REGISTERED NUMBER: 02192148 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Richmond Classics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N Haynes

Mr K McNicol

REGISTERED OFFICE:

3 Westover Road

Bournemouth

Dorset

BH1 2BY

REGISTERED NUMBER:

02192148 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,888

6,964

Investment property

6

-

545,000

5,888

551,964

CURRENT ASSETS

Stocks

267,783

295,200

Debtors

7

162,035

122,701

Cash at bank and in hand

39,467

123,346

469,285

541,247

CREDITORS

Amounts falling due within one year

8

129,510

192,169

NET CURRENT ASSETS

339,775

349,078

TOTAL ASSETS LESS CURRENT LIABILITIES

345,663

901,042

PROVISIONS FOR LIABILITIES

1,323

1,323

NET ASSETS

344,340

899,719

CAPITAL AND RESERVES

Called up share capital

7,337

7,337

Other reserves

-

219,836

Retained earnings

337,003

672,546

SHAREHOLDERS' FUNDS

344,340

899,719

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 31 October 2025 and were signed on its behalf by:

Mr N Haynes - Director

Mr K McNicol - Director

1.	STATUTORY INFORMATION

Richmond Classics 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 amounts receivable for clothing items net of VAT and trade discounts, and is recognised at the point of sale.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at

cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Stocks

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

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 14 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 February 2024

and 31 January 2025

15,560

AMORTISATION

At 1 February 2024

and 31 January 2025

15,560

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2024

and 31 January 2025

1,910

327,448

2,674

332,032

DEPRECIATION

At 1 February 2024

1,910

320,801

2,357

325,068

Charge for year

-

997

79

1,076

At 31 January 2025

1,910

321,798

2,436

326,144

NET BOOK VALUE

At 31 January 2025

-

5,650

238

5,888

At 31 January 2024

-

6,647

317

6,964

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

545,000

Disposals

(545,000

)

At 31 January 2025

-

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

545,000

Fair value at 31 January 2025 is represented by:

£

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

19,105

22,701

Amounts owed by participating interests

136,000

100,000

Other debtors

6,930

-

162,035

122,701

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

19,412

41,149

Taxation and social security

31,409

45,322

Other creditors

78,689

105,698

129,510

192,169

9.	RELATED PARTY DISCLOSURES

The directors, Mr K McNicol and Mr N Haynes, are considered key management personnel.