REGISTERED NUMBER: 06765687 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Richard James Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Oldaker

J D Wiggins

SECRETARIES:

Mrs E J Oldaker

Mrs N Antoinet Wiggins

REGISTERED OFFICE:

173 Victoria Road

Aldershot

GU11 1JU

REGISTERED NUMBER:

06765687 (England and Wales)

ACCOUNTANTS:

Blackwood Futcher & Co.

Chartered Accountants

9 St George's Yard

Farnham

Surrey

GU9 7LW

FIXED ASSETS

Intangible assets

4

119,310

172,321

Tangible assets

5

98,008

83,841

217,318

256,162

CURRENT ASSETS

Debtors

6

64,673

54,264

Cash at bank

242,052

259,094

306,725

313,358

CREDITORS

Amounts falling due within one year

7

138,862

147,065

NET CURRENT ASSETS

167,863

166,293

TOTAL ASSETS LESS CURRENT LIABILITIES

385,181

422,455

CREDITORS

Amounts falling due after more than one year

8

(18,313

)

(22,459

)

PROVISIONS FOR LIABILITIES

(2,393

)

(2,978

)

ACCRUALS AND DEFERRED INCOME

-

(7,349

)

NET ASSETS

364,475

389,669

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

363,475

388,669

364,475

389,669

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 6 March 2025 and were signed on its behalf by:

R J Oldaker - Director

1.	STATUTORY INFORMATION

Richard James Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, 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

Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Land and buildings - 2% on straight line

Fixtures and fittings - 25% on reducing balance

Motor vehicles - 20% on cost

Computer equipment - 25% on reducing balance

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

598,610

AMORTISATION

At 1 January 2024

426,289

Charge for year

53,011

At 31 December 2024

479,300

NET BOOK VALUE

At 31 December 2024

119,310

At 31 December 2023

172,321

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

95,184

50,938

146,122

Additions

-

26,947

26,947

Disposals

-

(11,730

)

(11,730

)

At 31 December 2024

95,184

66,155

161,339

DEPRECIATION

At 1 January 2024

23,254

39,027

62,281

Charge for year

1,904

6,184

8,088

Eliminated on disposal

-

(7,038

)

(7,038

)

At 31 December 2024

25,158

38,173

63,331

NET BOOK VALUE

At 31 December 2024

70,026

27,982

98,008

At 31 December 2023

71,930

11,911

83,841

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

64,673

54,264

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

4,146

4,146

Trade creditors

3,465

4,958

Taxation and social security

119,118

124,197

Other creditors

12,133

13,764

138,862

147,065

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

18,313

22,459

9.	RELATED PARTY DISCLOSURES

At the year end, the company was owed an amount of £53,666 (2023 - £50,917) from Richard James Property Ltd, a company controlled by the directors.

This balance includes a loan of £50,000, which accrues interest at a rate of 5.5% per annum and is repayable on demand.