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RICHMOND PROPERTIES LIMITED

Registered Number
07263623
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

RICHMOND PROPERTIES LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

Alistair George

Registered Address

62 Regent Street
Rugby
CV21 2PS

Registered Number

07263623 (England and Wales)
RICHMOND PROPERTIES LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments3462,488424,107
462,488424,107
Current assets
Debtors44,1217,338
Cash at bank and on hand16,72549,035
20,84656,373
Creditors amounts falling due within one year5(217,921)(236,043)
Net current assets (liabilities)(197,075)(179,670)
Total assets less current liabilities265,413244,437
Provisions for liabilities6(36,100)(36,100)
Net assets229,313208,337
Capital and reserves
Called up share capital11
Revaluation reserve173,713173,713
Profit and loss account55,59934,623
Shareholders' funds8229,313208,337
The financial statements were approved and authorised for issue by the Director on 28 February 2025, and are signed on its behalf by:
Alistair George
Director
Registered Company No. 07263623
RICHMOND PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year11
3.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 June 23424,107424,107
Additions40,98140,981
Disposals(2,600)(2,600)
At 31 May 24462,488462,488
Net book value
At 31 May 24462,488462,488
At 31 May 23424,107424,107

Notes

1Other investments other than loans
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4,1215,496
Other debtors-1,842
Total4,1217,338
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,1161,096
Taxation and social security4,4023,975
Other creditors210,269229,676
Accrued liabilities and deferred income2,1341,296
Total217,921236,043
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)36,10036,100
Total36,10036,100
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Alistair George1,84201,8420
1,84201,8420
8.Revaluation reserve

£
Reserve at 01 June 23173,713
At 31 May 24173,713