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Registered number: 04898659
Richpur Limited
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 04898659
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,204 -
Investment Properties 5 6,429,259 6,421,687
6,484,463 6,421,687
CURRENT ASSETS
Debtors 313,823 307,441
Cash at bank and in hand - 18,740
313,823 326,181
Creditors: Amounts Falling Due Within One Year (2,909,036 ) (2,910,482 )
NET CURRENT ASSETS (LIABILITIES) (2,595,213 ) (2,584,301 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,889,250 3,837,386
Creditors: Amounts Falling Due After More Than One Year (3,340,052 ) (3,340,619 )
NET ASSETS 549,198 496,767
CAPITAL AND RESERVES
Called up share capital 7 4 4
Revaluation reserve 8 168,928 168,928
Profit and Loss Account 380,266 327,835
SHAREHOLDERS' FUNDS 549,198 496,767
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
J J Purgas
Director
24th June 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Richpur Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04898659 . The registered office is 70a Beach Road, Weston-Super-Mare, BS23 4BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below and in accordance with the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25%
Fixtures & Fittings 25%
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 41,655
Additions 59,250
As at 31 March 2024 100,905
Depreciation
As at 1 April 2023 41,655
Provided during the period 4,046
As at 31 March 2024 45,701
Net Book Value
As at 31 March 2024 55,204
As at 1 April 2023 -
5. Investment Property
31 March 2024
£
Fair Value
As at 1 April 2023 6,421,687
Additions 7,572
As at 31 March 2024 6,429,259
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6. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 March 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,329 -
Later than one year and not later than five years 45,352 -
54,681 -
54,681 -
7. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 4 4
8. Reserves
Revaluation Reserve
£
As at 1 April 2023 168,928
As at 31 March 2024 168,928
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