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REGISTERED NUMBER: 04076050 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Richmand House Residential Home
Limited

Richmand House Residential Home
Limited (Registered number: 04076050)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richmand House Residential Home
Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs E C Godfrey
Ms J E Taylor





SECRETARY: Mrs E C Godfrey





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 04076050 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Richmand House Residential Home
Limited (Registered number: 04076050)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 162,466 168,785
162,466 168,785

CURRENT ASSETS
Stocks 1,235 2,447
Debtors 6 188,317 149,175
Cash in hand - 3,670
189,552 155,292
CREDITORS
Amounts falling due within one year 7 140,214 94,443
NET CURRENT ASSETS 49,338 60,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,804

229,634

PROVISIONS FOR LIABILITIES - 226
NET ASSETS 211,804 229,408

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 161,804 179,408
SHAREHOLDERS' FUNDS 211,804 229,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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

Richmand House Residential Home
Limited (Registered number: 04076050)

Balance Sheet - continued
31 October 2023


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 15 January 2025 and were signed on its behalf by:




Mrs E C Godfrey - Director



Ms J E Taylor - Director


Richmand House Residential Home
Limited (Registered number: 04076050)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Richmand House Residential Home Limited 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Richmand House Residential Home
Limited (Registered number: 04076050)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 19,000
AMORTISATION
At 1 November 2022
and 31 October 2023 19,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Richmand House Residential Home
Limited (Registered number: 04076050)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 184,067 56,275 24,995 9,600 274,937
Additions - 1,487 - - 1,487
At 31 October 2023 184,067 57,762 24,995 9,600 276,424
DEPRECIATION
At 1 November 2022 33,279 42,811 22,493 7,569 106,152
Charge for year 3,681 2,992 625 508 7,806
At 31 October 2023 36,960 45,803 23,118 8,077 113,958
NET BOOK VALUE
At 31 October 2023 147,107 11,959 1,877 1,523 162,466
At 31 October 2022 150,788 13,464 2,502 2,031 168,785

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 46,108 524
Directors' current accounts 136,618 143,170
Prepayments 5,591 5,481
188,317 149,175

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,353 14,202
Trade creditors 112 160
Tax 83,091 31,893
Social security and other taxes 4,045 4,937
Pensions 633 860
Accruals and deferred income 35,980 42,391
140,214 94,443

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50,000 Ordinary £1 50,000 50,000

Richmand House Residential Home
Limited (Registered number: 04076050)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mrs S M Godfrey
Balance outstanding at start of year 143,170 88,696
Amounts advanced 160,962 170,579
Amounts repaid (167,514 ) (116,105 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 136,618 143,170

Interest was charged on the above at 2% per annum to 5 April 2023 and a rate of 2.25% per annum thereafter.