Ria Homes Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06002960 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

RIA HOMES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A M Georgiou

REGISTERED OFFICE:

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

REGISTERED NUMBER:

06002960 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Property, plant and equipment

4

9,686,106

9,002,014

CURRENT ASSETS

Debtors

5

658,014

274,543

Cash at bank

511,160

11,630

1,169,174

286,173

CREDITORS

Amounts falling due within one year

6

89,652

50,667

NET CURRENT ASSETS

1,079,522

235,506

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,765,628

9,237,520

CREDITORS

Amounts falling due after more than one
year

7

(5,902,532

)

(4,373,537

)

PROVISIONS FOR LIABILITIES

8

(751,639

)

(751,639

)

NET ASSETS

4,111,457

4,112,344

CAPITAL AND RESERVES

Called up share capital

9

100

Special reserve

3,467,326

Retained earnings

644,031

644,918

SHAREHOLDERS' FUNDS

4,111,457

4,112,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2025 and were signed by:

Mr A M Georgiou - Director

1.	STATUTORY INFORMATION

Ria Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Freehold

Plant and

property

machinery

Totals

£

Cost or valuation

At 1 December 2023

9,002,000

1,019

9,003,019

Additions

684,096

-

684,096

At 30 November 2024

9,686,096

1,019

9,687,115

Depreciation

At 1 December 2023

-

1,005

Charge for year

-

4

At 30 November 2024

-

1,009

Net book value

At 30 November 2024

9,686,096

10

9,686,106

At 30 November 2023

9,002,000

14

9,002,014

Cost or valuation at 30 November 2024 is represented by:

Freehold

Plant and

property

machinery

Totals

£

Valuation in 2016

1,283,666

-

1,283,666

Valuation in 2017

574,000

-

574,000

Valuation in 2023

2,361,300

-

2,361,300

Cost

5,467,130

1,019

5,468,149

9,686,096

1,019

9,687,115

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by associates

654,777

274,543

Other debtors

3,237

-

658,014

274,543

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

7,250

9,067

Taxation and social security

22,984

22,087

Other creditors

59,418

19,513

89,652

50,667

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

5,902,532

4,373,537

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

751,639

Deferred

tax

£

Balance at 1 December 2023

751,639

Balance at 30 November 2024

751,639

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

50

Ordinary

£1

50

25

Ordinary A

£1

25

Ordinary B

£1

25

100