Company Registration No. 08156827 (England and Wales)
RICKLEFORD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
RICKLEFORD LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
RICKLEFORD LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
28 NOVEMBER 2024
28 November 2024
- 1 -
2024
2023
As restated
Notes
£
£
£
£
Current assets
Trade and other receivables
5
86,491,765
80,806,469
Cash and cash equivalents
1,561,276
2,307,580
88,053,041
83,114,049
Current liabilities
6
(7,186,066)
(4,033,249)
Net current assets
80,866,975
79,080,800
Non-current liabilities
7
(22,000,000)
(22,000,000)
Net assets
58,866,975
57,080,800
Equity
Called up share capital
8
2,100
2,100
Retained earnings
58,864,875
57,078,700
Total equity
58,866,975
57,080,800

For the financial year ended 28 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 25 August 2025
Mr David Sullivan
Director
Company registration number 08156827 (England and Wales)
RICKLEFORD LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 NOVEMBER 2024
- 2 -
Share capital
Retained earnings
Total
£
£
£
Balance at 29 November 2022
2,100
53,410,431
53,412,531
Year ended 28 November 2023:
Profit and total comprehensive income
-
3,668,269
3,668,269
Balance at 28 November 2023
2,100
57,078,700
57,080,800
Year ended 28 November 2024:
Profit and total comprehensive income
-
1,786,175
1,786,175
Balance at 28 November 2024
2,100
58,864,875
58,866,975
RICKLEFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2024
- 3 -
1
Company information

Rickleford Ltd is a private company limited by shares incorporated in England and Wales with Company Registration Number 08156827. The registered office is Ramillies House, 2 Ramillies Street, London, W1F 7LN.

2
Compliance with accounting standard

The financial statements have been prepared in accordance with the provision of FRS 102 including the disclosure requirements of section 1A for small entities. There were no material departures from the standard.

 

These financial statements for the year ended 28 November 2024 of Rickleford Limited are prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

3
Accounting policies
3.1
Accounting convention

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

 

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

3.2
Revenue

Turnover represents amounts of interest and arrangement fees receivable from providing finance to private individuals and small and medium sized enterprises.

3.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

RICKLEFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 NOVEMBER 2024
3
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, unless the debt is provided by the director when they are carried at the transaction amount. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between treatment of certain items for accounts purposes and their treatment for tax purposes.

 

Tax deferred or accelerated is accounted for in respect of all material timing difference.

 

During the period, no provision has been made for deferred tax as there were no such gains recognised for the period on any assets.

4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
RICKLEFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 NOVEMBER 2024
- 5 -
5
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Trade receivables
6,556,260
787,034
Amounts owed by group undertakings
-
0
9,350
6,556,260
796,384
Trade receivables less than one year include loan capital and interest income receivable.
Amounts falling due after more than one year:
Trade receivables
79,935,505
80,010,085
Total debtors
86,491,765
80,806,469
Trade receivables more than one year include loan capital and interest income of £46,151,859 (2023: £43,801,859) receivable from an associated company.
6
Current liabilities
2024
2023
£
£
Amounts owed to group undertakings
6,720,000
3,220,000
Corporation tax
411,967
760,749
Other payables
54,099
52,500
7,186,066
4,033,249
7
Non-current liabilities
2024
2023
£
£
Other payables
22,000,000
22,000,000

Other payables includes Preference shares with 1% coupons attached to them.

8
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary 'A' share of £1 each
100
100
Ordinary 'B' share of £1 each
1,000
1,000
Ordinary 'C' share of £1 each
1,000
1,000
2,100
2,100
RICKLEFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 NOVEMBER 2024
8
Called up share capital
(Continued)
- 6 -

The A, B and C shares have the following rights to income and capital:

 

Voting each holder of A shares shall be entitled to receive notice of, and shall be entitled to attend either in person or by proxy, any general meeting of the company and on a show of hands shall have one vote and on a poll shall have one vote for every such share in respect of which he is the holder.

 

Each holder of B Shares shall be entitled to receive notice of, but shall not be entitled to attend or vote at any general meeting until the earlier of (i) immediately before a sale, or (ii) the date falling 21 years from the date of adoption of the articles of association adopted on 22nd April 2014, at which time each holder of B shares shall become entitled to attend either in person or by proxy, any general meeting of the company and on a show of hands shall have one vote and on a poll shall have one vote for every such share in respect of which he is a holder.

 

Each holder of C Shares shall be entitled to receive notice of, but shall not be entitled to attend or vote at any general meeting until the earlier of (i) immediately before a sale, or (ii) the date falling 21 years from the date of adoption of the articles of association adopted on 22nd April 2014, at which time each holder of C shares shall become entitled to attend either in person or by proxy, any general meeting of the company and on a show of hands shall have one vote and on a poll shall have one vote for every such share in respect of which he is a holder.

9
Corresponding amounts

In certain cases, the director has reanalysed the corresponding amounts in order to make their disclosure more meaningful.

10
Parent company

As at the year end, the company is under the control of Rickleford Group Limited, a company registered in England and Wales with registration number 11087869, by virtue of its shareholding.

 

The director, Mr D. Sullivan is the ultimate controlling party by virtue of his shareholding in Rickleford Group Limited.

11
Related party transactions

The company has taken advantage of the exemption in FRS102 35.1A not to disclose transactions between group where subsidiaries are wholly owned by the parent.

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