Registration number:
Richard Holmes Property Consultants Ltd
for the Year Ended 31 January 2025
Richard Holmes Property Consultants Ltd
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Richard Holmes Property Consultants Ltd
(Registration number: 06486545)
Balance Sheet as at 31 January 2025
Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
9 |
9 |
|
Revaluation reserve |
94,718 |
94,718 |
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Retained earnings |
238,180 |
261,234 |
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Shareholders' funds |
332,907 |
355,961 |
For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
.........................................
Director
Richard Holmes Property Consultants Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
The principal place of business is:
Highfield House
The Green
Leafield
Witney
Oxfordshire
OX29 9NP
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Richard Holmes Property Consultants Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Investment property
No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit or loss account for the year.
This treatment as regards the companies investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might have otherwise been shown cannot be separately identified or quantified.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Richard Holmes Property Consultants Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Tangible assets |
Investment property |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 February 2024 |
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- |
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Additions |
- |
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At 31 January 2025 |
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Depreciation |
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Charge for the year |
- |
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At 31 January 2025 |
- |
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Carrying amount |
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At 31 January 2025 |
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At 31 January 2024 |
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- |
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Included within the net book value of land and buildings above is £325,000 (2024 - £325,000) in respect of freehold land and buildings.
Investment properties |
2025 |
The company's investment property was valued at £325,000 (2024:£325,000) by the directors at the year end based on yields achieved and sales of similar properties in the same geographical location.
There has been no valuation of investment property by an independent valuer.
Debtors |
2025 |
2024 |
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Prepayments |
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Other debtors |
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- |
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Richard Holmes Property Consultants Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Creditors |
Creditors: amounts falling due within one year
2025 |
2024 |
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Due within one year |
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Taxation and social security |
- |
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Accruals and deferred income |
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Other creditors |
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Richard Holmes Property Consultants Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Share capital |
Allotted, called up and fully paid shares
2025 |
2024 |
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No. |
£ |
No. |
£ |
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|
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9 |
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9 |