REGISTERED NUMBER: 01005465 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

J V Richards (Rietfontein) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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

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

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.

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

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

-

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.