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REGISTERED NUMBER: 08344173 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

RICHLAND PROPERTY LTD

RICHLAND PROPERTY LTD (REGISTERED NUMBER: 08344173)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


RICHLAND PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: N R Swales





REGISTERED OFFICE: Monkshood Welton Wold View
Swanland
North Ferriby
North Humberside
HU14 3PX





REGISTERED NUMBER: 08344173 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

RICHLAND PROPERTY LTD (REGISTERED NUMBER: 08344173)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 500,425 461,162

CURRENT ASSETS
Debtors 5 - 1,475
Cash at bank 5,729 23,971
5,729 25,446
CREDITORS
Amounts falling due within one year 6 206,157 197,954
NET CURRENT LIABILITIES (200,428 ) (172,508 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,997

288,654

CREDITORS
Amounts falling due after more than
one year

7

(223,326

)

(223,326

)

PROVISIONS FOR LIABILITIES (16,654 ) (16,654 )
NET ASSETS 60,017 48,674

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 70,998 70,998
Retained earnings (10,982 ) (22,325 )
SHAREHOLDERS' FUNDS 60,017 48,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

RICHLAND PROPERTY LTD (REGISTERED NUMBER: 08344173)

BALANCE SHEET - continued
31 JANUARY 2023


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 26 October 2023 and were signed by:





N R Swales - Director


RICHLAND PROPERTY LTD (REGISTERED NUMBER: 08344173)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Richland Property Ltd 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
Turnover 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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2022 - 1 ) .

RICHLAND PROPERTY LTD (REGISTERED NUMBER: 08344173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 February 2022 461,162 - 461,162
Additions 39,263 61,940 101,203
Disposals (61,940 ) - (61,940 )
At 31 January 2023 438,485 61,940 500,425
NET BOOK VALUE
At 31 January 2023 438,485 61,940 500,425
At 31 January 2022 461,162 - 461,162

Cost or valuation at 31 January 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 39,080 - 39,080
Valuation in 2021 14,721 - 14,721
Valuation in 2022 33,851 - 33,851
Cost 350,833 61,940 412,773
438,485 61,940 500,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 1,475

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1
Other creditors 206,157 197,953
206,157 197,954

RICHLAND PROPERTY LTD (REGISTERED NUMBER: 08344173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 223,326 223,326

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 223,326 223,326

8. RESERVES
Revaluation
reserve
£   
At 1 February 2022
and 31 January 2023 70,998