Richy's Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 05917831

		2022		2021
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		322,295		322,295

			322,295		322,295
CURRENT ASSETS
Stocks	5	-		5,608
Debtors	6	6,922		6,922
Cash at bank and in hand		2,062		2,062

		8,984		14,592
Creditors: Amounts Falling Due Within One Year	7	(71,078 )		(71,078 )

NET CURRENT ASSETS (LIABILITIES)			(62,094 )		(56,486 )

TOTAL ASSETS LESS CURRENT LIABILITIES			260,201		265,809

Creditors: Amounts Falling Due After More Than One Year	8		(227,000 )		(227,000 )

NET ASSETS			33,201		38,809

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			33,200		38,808

SHAREHOLDERS' FUNDS			33,201		38,809

Page 1

Page 2

Richy's Developments Limited

Balance Sheet (continued)

As At 31 August 2022

For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Parkin

Director

15/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Richy's Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05917831 . The registered office is 7-8 Kingfisher Way, Silverlink Business Park, Wallsend, NE28 9NX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% Reducing

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2021: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 September 2021	322,295

As at 31 August 2022	322,295

Net Book Value
As at 31 August 2022	322,295

As at 1 September 2021	322,295

5. Stocks

	2022	2021
	£	£
Stock	-	5,608

6. Debtors

	2022	2021
	£	£
Due within one year
Trade debtors	6,922	6,922

7. Creditors: Amounts Falling Due Within One Year

	2022	2021
	£	£
Trade creditors	71,078	71,078

Page 3

Page 4

Richy's Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2022

8. Creditors: Amounts Falling Due After More Than One Year

	2022	2021
	£	£
Bank loans	227,000	227,000

9. Share Capital

	2022	2021
	£	£
Allotted, Called up and fully paid	1	1