Registered number
03312984
Richmond House Group Ltd
Unaudited Filleted Accounts
30 June 2023
Richmond House Group Ltd
Registered number: 03312984
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Investments 4 979,909 979,909
Creditors: amounts falling due within one year 5 (247,205) (247,205)
Net current liabilities (247,205) (247,205)
Net assets 732,704 732,704
Capital and reserves
Called up share capital 691,608 691,608
Share premium 13,604 13,604
Capital redemption reserve 26,416 26,416
Profit and loss account 1,076 1,076
Shareholders' funds 732,704 732,704
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lesley Smith
Director
Approved by the board on 16 February 2024
Richmond House Group Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2022 1,148,555
At 30 June 2023 1,148,555
Amortisation
At 1 July 2022 1,148,555
At 30 June 2023 1,148,555
Net book value
At 30 June 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 13 years.
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 July 2022 979,909
At 30 June 2023 979,909
At 30 June 2023 the aggregate of the share capital and reserves of Richmond House Insurance Brokers Limited amounted to £738,481 (2022: £566,646) and the profit for the year to that date was £274,685 (2022: £217,304).
5 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to Richmond House Insurance Brokers Ltd (the wholly owned subsidiary) 247,205 247,205
The intercompany balance is repayable on demand.
6 Controlling party
The ultimate controlling party is a director, A E Sykes, who holds 63% of the issued ordinary share capital.
7 Other information
Richmond House Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rear Office of Manor House
21 High Street
Baldock
Hertfordshire
SG7 6AZ
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