IRIS Accounts Production v25.3.0.601 01005465 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01005465 2024-03-31 01005465 2025-03-31 01005465 2024-04-01 2025-03-31 01005465 2023-03-31 01005465 2023-04-01 2024-03-31 01005465 2024-03-31 01005465 ns15:EnglandWales 2024-04-01 2025-03-31 01005465 ns14:PoundSterling 2024-04-01 2025-03-31 01005465 ns10:Director1 2024-04-01 2025-03-31 01005465 ns10:Director2 2024-04-01 2025-03-31 01005465 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01005465 ns10:SmallEntities 2024-04-01 2025-03-31 01005465 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01005465 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 01005465 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01005465 ns10:FullAccounts 2024-04-01 2025-03-31 01005465 ns10:Director3 2024-04-01 2025-03-31 01005465 ns10:Director4 2024-04-01 2025-03-31 01005465 ns10:CompanySecretary1 2024-04-01 2025-03-31 01005465 ns10:RegisteredOffice 2024-04-01 2025-03-31 01005465 ns5:CurrentFinancialInstruments 2025-03-31 01005465 ns5:CurrentFinancialInstruments 2024-03-31 01005465 ns5:Non-currentFinancialInstruments 2025-03-31 01005465 ns5:Non-currentFinancialInstruments 2024-03-31 01005465 ns5:ShareCapital 2025-03-31 01005465 ns5:ShareCapital 2024-03-31 01005465 ns5:SharePremium 2025-03-31 01005465 ns5:SharePremium 2024-03-31 01005465 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 01005465 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01005465 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-04-01 2025-03-31 01005465 ns5:PlantMachinery 2024-04-01 2025-03-31 01005465 ns5:FurnitureFittings 2024-04-01 2025-03-31 01005465 ns5:MotorVehicles 2024-04-01 2025-03-31 01005465 ns5:LandBuildings 2024-03-31 01005465 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-03-31 01005465 ns5:PlantMachinery 2024-03-31 01005465 ns5:LandBuildings 2024-04-01 2025-03-31 01005465 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-04-01 2025-03-31 01005465 ns5:LandBuildings 2025-03-31 01005465 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-03-31 01005465 ns5:PlantMachinery 2025-03-31 01005465 ns5:LandBuildings 2024-03-31 01005465 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-03-31 01005465 ns5:PlantMachinery 2024-03-31 01005465 ns5:FurnitureFittings 2024-03-31 01005465 ns5:MotorVehicles 2024-03-31 01005465 ns5:FurnitureFittings 2025-03-31 01005465 ns5:MotorVehicles 2025-03-31 01005465 ns5:FurnitureFittings 2024-03-31 01005465 ns5:MotorVehicles 2024-03-31 01005465 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 01005465 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 01005465 ns5:DeferredTaxation 2024-03-31 01005465 ns5:DeferredTaxation 2025-03-31

REGISTERED NUMBER: 01005465 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

J V Richards (Rietfontein) Ltd

| J V Richards (Rietfontein) Ltd (Registered number: 01005465) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| J V Richards (Rietfontein) Ltd |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mrs S J Fallowes

| Mr J S Richards

| Miss C J Richards

| Mr A T Richards

| SECRETARY: | Mrs S J Fallowes

| REGISTERED OFFICE: | Rietfontein

| Perranwell Station

| Truro

| Cornwall

| TR3 7PJ

| REGISTERED NUMBER: | 01005465 (England and Wales)

| ACCOUNTANTS: | Butler & Co Alresford Limited

| Chartered Accountants

| The Old Stables

| Sutton Manor Farm

| Bishops Sutton

| Alresford

| Hampshire

| SO24 0AA

| J V Richards (Rietfontein) Ltd (Registered number: 01005465) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 600,985 |  | 561,146 |  |

CURRENT ASSETS

Stocks | 212,666 |  | 237,452 |  |

Debtors | 5 | 545,409 |  | 503,657 |  |

Cash at bank | 86 |  | 86 |  |

758,161 |  | 741,195 |  |

CREDITORS

Amounts falling due within one year | 6 | 801,111 |  | 607,708 |  |

NET CURRENT (LIABILITIES)/ASSETS | (42,950 | ) | 133,487 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 558,035 |  | 694,633 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 12,988 |  | - |  |

