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REGISTERED NUMBER: 08780456 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

Richmond Park Limited

Richmond Park Limited (Registered number: 08780456)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Richmond Park Limited (Registered number: 08780456)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 452,196 431,223

CURRENT ASSETS
Debtors 5 18,449 18,449
Cash at bank 621 137
19,070 18,586
CREDITORS
Amounts falling due within one year 6 396,179 416,664
NET CURRENT LIABILITIES (377,109 ) (398,078 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,087

33,145

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 74,987 33,045
SHAREHOLDERS' FUNDS 75,087 33,145

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2024 and were signed on its behalf by:





A Sinfield - Director


Richmond Park Limited (Registered number: 08780456)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. COMPANY INFORMATION

Richmond Park Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08780456

Registered office: 2nd Floor
The Lexicon
10-12 Mount Street
Manchester
M2 5NT

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.

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

Revenue from the provision of professional services is recognised on delivery of the service.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Richmond Park Limited (Registered number: 08780456)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

4. FIXED ASSET INVESTMENTS

30.11.23 30.11.22
£    £   
Participating interests 403,219 400,996
Other investments not loans 30,227 30,227
Other loans 18,750 -
452,196 431,223

Additional information is as follows:
Interest
in joint Unlisted
venture investments Totals
£    £    £   
COST
At 1st December 2022 400,996 30,227 431,223
Additions 84,355 - 84,355
Disposals (82,132 ) - (82,132 )
At 30th November 2023 403,219 30,227 433,446
NET BOOK VALUE
At 30th November 2023 403,219 30,227 433,446
At 30th November 2022 400,996 30,227 431,223
Other
loans
£   
New in year 18,750
At 30th November 2023 18,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 18,449 18,449

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors (1 ) -
Tax 9,607 4,886
Social security and other taxes 77 83
Directors' current accounts 384,336 409,895
Accrued expenses 2,160 1,800
396,179 416,664

Richmond Park Limited (Registered number: 08780456)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
50 Ordinary A £1 100 100
50 Ordinary B £1 - -
100 100

Both the Ordinary A and Ordinary B Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2023 and 30th November 2022:

30.11.23 30.11.22
£    £   
A Sinfield
Balance outstanding at start of year (359,895 ) (578,647 )
Amounts advanced 87,420 375,623
Amounts repaid (60,733 ) (156,871 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (333,208 ) (359,895 )

Mr N Sinfield
Balance outstanding at start of year (50,000 ) -
Amounts repaid (1,128 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (51,128 ) (50,000 )

Interest for the year totals £6,288 (2022: £6,987) and is charged at 1.5% on the average balance throughout the year. The balances are included within other creditors and there is no set repayment date.

9. RELATED PARTY DISCLOSURES

During the year, the company operated a loan account with Richmond Park Capital LLP; a related party by virtue of common control. During the year, the company advanced £Nil (2022: £1,200) with repayments totalling £Nil (2022: £Nil). At the balance sheet date, the company was owed £18,449 (2022: £18,449) from Richmond Park Capital LLP. This balance is included within other debtors and is unsecured, interest-free and repayable-on-demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the director A Sinfield and spouse N Sinfield by virtue of their joint 100%
ownership of the voting share capital of the company.