REGISTERED NUMBER: 09951536 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Richard James Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J Oldaker

J D Wiggins

REGISTERED OFFICE:

173 Victoria Road

Aldershot

GU11 1JU

REGISTERED NUMBER:

09951536 (England and Wales)

ACCOUNTANTS:

Blackwood Futcher & Co.

Chartered Accountants

9 St George's Yard

Farnham

Surrey

GU9 7LW

FIXED ASSETS

Tangible assets

4

340,000

205,374

CURRENT ASSETS

Debtors

5

1,514

2,491

Cash at bank

18,034

8,351

19,548

10,842

CREDITORS

Amounts falling due within one year

6

69,553

65,904

NET CURRENT LIABILITIES

(50,005

)

(55,062

)

TOTAL ASSETS LESS CURRENT LIABILITIES

289,995

150,312

CREDITORS

Amounts falling due after more than one year

7

(61,929

)

(67,921

)

PROVISIONS FOR LIABILITIES

(32,269

)

-

NET ASSETS

195,797

82,391

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Other reserves

103,467

-

Retained earnings

91,330

81,391

195,797

82,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Property Ltd 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 as modified by the revaluation of certain assets.

Turnover

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

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 - 1% on straight line

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 February 2024

210,924

Revaluations

135,736

At 31 January 2025

346,660

DEPRECIATION

At 1 February 2024

5,550

Charge for year

1,110

At 31 January 2025

6,660

NET BOOK VALUE

At 31 January 2025

340,000

At 31 January 2024

205,374

Cost or valuation at 31 January 2025 is represented by:

Land and

buildings

£

Valuation in 2004

135,736

Cost

210,924

346,660

The freehold property was valued on an open market basis on 31 January 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

1,514

2,491

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

11,625

11,625

Taxation and social security

2,592

3,133

Other creditors

55,336

51,146

69,553

65,904

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

61,929

67,921

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

17,315

19,161

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loan

51,440

53,286

The company has a fixed and floating charge held by the bank over the company assets as security held for the bank loan.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

R J Oldaker

Balance outstanding at start of year

940

-

Amounts advanced

-

940

Amounts repaid

(940

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

940

J D Wiggins

Balance outstanding at start of year

940

-

Amounts advanced

-

940

Amounts repaid

(940

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

940

10.	RELATED PARTY DISCLOSURES

Included in creditors at the balance sheet date is a loan of £53,896 (2024 - £51,146) due to Richard James Investments Limited, a company controlled by the directors. Interest is being charged at 5.5% per annum.