NET ASSETS | 545,047 |  | 694,633 |  |

CAPITAL AND RESERVES

Called up share capital | 1,044 |  | 1,044 |  |

Share premium | 109,956 |  | 109,956 |  |

Retained earnings | 434,047 |  | 583,633 |  |

SHAREHOLDERS' FUNDS | 545,047 |  | 694,633 |  |

| J V Richards (Rietfontein) Ltd (Registered number: 01005465) |

Balance Sheet - continued

31 March 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings 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:

Mrs S J Fallowes - Director

Miss C J Richards - Director

| J V Richards (Rietfontein) Ltd (Registered number: 01005465) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| J V Richards (Rietfontein) Ltd 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.

| The financial statements have been prepared on a going concern basis follow a review by the directors of the anticipated trading conditions for a period of at least twelve months from the date of approval of these financial statements. The directors believe the Company has sufficient financial support to continue to trade, and it is not expected there will be a significant change in the market conditions which could jepodise this assessment, however the directors are mindful of outside influences such as reputational risk, legislative changes, environmental issues and the continued support of the directors themselves in the day to day management.

| Turnover

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

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Plant and machinery | - | 15% reducing balance basis

| Fixtures and fittings | - | 33% on cost and 15% reducing balance basis

| Motor vehicles | - | 25% reducing balance basis

| Stocks

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

| Reared stocks are valued in accordance with HS232 (formerly BEN19).

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| J V Richards (Rietfontein) Ltd (Registered number: 01005465) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 21 (2024 - 21 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Long |  | Plant and

| property |  | leasehold |  | machinery

£ | £ | £ |

| COST

| At 1 April 2024 | 1,113,503 |  | 148,580 |  | 1,547,446 |  |

| Additions | - |  | - |  | 72,043 |  |

| At 31 March 2025 | 1,113,503 |  | 148,580 |  | 1,619,489 |  |

| DEPRECIATION

| At 1 April 2024 | 656,531 |  | 100,790 |  | 1,520,696 |  |

| Charge for year | 22,170 |  | 2,971 |  | 14,803 |  |

| At 31 March 2025 | 678,701 |  | 103,761 |  | 1,535,499 |  |

| NET BOOK VALUE

| At 31 March 2025 | 434,802 |  | 44,819 |  | 83,990 |  |

| At 31 March 2024 | 456,972 |  | 47,790 |  | 26,750 |  |

| J V Richards (Rietfontein) Ltd (Registered number: 01005465) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 166,978 |  | 174,760 |  | 3,151,267 |  |

| Additions | 17,255 |  | - |  | 89,298 |  |

| At 31 March 2025 | 184,233 |  | 174,760 |  | 3,240,565 |  |

| DEPRECIATION

| At 1 April 2024 | 146,802 |  | 165,302 |  | 2,590,121 |  |

| Charge for year | 7,151 |  | 2,364 |  | 49,459 |  |

| At 31 March 2025 | 153,953 |  | 167,666 |  | 2,639,580 |  |

| NET BOOK VALUE

| At 31 March 2025 | 30,280 |  | 7,094 |  | 600,985 |  |

| At 31 March 2024 | 20,176 |  | 9,458 |  | 561,146 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 417,702 |  | 442,390 |  |

| Other debtors | 127,707 |  | 61,267 |  |

545,409 |  | 503,657 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 289,143 |  | 206,115 |  |

| Hire purchase contracts | 22,167 |  | - |  |

| Trade creditors | 83,941 |  | 61,918 |  |

| Taxation and social security | 7,093 |  | 6,632 |  |

| Other creditors | 398,767 |  | 333,043 |  |

801,111 |  | 607,708 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 12,988 |  | - |  |

| J V Richards (Rietfontein) Ltd (Registered number: 01005465) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | DEFERRED TAX

£ |

| Balance at 1 April 2024 | (32,152 | ) |

| Accelerated capital allowances | (1,335 | ) |

| Trading losses | (27,857 | ) |

| Balance at 31 March 2025 | (61,344 | ) |

9. | RELATED PARTY DISCLOSURES

| During the year, dividends of £nil (2024 - £48,000) were paid to the Directors.

| At the balance sheet date the company owed its directors £340,000 (2024 - £301,000). The directors deem that no other related party transactions need to be disclosed as they are concluded on a commercial basis and do not have a material impact on the understanding of the financial statements.

10. | ULTIMATE CONTROLLING PARTY

| The is no overall controlling party. Various combinations of shareholders can act together to control the company.