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REGISTERED NUMBER: 06765687 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Richard James Investments Limited

Richard James Investments Limited (Registered number: 06765687)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Richard James Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr R J Oldaker
Mr J Wiggins
N Antoinet Wiggins
Mrs E Oldaker





REGISTERED OFFICE: 173 Victoria Road
Aldershot
Hampshire
GU11 1JU





REGISTERED NUMBER: 06765687 (England and Wales)





ACCOUNTANTS: Elsburys Accountants
Suite 2
1 Kings Road
Crowthorne
Berkshire
RG45 7BF

Richard James Investments Limited (Registered number: 06765687)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 172,321 197,897
Tangible assets 5 83,841 85,890
256,162 283,787

CURRENT ASSETS
Debtors 6 54,264 23,883
Cash at bank 259,094 276,278
313,358 300,161
CREDITORS
Amounts falling due within one year 7 147,065 152,587
NET CURRENT ASSETS 166,293 147,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,455

431,361

CREDITORS
Amounts falling due after more than one
year

8

(22,459

)

(24,167

)

PROVISIONS FOR LIABILITIES (2,978 ) (2,373 )

ACCRUALS AND DEFERRED INCOME (7,349 ) (9,029 )
NET ASSETS 389,669 395,792

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 388,669 394,792
389,669 395,792

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Investments Limited (Registered number: 06765687)

Balance Sheet - continued
31 December 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 and authorised by the director on the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:




Mr R J Oldaker - Director



Mr J Wiggins - Director


Richard James Investments Limited (Registered number: 06765687)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Richard James Investments 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% Straight line
Plant and machinery etc - 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 10 (2022 - 10 ) .

Richard James Investments Limited (Registered number: 06765687)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 571,175
Additions 27,435
At 31 December 2023 598,610
AMORTISATION
At 1 January 2023 373,278
Charge for year 53,011
At 31 December 2023 426,289
NET BOOK VALUE
At 31 December 2023 172,321
At 31 December 2022 197,897

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 95,184 47,331 142,515
Additions - 3,607 3,607
At 31 December 2023 95,184 50,938 146,122
DEPRECIATION
At 1 January 2023 21,786 34,839 56,625
Charge for year 1,468 4,188 5,656
At 31 December 2023 23,254 39,027 62,281
NET BOOK VALUE
At 31 December 2023 71,930 11,911 83,841
At 31 December 2022 73,398 12,492 85,890

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 54,336 6,796

Amounts falling due after more than one year:
Other debtors (72 ) 17,087

Aggregate amounts 54,264 23,883

Richard James Investments Limited (Registered number: 06765687)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,146 10,000
Hire purchase contracts - 2,710
Trade creditors 4,958 5,329
Taxation and social security 124,802 124,396
Other creditors 13,159 10,152
147,065 152,587

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 22,459 24,167

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,874 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr J Wiggins
Balance outstanding at start of year (3,056 ) (3,840 )
Amounts advanced 4,479 7,351
Amounts repaid - (6,567 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,423 (3,056 )

Mr R J Oldaker
Balance outstanding at start of year 4,841 4,056
Amounts advanced 520 785
Amounts repaid (2,995 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,366 4,841

10. RELATED PARTY DISCLOSURES

During the year, the company provided a loan of £50,000 (2022: £Nil) to Richard James Property Ltd, a company in which Mr R Oldaker and Mr J Wiggins are director shareholders. The loan has made on an arm's length basis, with interest being charge at 5.5% per annum.The loan is repayable on demand.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Richard James Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Richard James Investments Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Richard James Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Richard James Investments Limited and state those matters that we have agreed to state to the Board of Directors of Richard James Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Richard James Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Richard James Investments Limited. You consider that Richard James Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Richard James Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Elsburys Accountants
Suite 2
1 Kings Road
Crowthorne
Berkshire
RG45 7BF


23 April 2024