| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 July 2023 to 31 August 2024 |
| for |
| Rickards Holdings Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 July 2023 to 31 August 2024 |
| for |
| Rickards Holdings Ltd |
| Rickards Holdings Ltd (Registered number: 13454631) |
| Contents of the Financial Statements |
| for the Period 1 July 2023 to 31 August 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Rickards Holdings Ltd |
| Company Information |
| for the Period 1 July 2023 to 31 August 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 48 Hucclecote Road |
| Gloucester |
| Gloucestershire |
| GL3 3RS |
| Rickards Holdings Ltd (Registered number: 13454631) |
| Statement of Financial Position |
| 31 August 2024 |
| 31/8/24 | 30/6/23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Rickards Holdings Ltd (Registered number: 13454631) |
| Statement of Financial Position - continued |
| 31 August 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Rickards Holdings Ltd (Registered number: 13454631) |
| Notes to the Financial Statements |
| for the Period 1 July 2023 to 31 August 2024 |
| 1. | STATUTORY INFORMATION |
| Rickards Holdings Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Rickards Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the period 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 statement of financial position date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2023 - NIL). |
| Rickards Holdings Ltd (Registered number: 13454631) |
| Notes to the Financial Statements - continued |
| for the Period 1 July 2023 to 31 August 2024 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| Cost |
| At 1 July 2023 |
| and 31 August 2024 |
| Net book value |
| At 31 August 2024 |
| At 30 June 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| Fair value |
| At 1 July 2023 |
| and 31 August 2024 |
| Net book value |
| At 31 August 2024 |
| At 30 June 2023 |
| The investment property is recognised at purchase price plus directly attributable expenditure. The directors consider that the fair value at 31 August 2024 is not materially different to the cost of the property included in the accounts and as such the property has not been formally revalued at the year end. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/8/24 | 30/6/23 |
| £ | £ |
| Amounts owed by group undertakings |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/8/24 | 30/6/23 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/8/24 | 30/6/23 |
| £ | £ |
| Bank loans |
| Rickards Holdings Ltd (Registered number: 13454631) |
| Notes to the Financial Statements - continued |
| for the Period 1 July 2023 to 31 August 2024 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 31/8/24 | 30/6/23 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/8/24 | 30/6/23 |
| £ | £ |
| Bank loans | 1,528,209 | 1,528,209 |
| The bank loans are secured by fixed charges over the company's investment properties. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/8/24 | 30/6/23 |
| value: | £ | £ |
| NIL | Ordinary | £1 | - | 2 |
| Ordinary A Shares | £1 | 1 | - |
| Ordinary B Shares | £1 | 1 | - |
| 2 | 2 |
| 11. | RELATED PARTY DISCLOSURES |
| Rickards Construction Ltd |
| Subsidiary company |
| A loan exists between the company and its subsidiary Rickards Construction Ltd. At 31 August 2024, the company was owed £352 from Rickards Construction Ltd. As at 31 August 2023 £582,462 was owed to Rickards Construction Ltd. The loan is interest free and has no fixed repayment terms. |