RICK PROPERTIES LTD

Company Registration Number:
05882853 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

RICK PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

RICK PROPERTIES LTD

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Investments: 3 1,071,030 1,068,870
Total fixed assets: 1,071,030 1,068,870
Current assets
Cash at bank and in hand: 151 129
Total current assets: 151 129
Creditors: amounts falling due within one year:   (281,293) (246,744)
Net current assets (liabilities): (281,142) (246,615)
Total assets less current liabilities: 789,888 822,255
Creditors: amounts falling due after more than one year:   (667,106) (682,106)
Total net assets (liabilities): 122,782 140,149
Capital and reserves
Called up share capital: 1 1
Revaluation reserve:4160,000160,000
Profit and loss account: (37,219) (19,852)
Shareholders funds: 122,782 140,149

The notes form part of these financial statements

RICK PROPERTIES LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 March 2025
and signed on behalf of the board by:

Name: Miss S Eagle
Status: Director

The notes form part of these financial statements

RICK PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Other accounting policies

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements

RICK PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

RICK PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Fixed investments

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss

RICK PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Revaluation reserve

2024
£
Balance at 01 July 2023 160,000
Surplus or deficit after revaluation 0
Balance at 30 June 2024 160,000

Topaz Finance Limited holds a legal charge in relation to a fixed and floating charge in relation to the properties known as The Rick and Rickside