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REGISTERED NUMBER: 03789912 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 January 2024

for

RICHARD JAMES (HOLDINGS) LTD

RICHARD JAMES (HOLDINGS) LTD (REGISTERED NUMBER: 03789912)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICHARD JAMES (HOLDINGS) LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: R James
B Wickenden
A James
G Wickenden





SECRETARY: B Wickenden





REGISTERED OFFICE: Bath House
6-8 Bath Street
Bristol
BS1 6HL





REGISTERED NUMBER: 03789912 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

RICHARD JAMES (HOLDINGS) LTD (REGISTERED NUMBER: 03789912)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 101,896 87,678
Investment property 5 182,761 182,761
284,657 270,439

CURRENT ASSETS
Debtors 6 305 305
Cash at bank 39,099 37,422
39,404 37,727
CREDITORS
Amounts falling due within one year 7 (73,538 ) (66,258 )
NET CURRENT LIABILITIES (34,134 ) (28,531 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,523

241,908

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 250,423 241,808
SHAREHOLDERS' FUNDS 250,523 241,908

RICHARD JAMES (HOLDINGS) LTD (REGISTERED NUMBER: 03789912)

Balance Sheet - continued
31 JANUARY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





R James - Director


RICHARD JAMES (HOLDINGS) LTD (REGISTERED NUMBER: 03789912)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024


1. COMPANY INFORMATION

Richard James (Holdings) Ltd 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 principal activity of the company in the year under review was that of a management holding company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year 31 January 2024 and derives from the provision of services falling within the company's ordinary activities.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

RICHARD JAMES (HOLDINGS) LTD (REGISTERED NUMBER: 03789912)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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 6 (2023 - 6 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 100 87,578 87,678
Additions - 8,895 8,895
Disposals - (191 ) (191 )
Revaluations - 5,514 5,514
At 31 January 2024 100 101,796 101,896
NET BOOK VALUE
At 31 January 2024 100 101,796 101,896
At 31 January 2023 100 87,578 87,678

RICHARD JAMES (HOLDINGS) LTD (REGISTERED NUMBER: 03789912)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 January 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2017 - (6,143 ) (6,143 )
Valuation in 2018 - 4,084 4,084
Valuation in 2019 - (1,719 ) (1,719 )
Valuation in 2020 - 3,064 3,064
Valuation in 2021 - (686 ) (686 )
Valuation in 2022 - 2,675 2,675
Valuation in 2023 - (2,287 ) (2,287 )
Valuation in 2024 - 5,453 5,453
Cost 100 97,355 97,455
100 101,796 101,896

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 97,355 88,590

Other fixed asset investments were valued on an open market basis on 31 January 2024 by Rathbone Investment Management .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 182,761
NET BOOK VALUE
At 31 January 2024 182,761
At 31 January 2023 182,761

In the directors opinion, the fair value of the investment property, as at 31 January 2024, is similar to that of the historical cost.

RICHARD JAMES (HOLDINGS) LTD (REGISTERED NUMBER: 03789912)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 30 43
Prepayments 275 262
305 305

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 50
Social security and other taxes 8,243 7,839
VAT 4,493 4,600
Other creditors 20,119 16,086
Directors' current accounts 40,683 37,683
73,538 66,258

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. CONTINGENT LIABILITIES

Bank borrowings of £174,871 (2023 - £125,197) in Richard James International Limited are secured by a composite guarantee from the company.

10. RELATED PARTY DISCLOSURES

Richard James International Limited is a subsidiary of the company. During the year the company charged Richard James International Limited management fees totalling £138,000 (2023 - £138,000). At the year end the company was owed £30 (2023 - £43) from Richard James International Limited in respect of an interest free loan.

At the year end £40,683 (2023 - £37,683) was owed to directors of the company in respect of an interest free loan. There is no fixed date of repayment on this loan.