)
Balance Sheet as at 28 February 2025

Approved and authorised by the Board on 29 October 2025 and signed on its behalf by:
 

......................................... Mr Alexander John Rigby Director

Russ Rigby Motor Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
246 Mossy Lea Road
Wrightington
Wigan
Lancashire
WN6 9RL

These financial statements were authorised for issue by the Board on 29 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover represents the invoice value of rental income receivable net of VAT. It is recognised in accordance with the lease in place with the tenants.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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 taxable income.

Russ Rigby Motor Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Depreciation

There has been no depreciation within the year as there are no assets liable to be depreciated.

Asset class	Depreciation method and rate
Investment property	Not depreciated

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. The directors have deemed that the value of the investment property is included in line with its current market value

Borrowings

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Investment properties

	2025 £
At 1 March	200,000
At 28 February	200,000

The investment property was revalued in 2015. The directors consider that the carrying amount is equivalent to the property's market value at the year end.

Russ Rigby Motor Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	1,184	-
Accruals and deferred income	591	449
Other creditors	445	7,887
	2,220	8,336

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	6	39,108	52,108

6	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	39,108	52,108