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REGISTERED NUMBER: 02779457 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

RILEY'S OF SAFFRON WALDEN LIMITED

RILEY'S OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 02779457)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


RILEY'S OF SAFFRON WALDEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D F Riley
Mrs J Riley
A D Riley





SECRETARY: A D Riley





REGISTERED OFFICE: Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF





REGISTERED NUMBER: 02779457 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RILEY'S OF SAFFRON WALDEN LIMITED

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Riley's of Saffron Walden Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Riley's of Saffron Walden Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Riley's of Saffron Walden Limited and state those matters that we have agreed to state to the Board of Directors of Riley's of Saffron Walden Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/gb/en/technical-activities/technical-resources-
search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Riley's of Saffron Walden Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Riley's of Saffron Walden Limited. You consider that Riley's of Saffron Walden Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Riley's of Saffron Walden Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


11 August 2025

RILEY'S OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 02779457)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 97,332 106,311
Investment property 5 650,000 650,000
747,332 756,311

CURRENT ASSETS
Stocks 25,000 20,000
Debtors 6 4,016 -
Cash at bank 433,222 415,495
462,238 435,495
CREDITORS
Amounts falling due within one year 7 226,950 243,508
NET CURRENT ASSETS 235,288 191,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

982,620

948,298

CREDITORS
Amounts falling due after more than one
year

8

24,063

29,908
NET ASSETS 958,557 918,390

RILEY'S OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 02779457)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 150 150
Revaluation reserve 9 25,396 25,396
Retained earnings 933,011 892,844
SHAREHOLDERS' FUNDS 958,557 918,390

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 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.

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 Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:




D F Riley - Director



A D Riley - Director


RILEY'S OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 02779457)

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

1. 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 comprises the value of goods and services supplied by the company, net of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% reducing balance
Motor vehicles - 25% reducing balance

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.

No depreciation or amortisation is provided in respect of freehold investment properties.The requirements of the Companies Act 2006 is to depreciate all properties, but the requirement conflicts with the generally accepted accounting principle set out in the FRSSE. The directors believe that as these properties are not held for consumption but investment. to depreciate them would not give a true and fair view, and that it is necessary to adopt the FRSSE in order to give a true and fair view.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


RILEY'S OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 02779457)

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

1. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 money purchase scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 30,000
AMORTISATION
At 1 January 2024
and 31 December 2024 30,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

RILEY'S OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 02779457)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 30,762 146,081 176,843
Additions 13,465 10,000 23,465
At 31 December 2024 44,227 156,081 200,308
DEPRECIATION
At 1 January 2024 24,063 46,469 70,532
Charge for year 5,041 27,403 32,444
At 31 December 2024 29,104 73,872 102,976
NET BOOK VALUE
At 31 December 2024 15,123 82,209 97,332
At 31 December 2023 6,699 99,612 106,311

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 650,000
NET BOOK VALUE
At 31 December 2024 650,000
At 31 December 2023 650,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,200 -
Directors' current accounts 2,816 -
4,016 -

RILEY'S OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 02779457)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,845 5,845
Trade creditors 11,376 8,025
Corporation tax 76,293 104,709
Social security and other taxes 12,579 13,357
VAT 58,621 71,734
Other creditors 4,625 3,937
Directors' current accounts 50,411 31,901
Accrued expenses 7,200 4,000
226,950 243,508

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 24,063 29,908

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 25,396

10. RELATED PARTY DISCLOSURES

During the year consultancy fees were charged to DAS Business Furniture Limited. DAS Business Furniture Limited is under the control of Mr D F Riley, Mrs J Riley and Mr A D Riley. Mr and Mrs Riley and Mr A D Riley own 100% of the shares of Riley's of Saffron Walden Limited . An amount of £nil was outstanding at 31 December 2023. The transactions are not materially different from that which would be charged on a commercial basis.

During the year dividends totalling £150,000 were paid to Mr D F Riley, Mrs J Riley and Mr A D Riley directors of the company (2022 £99,000).

11. ULTIMATE CONTROLLING PARTY

There is no controlling party.

12. REVALUATION RESERVE

The revaluation reserve represents the excess of the valuation of the investment property and investment paintings over original cost. No provision has been made for any liability to corporation tax that could arise in the event of the disposal of these assets.