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REGISTERED NUMBER: OC366389 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

FOR

RICHARDS FAMILY INVESTMENTS LLP

RICHARDS FAMILY INVESTMENTS LLP (REGISTERED NUMBER: OC366389)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022










Page

Balance Sheet 1

Notes to the Financial Statements 3


RICHARDS FAMILY INVESTMENTS LLP (REGISTERED NUMBER: OC366389)

BALANCE SHEET
5 APRIL 2022

5.4.22 5.4.21
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,800,000 2,800,000
Investment property 5 120,000 120,000
2,920,000 2,920,000

CURRENT ASSETS
Debtors 6 1,032 -
Cash at bank 22,310 22,336
23,342 22,336
CREDITORS
Amounts falling due within one year 7 3,200 2,970
NET CURRENT ASSETS 20,142 19,366
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,940,142

2,939,366

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

131,744

123,938

MEMBERS' OTHER INTERESTS
Capital accounts 2,808,398 2,815,428
2,940,142 2,939,366

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 131,744 123,938
Members' other interests 2,808,398 2,815,428
2,940,142 2,939,366

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 5 April 2022.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

RICHARDS FAMILY INVESTMENTS LLP (REGISTERED NUMBER: OC366389)

BALANCE SHEET - continued
5 APRIL 2022


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2 August 2022 and were signed by:





G A Richards - Designated member

RICHARDS FAMILY INVESTMENTS LLP (REGISTERED NUMBER: OC366389)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022


1. STATUTORY INFORMATION

Richards Family Investment LLP is registered in England and Wales, registration number OC366389. The
registered office is Broughton House, Hollies Hill, Belbroughton, Stourbridge, West Midlands, DY9 9TS.

The financial statements are presented in sterling , which is the functional currency of the LLP.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment properties are included in the balance sheet at fair value. Gains are recognized in the profit and loss
account.

Shares in group undertakings and participating interests
Investments in group undertakings are recognised at cost

3. EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2021 - 5 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 6 April 2021
and 5 April 2022 2,800,000
NET BOOK VALUE
At 5 April 2022 2,800,000
At 5 April 2021 2,800,000

Cost or valuation at 5 April 2022 is represented by:

Shares in
group
undertakings
£   
Valuation in 2020 (2,000,000 )
Cost 4,800,000
2,800,000

RICHARDS FAMILY INVESTMENTS LLP (REGISTERED NUMBER: OC366389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2021
and 5 April 2022 120,000
NET BOOK VALUE
At 5 April 2022 120,000
At 5 April 2021 120,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.22 5.4.21
£    £   
Other debtors 1,032 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.22 5.4.21
£    £   
Other creditors 3,200 2,970

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with other creditors.