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 |
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|
The ultimate controlling party is a director, A E Sykes, who holds 63% of the issued ordinary share capital. |
|
|
7 |
Other information |
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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 |