Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312023-09-01falseProperty letting11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05192817 2023-09-01 2024-08-31 05192817 2022-09-01 2023-08-31 05192817 2024-08-31 05192817 2023-08-31 05192817 c:Director1 2023-09-01 2024-08-31 05192817 d:Buildings 2024-08-31 05192817 d:Buildings 2023-08-31 05192817 d:CurrentFinancialInstruments 2024-08-31 05192817 d:CurrentFinancialInstruments 2023-08-31 05192817 d:Non-currentFinancialInstruments 2024-08-31 05192817 d:Non-currentFinancialInstruments 2023-08-31 05192817 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 05192817 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 05192817 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 05192817 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 05192817 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 05192817 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 05192817 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-08-31 05192817 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 05192817 d:ShareCapital 2024-08-31 05192817 d:ShareCapital 2023-08-31 05192817 d:RetainedEarningsAccumulatedLosses 2024-08-31 05192817 d:RetainedEarningsAccumulatedLosses 2023-08-31 05192817 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-08-31 05192817 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-08-31 05192817 c:FRS102 2023-09-01 2024-08-31 05192817 c:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05192817 c:FullAccounts 2023-09-01 2024-08-31 05192817 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05192817 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 05192817










RICHMORE PROJECT MANAGEMENT LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
RICHMORE PROJECT MANAGEMENT LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RICHMORE PROJECT MANAGEMENT LTD
FOR THE YEAR ENDED 31 AUGUST 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Richmore Project Management Ltd for the year ended 31 August 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Richmore Project Management Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Richmore Project Management Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Richmore Project Management Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Richmore Project Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Richmore Project Management Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Richmore Project Management Ltd. 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.







Shipleys Tax Planning

27 August 2025
Page 1

 
RICHMORE PROJECT MANAGEMENT LTD
REGISTERED NUMBER: 05192817

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
576,326
576,326

  
576,326
576,326

Current assets
  

Debtors: amounts falling due within one year
 5 
35,000
10,000

Cash at bank and in hand
 6 
11,278
21,703

  
46,278
31,703

Creditors: amounts falling due within one year
 7 
(175,631)
(155,647)

Net current liabilities
  
 
 
(129,353)
 
 
(123,944)

Total assets less current liabilities
  
446,973
452,382

Creditors: amounts falling due after more than one year
 8 
(182,865)
(212,597)

  

Net assets
  
264,108
239,785


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
264,106
239,783

  
264,108
239,785


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2025.




Page 2

 
RICHMORE PROJECT MANAGEMENT LTD
REGISTERED NUMBER: 05192817

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024



Abdul Nassar Khalil
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
RICHMORE PROJECT MANAGEMENT LTD
 

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

1.


General information

Richmore Project Management Ltd is a company domiciled in England & Wales, registration number 05192817. The registered office is 75A Broadway, Peterborough, PE1 1SY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
RICHMORE PROJECT MANAGEMENT LTD
 

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

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
RICHMORE PROJECT MANAGEMENT LTD
 

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

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
RICHMORE PROJECT MANAGEMENT LTD
 

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

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet 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.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Page 7

 
RICHMORE PROJECT MANAGEMENT LTD
 

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

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 September 2023
576,326



At 31 August 2024

576,326






Net book value



At 31 August 2024
576,326



At 31 August 2023
576,326


5.


Debtors

2024
2023
£
£


Other debtors
35,000
10,000

35,000
10,000



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,278
21,703

11,278
21,703


Page 8

 
RICHMORE PROJECT MANAGEMENT LTD
 

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
31,770
26,410

Other creditors
124,081
125,817

Accruals and deferred income
19,780
3,420

175,631
155,647



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
182,865
212,597

182,865
212,597



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
17,500
27,500


17,500
27,500

Amounts falling due after more than 5 years

Bank loans
165,365
185,097

165,365
185,097

182,865
212,597


Page 9

 
RICHMORE PROJECT MANAGEMENT LTD
 

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

10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
11,278
21,703




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.

Page 10

 
RICHMORE PROJECT MANAGEMENT LTD
 

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

11.


Related party transactions

During the year the company repaid the director £1,736. At the balance sheet date other creditors included £124,081 (2023: £125,817) as amounts owed to the director.
There was no movement in the balance owed from Khaleel Properties Ltd (a company related to the director Mr A Khalil) during the year. At the balance sheet date other debtors included £10,000 
(2023: £10,000) as amounts owed to the company. 


12.


Controlling party

The company is controlled by the director Mr A N Khalil.


Page 11