REGISTERED NUMBER: 12051101 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

RICJAM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J A Goldsobel

Mr R D L Power

SECRETARY:

Mr R D L Power

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

12051101 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Investment property

4

450,000

450,000

CURRENT ASSETS

Debtors

5

780

-

Cash at bank

5,616

5,319

6,396

5,319

CREDITORS

Amounts falling due within one year

6

(60,779

)

(64,393

)

NET CURRENT LIABILITIES

(54,383

)

(59,074

)

TOTAL ASSETS LESS CURRENT LIABILITIES

395,617

390,926

CREDITORS

Amounts falling due after more than one year

7

(339,481

)

(337,500

)

PROVISIONS FOR LIABILITIES

10

(12,265

)

(12,265

)

NET ASSETS

43,871

41,161

CAPITAL AND RESERVES

Called up share capital

11

100

100

Fair value reserve

12

36,794

36,794

Retained earnings

6,977

4,267

SHAREHOLDERS' FUNDS

43,871

41,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 24 October 2025 and were signed on its behalf by:

Mr J A Goldsobel - Director

Mr R D L Power - Director

1.	STATUTORY INFORMATION

Ricjam 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rent received.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Going concern

The company's balance sheet shows net current liabilities of £54,383 (2024: £59,074). However, the main element of this is the intercompany balance with Richard James Estate Agents Limited £58,464 (2024: £61,464). The directors will continue to provide support to the company and they will not seek to withdraw funds from the company unless there are sufficient funds available. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Taxation

Taxation for the period 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 period 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 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

450,000

NET BOOK VALUE

At 30 June 2025

450,000

At 30 June 2024

450,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2022

49,058

Cost

400,942

450,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

780

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Amounts owed to related party

58,464

61,464

Taxation and social security

1,325

1,939

Other creditors

990

990

60,779

64,393

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans (see note 8)

339,481

337,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

339,481

337,500

8.

LOANS

An analysis of the maturity of loans is given below:

30.6.25

30.6.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

339,481

337,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Bank loans

339,481

337,500

The bank loans are secured by a mortgage deed over the company's investment property.

10.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

£

£

Deferred tax

12,265

12,265

Deferred

tax

£

Balance at 1 July 2024

12,265

Balance at 30 June 2025

12,265

11.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

100

Share capital 1

£1

100

100

12.

RESERVES

Fair

value

reserve

£

At 1 July 2024

and 30 June 2025

36,794

13.	RELATED PARTY DISCLOSURES

Included in the creditors is an amount of £58,464 (2024: £61,464) owed to Richard James Estate Agents Limited, a company related by virtue of common shareholding.