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Registration number: 06486545

Richard Holmes Property Consultants Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Richard Holmes Property Consultants Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Richard Holmes Property Consultants Ltd

(Registration number: 06486545)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

325,662

325,000

Current assets

 

Debtors

6

1,183

323

Cash at bank and in hand

 

32,250

57,790

 

33,433

58,113

Creditors: Amounts falling due within one year

7

(6,669)

(7,633)

Net current assets

 

26,764

50,480

Total assets less current liabilities

 

352,426

375,480

Provisions for liabilities

(19,519)

(19,519)

Net assets

 

332,907

355,961

Capital and reserves

 

Called up share capital

8

9

9

Revaluation reserve

94,718

94,718

Retained earnings

238,180

261,234

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 February 2025 and signed on its behalf by:
 

.........................................

Mr R Holmes
Director

 

Richard Holmes Property Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

The principal place of business is:
Highfield House
The Green
Leafield
Witney
Oxfordshire
OX29 9NP

These financial statements were authorised for issue by the Board on 25 February 2025.

2

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

Certain of the companies properties are held for long-term investment. These are accounted for in accordance with FRS 102 as follows:

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

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual value in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit or loss account,
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Richard Holmes Property Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Investment property
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2024

325,000

-

325,000

Additions

-

992

992

At 31 January 2025

325,000

992

325,992

Depreciation

Charge for the year

-

330

330

At 31 January 2025

-

330

330

Carrying amount

At 31 January 2025

325,000

662

325,662

At 31 January 2024

325,000

-

325,000

Included within the net book value of land and buildings above is £325,000 (2024 - £325,000) in respect of freehold land and buildings.
 

5

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.

6

Debtors

2025
£

2024
£

Prepayments

312

323

Other debtors

871

-

1,183

323

 

Richard Holmes Property Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

-

997

Accruals and deferred income

2,375

2,342

Other creditors

4,294

4,294

6,669

7,633

 

Richard Holmes Property Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

9

9

9

9