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REGISTERED NUMBER: 09762834 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Richardsons Property Services Ltd

Richardsons Property Services Ltd (Registered number: 09762834)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richardsons Property Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D Richardson
Mrs A F Richardson





REGISTERED OFFICE: White Hills
7 Mill Common
Huntingdon
Cambridgeshire
PE29 3AU





REGISTERED NUMBER: 09762834 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Richardsons Property Services Ltd (Registered number: 09762834)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 575,000 575,000
575,000 575,000

CURRENT ASSETS
Debtors 6 1,295 3,839
Cash at bank and in hand 46,816 60,644
48,111 64,483
CREDITORS
Amounts falling due within one year 7 96,674 142,512
NET CURRENT LIABILITIES (48,563 ) (78,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,437

496,971

CREDITORS
Amounts falling due after more than one
year

8

(205,569

)

(205,569

)

PROVISIONS FOR LIABILITIES (40,521 ) (31,936 )
NET ASSETS 280,347 259,466

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 136,512 151,097
Retained earnings 143,735 108,269
SHAREHOLDERS' FUNDS 280,347 259,466

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Richardsons Property Services Ltd (Registered number: 09762834)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





Mr D Richardson - Director


Richardsons Property Services Ltd (Registered number: 09762834)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Richardsons Property Services 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents gross income from services and rent.

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 reducing balance

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.

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.

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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Richardsons Property Services Ltd (Registered number: 09762834)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 3,308
DEPRECIATION
At 1 April 2023
and 31 March 2024 3,308
NET BOOK VALUE
At 31 March 2024 -


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 575,000
Additions 6,000
Revaluations (6,000 )
At 31 March 2024 575,000
NET BOOK VALUE
At 31 March 2024 575,000
At 31 March 2023 575,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 251 -
Other debtors 1,044 3,839
1,295 3,839

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 60 601
Taxation and social security 9,365 9,133
Other creditors 87,249 132,778
96,674 142,512

Richardsons Property Services Ltd (Registered number: 09762834)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 154,569 154,569
Other creditors 51,000 51,000
205,569 205,569

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 151,097
Transfers (14,585 )

At 31 March 2024 136,512