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REGISTERED NUMBER: 07053298 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

RICH OWEN LTD

RICH OWEN LTD (REGISTERED NUMBER: 07053298)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICH OWEN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr RJ Owen





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 07053298 (England and Wales)

RICH OWEN LTD (REGISTERED NUMBER: 07053298)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 799,057 799,057

CURRENT ASSETS
Debtors 5 50,000 -
Cash at bank 472,189 220,077
522,189 220,077
CREDITORS
Amounts falling due within one year 6 812,509 690,444
NET CURRENT LIABILITIES (290,320 ) (470,367 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

508,737

328,690

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 508,637 328,590
SHAREHOLDERS' FUNDS 508,737 328,690

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RICH OWEN LTD (REGISTERED NUMBER: 07053298)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 29 August 2024 and were signed by:





Mr RJ Owen - Director


RICH OWEN LTD (REGISTERED NUMBER: 07053298)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Rich Owen 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Turnover represents fees receivable for management services provided which are recognised in the period to which they relate, excluding discounts, rebates, valued added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

RICH OWEN LTD (REGISTERED NUMBER: 07053298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 799,057
NET BOOK VALUE
At 31 May 2024 799,057
At 31 May 2023 799,057

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Scenex Sets and Staging Limited
Registered office: Feldspar Close The Warrens Industrial Park, Enderby, Leicester, Leicestershire, LE19 4SD
Nature of business: Conference and corporate event sets and staging
%
Class of shares: holding
Ordinary 100.00

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 50,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 616,146 516,146
Taxation 105,271 83,400
VAT 28,154 28,156
Directors' current accounts 321 225
Accruals and deferred income 62,617 62,517
812,509 690,444

7. RELATED PARTY DISCLOSURES

As at 31 May 2024 the company owed Mr R Owen, a director £321 (2023: £225).