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REGISTERED NUMBER: 10022067 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

RICHDALE BROKERS AND FINANCIAL SERVICES
LTD.

RICHDALE BROKERS AND FINANCIAL SERVICES
LTD. (REGISTERED NUMBER: 10022067)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RICHDALE BROKERS AND FINANCIAL SERVICES
LTD.

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J Bernstein





REGISTERED OFFICE: 1 Cornhill
London
EC3V 3ND





REGISTERED NUMBER: 10022067 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

RICHDALE BROKERS AND FINANCIAL SERVICES
LTD. (REGISTERED NUMBER: 10022067)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 269,151 59,872
Cash at bank 189,205 222,345
458,356 282,217
CREDITORS
Amounts falling due within one year 5 374,349 172,558
NET CURRENT ASSETS 84,007 109,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,007

109,659

CREDITORS
Amounts falling due after more than one
year

6

27,580

32,559
NET ASSETS 56,427 77,100

CAPITAL AND RESERVES
Called up share capital 7 12,100 12,100
Profit and loss account 44,327 65,000
SHAREHOLDERS' FUNDS 56,427 77,100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





J Bernstein - Director


RICHDALE BROKERS AND FINANCIAL SERVICES
LTD. (REGISTERED NUMBER: 10022067)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Richdale Brokers And Financial Services 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.

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.

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

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

RICHDALE BROKERS AND FINANCIAL SERVICES
LTD. (REGISTERED NUMBER: 10022067)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 10 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 67,302 59,772
Amounts owed by group undertakings 200,337 -
Other debtors 1,512 100
269,151 59,872

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,955 4,955
Payments on account - 1,512
Trade creditors 3,262 6,462
Amounts owed to group undertakings 193,362 44,859
Taxation and social security 118,073 113,269
Other creditors 54,697 1,501
374,349 172,558

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 27,580 32,559

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,759 12,738

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
12,000 Preference £1 12,000 12,000
12,100 12,100

8. PARENT COMPANY

The Company is a wholly owned subsidiary of Richdale Holdings Limited, a company registered in England.