REGISTERED NUMBER: 08809742 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

AGE UK RICHMOND SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M F T Monteiro

D H King

G S Shand

SECRETARY:

D Baggs

REGISTERED OFFICE:

The White House

45 The Avenue

Hampton

Richmond Upon Thames

TW12 3RN

REGISTERED NUMBER:

08809742 (England and Wales)

SENIOR STATUTORY AUDITOR:

Jonathan Askew FCA

AUDITORS:

Hartley Fowler LLP

Statutory Auditors

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

FIXED ASSETS

Tangible assets

4

19,071

15,313

CURRENT ASSETS

Stocks

8,370

5,502

Debtors

5

192,454

581,732

Cash at bank

220,155

167,486

420,979

754,720

CREDITORS

Amounts falling due within one year

6

399,648

725,671

NET CURRENT ASSETS

21,331

29,049

TOTAL ASSETS LESS CURRENT LIABILITIES

40,402

44,362

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

40,401

44,361

SHAREHOLDERS' FUNDS

40,402

44,362

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 21 August 2025 and were signed on its behalf by:

D H King - Director

1.	STATUTORY INFORMATION

Age UK Richmond Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Revenue grants are recognised using the accrual model and are therefore recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Revenue grants are measured at fair value, being the amount of cash receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Cash at bank is measured at transaction price.

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account in other

administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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.

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.

Covenanted charitable donation

The covenanted charitable donation represents the amounts paid out of retained earnings to the parent charity during the period. In accordance with paragraph 22.17 of FRS 102, the gift aid payment is recognised as a distribution to owners in equity and not as an expense in the income statement.

Leasing commitments

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the income statement on a straight-line basis over the lifetime of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2024

19,203

Additions

11,995

Disposals

(1,700

)

At 31 March 2025

29,498

DEPRECIATION

At 1 April 2024

3,890

Charge for year

6,820

Eliminated on disposal

(283

)

At 31 March 2025

10,427

NET BOOK VALUE

At 31 March 2025

19,071

At 31 March 2024

15,313

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,254

375,476

Amounts owed by group undertakings

-

58,416

Other debtors

185,200

147,840

192,454

581,732

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

183,515

166,654

Amounts owed to group undertakings

56,679

94,681

Taxation and social security

2,231

61,251

Other creditors

157,223

403,085

399,648

725,671

7.	LEASING AGREEMENTS

Minimum lease payments under operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

64,060

64,060

Between one and five years

256,240

37,368

More than five years

64,060

-

384,360

101,428

The company has other financial commitments as follows:

31.3.25

31.3.24

£

£

Within one year

23,975

23,975

Between one and five years

95,900

13,985

More than five years

23,975

-

143,850

37,960

Obligations under both the lease payments and other financial commitments commenced on 1 November 2019 and expire on 31 October 2025, although there are break clauses linked to the Community Independent Living Contract (CiLS) contract with the council.This contract has now been extended up until the 31 March 2031.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Askew FCA (Senior Statutory Auditor)

for and on behalf of Hartley Fowler LLP

9.	RELATED PARTY DISCLOSURES

The parent and ultimate controlling party is Age UK Richmond upon Thames. Age UK Richmond upon Thames prepare consolidated financial statements and its registered office is The White House Community Centre, 45 The Avenue, Hampton, TW12 3RN.