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REGISTERED NUMBER: 05809242 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RICHARD S. PORTER LIMITED

RICHARD S. PORTER LIMITED (REGISTERED NUMBER: 05809242)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICHARD S. PORTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: RS Porter





SECRETARY: Thompson Smith & Puxon (Secretarial Services) Limited





REGISTERED OFFICE: 22 St. Peters Road
West Mersea
Colchester
Essex
CO5 8LJ





REGISTERED NUMBER: 05809242 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

RICHARD S. PORTER LIMITED (REGISTERED NUMBER: 05809242)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 224 299
Investment property 5 690,000 675,000
690,224 675,299

CURRENT ASSETS
Debtors 6 3,387 68,334
Cash at bank 72,650 51,953
76,037 120,287
CREDITORS
Amounts falling due within one year 7 10,685 10,956
NET CURRENT ASSETS 65,352 109,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

755,576

784,630

PROVISIONS FOR LIABILITIES 6,090 11,450
NET ASSETS 749,486 773,180

CAPITAL AND RESERVES
Called up share capital 1 1
Non distributable retained earnings 8 73,009 60,854
Retained earnings 8 676,476 712,325
749,486 773,180

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

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

RICHARD S. PORTER LIMITED (REGISTERED NUMBER: 05809242)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





RS Porter - Director


RICHARD S. PORTER LIMITED (REGISTERED NUMBER: 05809242)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Richard S. Porter 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.

Turnover
Turnover represents consultancy fees.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Investment property
Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss. No depreciation is provided in respect of investment properties.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

RICHARD S. PORTER LIMITED (REGISTERED NUMBER: 05809242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 399
DEPRECIATION
At 1 January 2024 100
Charge for year 75
At 31 December 2024 175
NET BOOK VALUE
At 31 December 2024 224
At 31 December 2023 299

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 675,000
Revaluations 15,000
At 31 December 2024 690,000
NET BOOK VALUE
At 31 December 2024 690,000
At 31 December 2023 675,000

The properties were valued on an open market basis on 31 December 2024 by the director Richard S Porter.

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2017 (858 )
Valuation in 2018 3,000
Valuation in 2019 (21,739 )
Valuation in 2020 25,000
Valuation in 2021 34,726
Valuation in 2022 30,000
Valuation in 2023 5,000
Valuation in 2024 15,000
Cost 599,871
690,000

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

2024 2023
£    £   
Cost 599,871 599,871

RICHARD S. PORTER LIMITED (REGISTERED NUMBER: 05809242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Due from Thompson, Smith
& Puxon - 10,000
Tenant deposit held by third party 1,788 1,984
Corporation tax 1,200 1,200
Prepayments 399 150
3,387 13,334

Amounts falling due after more than one year:
Due from Thompson, Smith and
Puxon Solicitors - 55,000
- 55,000

Aggregate amounts 3,387 68,334

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tenant deposit 1,788 1,984
Director's current account 4,291 3,979
Accruals and deferred income 4,606 4,993
10,685 10,956

8. RESERVES
Non
distributable
Retained retained
earnings earnings Totals
£    £    £   

At 1 January 2024 712,325 60,854 773,179
Deficit for the year (23,694 ) (23,694 )
Non distributable retained
earnings (12,155 ) 12,155 -
At 31 December 2024 676,476 73,009 749,485