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REGISTERED NUMBER: 04381171 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

RICHARD JAMES HOMES LIMITED

RICHARD JAMES HOMES LIMITED (REGISTERED NUMBER: 04381171)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICHARD JAMES HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: R J Clubley
Mrs J Clubley





SECRETARY: Mrs J Clubley





REGISTERED OFFICE: Unit 1 Rise Lane
Catwick
Beverley
East Yorkshire
HU17 5PL





REGISTERED NUMBER: 04381171 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

RICHARD JAMES HOMES LIMITED (REGISTERED NUMBER: 04381171)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,728 69,703

CURRENT ASSETS
Stocks 954,578 690,444
Debtors 5 18,251 23,126
Cash at bank 44,227 103,902
1,017,056 817,472
CREDITORS
Amounts falling due within one year 6 486,740 167,041
NET CURRENT ASSETS 530,316 650,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

578,044

720,134

PROVISIONS FOR LIABILITIES 9,070 13,244
NET ASSETS 568,974 706,890

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 568,874 706,790
SHAREHOLDERS' FUNDS 568,974 706,890

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

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

RICHARD JAMES HOMES LIMITED (REGISTERED NUMBER: 04381171)

BALANCE SHEET - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:




R J Clubley - Director



Mrs J Clubley - Director


RICHARD JAMES HOMES LIMITED (REGISTERED NUMBER: 04381171)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Richard James Homes Limited is a private company, limited by shares, registered in England. The company's registered number is 04381171 and has its registered office at Unit 1 Rise Lane, Catwick, Beverley, East Yorkshire, HU17 5PL.

The financial statements are presented in Sterling, which is the functional currency of the company and cover the individual entity only.

The principal activity of the company is building and construction.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 15% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Work in progress
In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.


RICHARD JAMES HOMES LIMITED (REGISTERED NUMBER: 04381171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Taxation
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.

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 73,740 1,164 54,136 3,490 132,530
Additions 1,500 - - 300 1,800
At 31 October 2023 75,240 1,164 54,136 3,790 134,330
DEPRECIATION
At 1 November 2022 48,036 1,130 12,632 1,029 62,827
Charge for year 12,556 13 10,827 379 23,775
At 31 October 2023 60,592 1,143 23,459 1,408 86,602
NET BOOK VALUE
At 31 October 2023 14,648 21 30,677 2,382 47,728
At 31 October 2022 25,704 34 41,504 2,461 69,703

RICHARD JAMES HOMES LIMITED (REGISTERED NUMBER: 04381171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 8,106
Tax - 8,610
VAT 15,639 4,328
Prepayments 2,612 2,082
18,251 23,126

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 35,666 4,472
Social security and other taxes 109 321
Directors' current accounts 447,595 156,236
Accrued expenses 3,370 6,012
486,740 167,041

7. RELATED PARTY TRANSACTIONS

Included in other creditors is a loan to the company from its directors, R J Clubley and Mrs J Clubley. The balance outstanding at 31 October 2023 amounted to £447,595 (2022: £156,236).

The loan was made on an interest free basis and is repayable on demand.

Although the loan is repayable on demand the directors have confirmed that until sufficient funds are available they will not demand repayment.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £65,800 (2022 - £70,000) were paid to the directors .

9. CONTROLLING PARTY

R J Clubley and Mrs J Clubley own 100% of the issued share capital equally.