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REGISTERED NUMBER: 05397159 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

RICHARD JAMES ESTATE AGENTS
(IRTHLINGBOROUGH) LIMITED

RICHARD JAMES ESTATE AGENTS
(IRTHLINGBOROUGH) LIMITED (REGISTERED NUMBER: 05397159)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RICHARD JAMES ESTATE AGENTS
(IRTHLINGBOROUGH) LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: R A Fowler
J Rota
M C Taylor





REGISTERED OFFICE: 1 Rushmills
Northampton
Northamptonshire
NN4 7YB





REGISTERED NUMBER: 05397159 (England and Wales)





ACCOUNTANTS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

RICHARD JAMES ESTATE AGENTS
(IRTHLINGBOROUGH) LIMITED (REGISTERED NUMBER: 05397159)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,726 3,659

CURRENT ASSETS
Debtors 5 9,667 17,113
Cash at bank 105,492 146,466
115,159 163,579
CREDITORS
Amounts falling due within one year 6 33,435 55,082
NET CURRENT ASSETS 81,724 108,497
TOTAL ASSETS LESS CURRENT LIABILITIES 84,450 112,156

PROVISIONS FOR LIABILITIES 521 696
NET ASSETS 83,929 111,460

CAPITAL AND RESERVES
Called up share capital 7 1,001 1,001
Retained earnings 82,928 110,459
SHAREHOLDERS' FUNDS 83,929 111,460

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:



R A Fowler - Director


RICHARD JAMES ESTATE AGENTS
(IRTHLINGBOROUGH) LIMITED (REGISTERED NUMBER: 05397159)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Richard James Estate Agents (Irthlingborough) 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Office equipment - 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

RICHARD JAMES ESTATE AGENTS
(IRTHLINGBOROUGH) LIMITED (REGISTERED NUMBER: 05397159)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 3,366 6,379 24,099 33,844
DEPRECIATION
At 1 April 2022 3,366 6,196 20,623 30,185
Charge for year - 53 880 933
At 31 March 2023 3,366 6,249 21,503 31,118
NET BOOK VALUE
At 31 March 2023 - 130 2,596 2,726
At 31 March 2022 - 183 3,476 3,659

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,246 12,752
Amounts owed by participating interests 528 1,676
Prepayments 2,893 2,685
9,667 17,113

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,950 5,083
Amounts owed to participating interests 696 -
Corporation tax 9,318 30,954
Social security and other taxes 2,021 1,601
VAT 14,506 15,562
Other creditors 452 390
Directors' current accounts 1,492 1,492
33,435 55,082

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000
1 'A' Ordinary £1 1 1
1,001 1,001