Registration number: 09586599

Richardson Commercial Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Richardson Commercial Ltd

(Registration number: 09586599)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	4,645	4,222
Investment property	6	585,000	585,000
		589,645	589,222
Current assets
Debtors	7	3,780	2,890
Cash at bank and in hand		89,109	46,232
		92,889	49,122
Creditors: Amounts falling due within one year	8	(43,134)	(59,765)
Net current assets/(liabilities)		49,755	(10,643)
Net assets		639,400	578,579
Capital and reserves
Called up share capital		100	100
Revaluation reserve		184,183	184,183
Retained earnings		455,117	394,296
Shareholders' funds		639,400	578,579

Richardson Commercial Ltd

(Registration number: 09586599)
Balance Sheet as at 31 May 2025

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2025 and signed on its behalf by:
 

......................................... Mr Paul Anthony Richardson Director

Richardson Commercial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of property services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Richardson Commercial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for property services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Taxation

	2025		2024
	£		£
Corporation tax	30,085		13,910

Richardson Commercial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 2).

5	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 June 2024	7,873	7,873
Additions	1,905	1,905
At 31 May 2025	9,778	9,778
Depreciation
At 1 June 2024	3,651	3,651
Charge for the year	1,482	1,482
At 31 May 2025	5,133	5,133
Carrying amount
At 31 May 2025	4,645	4,645
At 31 May 2024	4,222	4,222

6	Investment properties

	2025 £
At 1 June	585,000
At 31 May	585,000

Fair value of the investment property is £585,000 (2024: £585,000). This was provided from the directors personal valuation of each property. No formal valuation has been carried out.

Richardson Commercial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	3,392	2,890
Other debtors	388	-
	3,780	2,890

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		-	15,332
Trade creditors		118	44
Taxation and social security		39,076	19,403
Other creditors		3,940	24,986
		43,134	59,765