IRIS Accounts Production v24.1.9.2 04779376 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047793762023-03-31047793762024-03-31047793762023-04-012024-03-31047793762022-03-31047793762022-04-012023-03-31047793762023-03-3104779376ns15:EnglandWales2023-04-012024-03-3104779376ns14:PoundSterling2023-04-012024-03-3104779376ns10:Director12023-04-012024-03-3104779376ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104779376ns10:SmallEntities2023-04-012024-03-3104779376ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104779376ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104779376ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104779376ns10:FullAccounts2023-04-012024-03-3104779376ns10:OrdinaryShareClass12023-04-012024-03-3104779376ns10:Director22023-04-012024-03-3104779376ns10:CompanySecretary12023-04-012024-03-3104779376ns10:RegisteredOffice2023-04-012024-03-3104779376ns5:CurrentFinancialInstruments2024-03-3104779376ns5:CurrentFinancialInstruments2023-03-3104779376ns5:ShareCapital2024-03-3104779376ns5:ShareCapital2023-03-3104779376ns5:RevaluationReserve2024-03-3104779376ns5:RevaluationReserve2023-03-3104779376ns5:RetainedEarningsAccumulatedLosses2024-03-3104779376ns5:RetainedEarningsAccumulatedLosses2023-03-3104779376ns5:CostValuation2023-03-3104779376ns5:Non-currentFinancialInstruments2024-03-3104779376ns5:Non-currentFinancialInstruments2023-03-3104779376ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 04779376 (England and Wales)















RICH PROPERTY HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






RICH PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04779376)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


RICH PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Peter C Rich
Clare AME Rich





SECRETARY: Caroline A Hall





REGISTERED OFFICE: 43 Portland Road
London
W11 4LJ





REGISTERED NUMBER: 04779376 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

RICH PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04779376)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 93,638 34,925

CURRENT ASSETS
Debtors 5 1,961,551 1,723,087
Cash at bank 324,678 547,717
2,286,229 2,270,804
CREDITORS
Amounts falling due within one year 6 6,377 1,989
NET CURRENT ASSETS 2,279,852 2,268,815
TOTAL ASSETS LESS CURRENT LIABILITIES 2,373,490 2,303,740

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Fair value adjustment reserve (1,649 ) -
Retained earnings 2,374,139 2,302,740
SHAREHOLDERS' FUNDS 2,373,490 2,303,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 30 July 2024 and were signed on its behalf by:





Clare AME Rich - Director


RICH PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04779376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Rich Property 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 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are stated at cost less impairment.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other investments
Other investments are stated at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 2,000 2,000
Other investments not loans 91,638 32,925
93,638 34,925

RICH PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04779376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 2,000
NET BOOK VALUE
At 31 March 2024 2,000
At 31 March 2023 2,000

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 91,638 32,925

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors 1,961,551 1,723,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 197
Taxation 4,445 -
Other creditors 1,000 1,000
Accruals and deferred income 932 792
6,377 1,989

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000