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REGISTERED NUMBER: 05608447 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

RICH DEVELOPMENTS (UK) LIMITED

RICH DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 05608447)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


RICH DEVELOPMENTS (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTOR: Mr R Thomas





SECRETARY: Mrs C L Thomas





REGISTERED OFFICE: 5 Himley Close
Bilston
West Midlands
WV14 0LJ





REGISTERED NUMBER: 05608447 (England and Wales)





ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

RICH DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 05608447)

ABRIDGED BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,816 22,597

CURRENT ASSETS
Stocks 3,000 2,975
Debtors 67,710 73,109
Cash at bank 793 2
71,503 76,086
CREDITORS
Amounts falling due within one year 25,085 30,646
NET CURRENT ASSETS 46,418 45,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,234

68,037

PROVISIONS FOR LIABILITIES 3,195 4,293
NET ASSETS 60,039 63,744

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 60,038 63,743
SHAREHOLDERS' FUNDS 60,039 63,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





Mr R Thomas - Director


RICH DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 05608447)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Rich Developments (UK) 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 represents net invoiced sales of goods and services, excluding value added tax.

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 - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 83,352
Disposals (1,375 )
At 30 November 2023 81,977
DEPRECIATION
At 1 December 2022 60,755
Charge for year 5,628
Eliminated on disposal (1,222 )
At 30 November 2023 65,161
NET BOOK VALUE
At 30 November 2023 16,816
At 30 November 2022 22,597

RICH DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 05608447)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

5. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Mr R Thomas, by virtue of his 100% holding in the company's issued share capital.