Rigco Property Holding Limited Filleted accounts for Companies House (small and micro)

RIGCO PROPERTY HOLDING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 12306156

Rigco Property Holding Limited

Filleted Unaudited Financial Statements

31 August 2022

Rigco Property Holding Limited

Statement of Financial Position

31 August 2022

	2022	2021
Note	£	£

Fixed assets

Investments	4	424	424

Current assets

Cash at bank and in hand	1	1

Creditors: amounts falling due within one year	5	424	424
		----	----
Net current liabilities		423	423
		----	----
Total assets less current liabilities		1	1
		----	----

Capital and reserves

Called up share capital	1	1
	----	----
Shareholders funds	1	1
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 5 September 2023 , and are signed on behalf of the board by:

Mr L Heer
Director

Company registration number: 12306156

Rigco Property Holding Limited

Notes to the Financial Statements

Year ended 31 August 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Investments

	Shares in group undertakings	Shares in participating interests	Total
	£	£	£
Cost
At 1 September 2021 and 31 August 2022	391	33	424
	----	----	----
Impairment
At 1 September 2021 and 31 August 2022	–	–	–
	----	----	----

Carrying amount
At 31 August 2022	391	33	424
	----	----	----
At 31 August 2021	391	33	424
	----	----	----

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Other creditors	424	424
	----	----