Company registration number 11087869 (England and Wales)
RICKLEFORD GROUP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
RICKLEFORD GROUP LTD
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
RICKLEFORD GROUP LTD
STATEMENT OF FINANCIAL POSITION
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
6
187,966,629
186,180,454
Current assets
Trade and other receivables
8
6,720,000
3,220,000
Cash and cash equivalents
5,268,732
8,472,294
11,988,732
11,692,294
Current liabilities
9
(320,505)
(324,773)
Net current assets
11,668,227
11,367,521
Total assets less current liabilities
199,634,856
197,547,975
Non-current liabilities
10
(22,004,400)
(22,004,400)
Net assets
177,630,456
175,543,575
Equity
Called up share capital
11
2,100
2,100
Merger reserve
168,000,000
168,000,000
Retained earnings
9,628,356
7,541,475
Total equity
177,630,456
175,543,575

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

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

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 11087869 (England and Wales)
RICKLEFORD GROUP LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
Share capital
Merger reserves
Retained earnings
Total
£
£
£
£
Balance at 1 December 2022
2,100
168,000,000
3,554,749
171,556,849
Year ended 30 November 2023:
Profit and total comprehensive income for the year
-
-
3,986,726
3,986,726
Balance at 30 November 2023
2,100
168,000,000
7,541,475
175,543,575
Year ended 30 November 2024:
Profit and total comprehensive income for the year
-
-
2,086,881
2,086,881
Balance at 30 November 2024
2,100
168,000,000
9,628,356
177,630,456
RICKLEFORD GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Company information

Rickleford Group Ltd is a private company limited by shares incorporated in England and Wales with company registration number 11087869. The registered office is Ramillies House, 2 Ramillies Street, London, W1F 7LN.

2
Compliance with accounting standard

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies Regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 

There were no material departures from the standard.

3
Accounting policies
3.1
Accounting convention

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 £.

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

3.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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. 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.

RICKLEFORD GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
3
Accounting policies
(Continued)
- 4 -
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.

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. Financial liabilities classified as payable within one year are not amortised.

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 deferred tax provision was required.

3.7

Group accounts

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

RICKLEFORD GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
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
5
Investment income
2024
2023
£
£
Investment income includes the following:
Interest receivable from group companies
220,000
220,000
6
Fixed asset investments
2024
2023
£
£
Investments
187,966,629
186,180,454
Movements in non-current investments
Shares in group undertakings
£
Cost or valuation
At 1 December 2023 & 30 November 2024
190,002,100
Impairment
At 1 December 2023
3,821,646
Impairment loss reversals
(1,786,175)
At 30 November 2024
2,035,471
Carrying amount
At 30 November 2024
187,966,629
At 30 November 2023
186,180,454
7
Subsidiaries

Details of the company's subsidiaries at 30 November 2024 are as follows:

RICKLEFORD GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
7
Subsidiaries
(Continued)
- 6 -
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Rickleford Limited
England and Wales
Ordinary
100.00
New Rickleford Limited
England and Wales
Ordinary
100.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Rickleford Limited
58,866,975
1,786,175
New Rickleford Limited
140,386,369
3,473,288
8
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
6,720,000
3,220,000
9
Current liabilities
2024
2023
£
£
Amounts owed to group undertakings
-
0
9,350
Corporation tax
100,505
95,423
Other payables
220,000
220,000
320,505
324,773
10
Non-current liabilities
2024
2023
£
£
Other payables
22,004,400
22,004,400
RICKLEFORD GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 7 -
11
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
500,100 A shares of 0.0002p each
100
100
5,001,000 B shares of 0.0002p each
1,000
1,000
5,001,000 C shares of 0.0002p each
1,000
1,000
2,100
2,100

In the previous year all the ordinary shares of £0.0002 each were allotted and fully paid at a total premium of £168,000,000 for cash consideration to provide additional working capital.

 

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

 

The A shares are entitled to income distributions, capital distributions and capital proceeds on a sale of A shares upto £135,252,066 in aggregate. The B shares are entitled to income distributions, capital distributions and capital proceeds on a sale of B shares upto £17,120,515 after the holders of A shares have received £135,252,066 in aggregate. The C shares are entitled to income distributions, capital distributions and capital proceeds on a sale of C shares, after the holders of A shares and B shares have received £152,372,581 in aggregate.

12
Related party transactions

The company has taken advantage of the exemption in FRS102 33.1A(b) not to disclose transactions between group companies where subsidiaries are wholly owned by the parent.

13
Control

The company is under the control of its director, Mr D. Sullivan by virtue of his shareholding.

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