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REGISTERED NUMBER: 11801107 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

RICCAL HOLDINGS LIMITED

RICCAL HOLDINGS LIMITED (REGISTERED NUMBER: 11801107)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RICCAL HOLDINGS LIMITED

COMPANY INFORMATION
for the year ended 28 February 2023







DIRECTORS: P H E O'Loughlin
Mrs E J O'Loughlin





REGISTERED OFFICE: 1 Church Street
Kirkbymoorside
North Yorkshire
YO62 6AZ





REGISTERED NUMBER: 11801107 (England and Wales)

RICCAL HOLDINGS LIMITED (REGISTERED NUMBER: 11801107)

STATEMENT OF FINANCIAL POSITION
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,509,353 1,601,168

CURRENT ASSETS
Debtors 5 268 55,030
Cash at bank 63,528 18,967
63,796 73,997
CREDITORS
Amounts falling due within one year 6 1,177,401 1,353,537
NET CURRENT LIABILITIES (1,113,605 ) (1,279,540 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

395,748

321,628

ACCRUALS AND DEFERRED INCOME 3,000 2,000
NET ASSETS 392,748 319,628

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 392,548 319,428
392,748 319,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

RICCAL HOLDINGS LIMITED (REGISTERED NUMBER: 11801107)

STATEMENT OF FINANCIAL POSITION - continued
28 February 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 Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





P H E O'Loughlin - Director


RICCAL HOLDINGS LIMITED (REGISTERED NUMBER: 11801107)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023


1. STATUTORY INFORMATION

Riccal Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

RICCAL HOLDINGS LIMITED (REGISTERED NUMBER: 11801107)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments are listed investments held at fair value. The gain/(loss) on revaluation is recognised through the Income Statement. Investments listed on a recognised stock exchange are valued at the mid-market value at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2022 1,601,168
Additions 595,318
Disposals (698,368 )
Revaluations 10,523
Exchange differences 712
At 28 February 2023 1,509,353
NET BOOK VALUE
At 28 February 2023 1,509,353
At 28 February 2022 1,601,168

Cost or valuation at 28 February 2023 is represented by:

Other
investments
£   
Valuation in 2023 1,509,353

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 268 55,030

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1
Taxation and social security 11,671 20,561
Other creditors 1,165,730 1,332,975
1,177,401 1,353,537