Company Registration No. 01192482 (England and Wales)
R. D. Richards and Company (Maidenhead) Limited
Unaudited financial statements
For the year ended 28 February 2023
Pages for filing with registrar
R. D. RICHARDS AND COMPANY (MAIDENHEAD) LIMITED
R. D. Richards and Company (Maidenhead) Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
R. D. RICHARDS AND COMPANY (MAIDENHEAD) LIMITED
R. D. Richards and Company (Maidenhead) Limited
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
4
700
700
Current assets
Debtors
6
301,165
284,962
Cash at bank and in hand
5,054
25,679
306,219
310,641
Creditors: amounts falling due within one year
7
(1,500)
(4,225)
Net current assets
304,719
306,416
Total assets less current liabilities
305,419
307,116
Capital and reserves
Called up share capital
8
4,540
4,540
Share premium account
148,840
148,840
Profit and loss reserves
152,039
153,736
Total equity
305,419
307,116
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 9 November 2023 and are signed on its behalf by:
S A Hughes
Director
Company Registration No. 01192482
R. D. RICHARDS AND COMPANY (MAIDENHEAD) LIMITED
R. D. Richards and Company (Maidenhead) Limited
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023
28 February 2023
- 2 -
1
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2
Accounting policies
Company information
R. D. Richards and Company (Maidenhead) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.
2.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
2.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
2.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.
2.4
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
R. D. RICHARDS AND COMPANY (MAIDENHEAD) LIMITED
R. D. Richards and Company (Maidenhead) Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
700
700
5
Subsidiaries
Details of the company's subsidiaries at 28 February 2023 are as follows:
Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Indirect
The Mill at Sonning (Theatre) Limited
England and Wales
Theatre and restaurant owners
Ordinary
100
-
Waterwheel Enterprises Limited
England and Wales
Property investment
Ordinary
100
-
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
276,348
284,962
Other debtors
24,817
301,165
284,962
7
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
225
Other creditors
1,500
4,000
1,500
4,225
8
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
53 Ordinary A Voting of £1 each
53
53
4,487 Ordinary B Non-Voting of £1 each
4,487
4,487
4,540
4,540