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REGISTERED NUMBER: 05538484 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Richbusy Limited

Richbusy Limited (Registered number: 05538484)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 7

Richbusy Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs Susan Jennifer Massingham





SECRETARY:





REGISTERED OFFICE: 45 Nork Way
Banstead
Surrey
SM7 1PB





REGISTERED NUMBER: 05538484 (England and Wales)





ACCOUNTANT: Marden & Co Accountants Limited
45 Nork Way
Banstead
Surrey
SM7 1PB

Richbusy Limited (Registered number: 05538484)

Abridged Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,101 -
Investment property 5 2,178,845 2,183,845
2,179,946 2,183,845

CURRENT ASSETS
Debtors 10,467 9,222
Cash at bank and in hand 8,205 12,842
18,672 22,064
CREDITORS
Amounts falling due within one year 75,053 51,442
NET CURRENT LIABILITIES (56,381 ) (29,378 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,123,565

2,154,467

CREDITORS
Amounts falling due after more than one
year

(1,542,163

)

(1,560,536

)

PROVISIONS FOR LIABILITIES (96,322 ) (97,272 )
NET ASSETS 485,080 496,659

CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 8 750,843 755,843
Retained earnings 8 (265,764 ) (259,185 )
SHAREHOLDERS' FUNDS 485,080 496,659

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

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

The director acknowledges her 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.

Richbusy Limited (Registered number: 05538484)

Abridged Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 March 2025 and were signed by:





Mrs Susan Jennifer Massingham - Director


Richbusy Limited (Registered number: 05538484)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Richbusy 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investment property
Investment properties are included in the balance sheet at their open market value.
Depreciation is only provided on those investment properties that are leasehold and have an unexpired lease term of less than 20 years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Richbusy Limited (Registered number: 05538484)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 17,432
Additions 1,651
At 31 August 2024 19,083
DEPRECIATION
At 1 September 2023 17,432
Charge for year 550
At 31 August 2024 17,982
NET BOOK VALUE
At 31 August 2024 1,101
At 31 August 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 2,183,845
Revaluations (5,000 )
At 31 August 2024 2,178,845
NET BOOK VALUE
At 31 August 2024 2,178,845
At 31 August 2023 2,183,845

In the opinion of the director, the current fair value is £2,178,845.00. An online valuation has been obtained on 26/01/2024 from the internet.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2020 747,410
Valuation in 2021 (101,605 )
Valuation in 2022 (163,845 )
Valuation in 2024 25,000
Cost 1,671,885
2,178,845

If Investments properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,671,885 1,671,885

Investment Properties were valued on an open market basis on 26 January 2024 by Rightmove.co.uk .

Richbusy Limited (Registered number: 05538484)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 11,174 17,064

The mortgage facilities of the company are secured by way of Fixed Charge held by the lenders on the properties owned by the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2023 (259,185 ) 755,843 496,658
Deficit for the year (6,579 ) (6,579 )
Revaluation - (5,000 ) (5,000 )
At 31 August 2024 (265,764 ) 750,843 485,079

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Susan Jennifer Massingham.

Richbusy Limited

Report of the Accountant to the Director of
Richbusy Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Marden & Co Accountants Limited
45 Nork Way
Banstead
Surrey
SM7 1PB


13 March 2025