Company Registration No. 03131883 (England and Wales)
Richcasual Limited
Unaudited accounts
for the year ended 31 December 2023
Richcasual Limited
Unaudited accounts
Contents
Richcasual Limited
Company Information
for the year ended 31 December 2023
Director
Charlotte Mary Chesyre
Company Number
03131883 (England and Wales)
Registered Office
Lillibet House
65 De Parys Avenue
Bedford
Bedfordshire
MK40 2TR
England
Accountants
Capital Accounting Solutions
277-279 Bethnal Green Road
London
E2 6AH
Richcasual Limited
Statement of financial position
as at 31 December 2023
Investment property
1,600,000
1,600,000
Cash at bank and in hand
55
55
Creditors: amounts falling due within one year
(77,357)
(77,357)
Net current liabilities
(75,029)
(75,029)
Total assets less current liabilities
1,524,971
1,524,971
Provisions for liabilities
Deferred tax
(225,072)
(225,072)
Net assets
1,299,899
1,299,899
Capital contribution reserve
1,000,810
1,000,810
Profit and loss account
298,989
298,989
Shareholders' funds
1,299,899
1,299,899
For the year ending 31 December 2023 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 January 2025 and were signed on its behalf by
Charlotte Mary Chesyre
Director
Company Registration No. 03131883
Richcasual Limited
Notes to the Accounts
for the year ended 31 December 2023
Richcasual Limited is a private company, limited by shares, registered in England and Wales, registration number 03131883. The registered office is Lillibet House, 65 De Parys Avenue, Bedford, Bedfordshire, MK40 2TR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Average number of employees
During the year the average number of employees was 0 (2022: 0).