2023-04-012024-03-312024-03-31false04894894C. RICHES PROPERTIES 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C. RICHES PROPERTIES LIMITED

Registered Number
04894894
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

C. RICHES PROPERTIES LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

RICHES, Christopher John
RICHES, Emily

Company Secretary

RICHES, Emily

Registered Address

90 Pier Avenue
Herne Bay
CT6 8PG

Registered Number

04894894 (England and Wales)
C. RICHES PROPERTIES LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,256,2202,256,220
2,256,2202,256,220
Current assets
Debtors473,29564,641
Cash at bank and on hand8,92311,753
82,21876,394
Creditors amounts falling due within one year5(1,327,299)(1,255,748)
Net current assets (liabilities)(1,245,081)(1,179,354)
Total assets less current liabilities1,011,1391,076,866
Creditors amounts falling due after one year6(769,044)(791,671)
Net assets242,095285,195
Capital and reserves
Called up share capital33
Profit and loss account242,092285,192
Shareholders' funds242,095285,195
The financial statements were approved and authorised for issue by the Board of Directors on 14 November 2024, and are signed on its behalf by:
RICHES, Emily
Director
Registered Company No. 04894894
C. RICHES PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees
No PAYE Scheme

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 April 232,256,2202,256,220
At 31 March 242,256,2202,256,220
Net book value
At 31 March 242,256,2202,256,220
At 31 March 232,256,2202,256,220
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables73,29562,320
Other debtors-2,321
Total73,29564,641
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables18,000-
Bank borrowings and overdrafts1,292,8601,242,402
Taxation and social security15,41312,321
Accrued liabilities and deferred income1,0261,025
Total1,327,2991,255,748
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts769,044791,671
Total769,044791,671