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REGISTERED NUMBER: 07960725 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

RICHARD & ASSOCIATES LIMITED

RICHARD & ASSOCIATES LIMITED (REGISTERED NUMBER: 07960725)

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 |

Chartered Accountants' Report | 8 |

RICHARD & ASSOCIATES LIMITED

Company Information

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | K Richard

| Mrs A Richard

| REGISTERED OFFICE: | The Granary

| Dunorlan Farm

| Halls Hole Road

| Tunbridge Wells

| Kent

| TN2 4RE

| REGISTERED NUMBER: | 07960725 (England and Wales)

| ACCOUNTANTS: | Perspective Accounting Limited

| Unit B2, Birdineye Farm

| Birdineye Hill

| Uckfield

| East Sussex

| TN22 5HA

RICHARD & ASSOCIATES LIMITED (REGISTERED NUMBER: 07960725)

Balance Sheet

31 MARCH 2025

| 31/3/25 | 31/3/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 8,997 |  | 8,027 |  |

Investment property | 5 | 4,655,000 |  | 4,327,500 |  |

4,663,997 |  | 4,335,527 |  |

CURRENT ASSETS

Debtors | 6 | 100,409 |  | 176,554 |  |

Cash at bank | 242,239 |  | 163,360 |  |

342,648 |  | 339,914 |  |

CREDITORS

Amounts falling due within one year | 7 | 119,900 |  | 167,368 |  |

NET CURRENT ASSETS | 222,748 |  | 172,546 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,886,745 |  | 4,508,073 |  |

PROVISIONS FOR LIABILITIES | 8 | 262,126 |  | 215,062 |  |

NET ASSETS | 4,624,619 |  | 4,293,011 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 9 | 4,624,519 |  | 4,292,911 |  |

SHAREHOLDERS' FUNDS | 4,624,619 |  | 4,293,011 |  |

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.

RICHARD & ASSOCIATES LIMITED (REGISTERED NUMBER: 07960725)

Balance Sheet - continued

31 MARCH 2025

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 4 December 2025 and were signed on its behalf by:

K Richard - Director

RICHARD & ASSOCIATES LIMITED (REGISTERED NUMBER: 07960725)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

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

| Turnover represents the total amount of rental income and insurance recharged to tenants in respect of the investment properties held.

| Rental income is recognised on an accruals basis over the period which the property is let.

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on reducing balance

| Land & buildings are carried at the revalued amount and are shown at their current value at the balance sheet date. The valuation is provided by the director at the end of each year.

| 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.

| The basis of valuation is Open Market Value based on comparable evidence from similar properties in the vicinity of each subject property. The comparable evidence is a combination of rental, sales and investment yields in line with RICS guidelines.

| 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.

RICHARD & ASSOCIATES LIMITED (REGISTERED NUMBER: 07960725)

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 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 27,845 |  |

| Additions | 9,112 |  |

| Disposals | (15,756 | ) |

| At 31 March 2025 | 21,201 |  |

| DEPRECIATION

| At 1 April 2024 | 19,818 |  |

| Charge for year | 2,999 |  |

| Eliminated on disposal | (10,613 | ) |

| At 31 March 2025 | 12,204 |  |

| NET BOOK VALUE

| At 31 March 2025 | 8,997 |  |

| At 31 March 2024 | 8,027 |  |

RICHARD & ASSOCIATES LIMITED (REGISTERED NUMBER: 07960725)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 4,327,500 |  |

| Revaluations | 327,500 |  |

| At 31 March 2025 | 4,655,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 4,655,000 |  |

| At 31 March 2024 | 4,327,500 |  |

| No depreciation is provided in respect of the investment properties.

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 4,655,000 |  |

| If investment properties had not been revalued they would have been included at the following historical cost:

| 31/3/25 |  | 31/3/24

£ | £ |

| Cost | 3,680,133 |  | 3,680,133 |  |

| The investment properties were valued on an open market basis on 31 March 2025 by Oliver Chapman MRICS. .

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

| 31/3/25 |  | 31/3/24

£ | £ |

| Trade debtors | 11,587 |  | 12,790 |  |

| Other debtors | 88,822 |  | 163,764 |  |

100,409 |  | 176,554 |  |

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

| 31/3/25 |  | 31/3/24

£ | £ |

| Taxation and social security | 24,660 |  | 29,140 |  |

| Other creditors | 95,240 |  | 138,228 |  |

119,900 |  | 167,368 |  |

RICHARD & ASSOCIATES LIMITED (REGISTERED NUMBER: 07960725)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

8. | PROVISIONS FOR LIABILITIES

| 31/3/25 |  | 31/3/24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 2,249 |  | 2,006 |  |

| Other timing differences | 259,877 |  | 213,056 |  |

262,126 |  | 215,062 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 215,062 |  |

| Property revaluation | 46,821 |  |

| Unwinding capital allowances | 243 |  |

| Balance at 31 March 2025 | 262,126 |  |

9. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | 4,292,911 |  |

| Profit for the year | 334,108 |  |

| Dividends | (2,500 | ) |

| At 31 March 2025 | 4,624,519 |  |

10. | OTHER FINANCIAL COMMITMENTS

| At the year end, the company had made commitments to property repairs totalling approximately £70,684. The majority of this amount has been paid subsequent to the year end and the remainder will be paid in due course.

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| At the start of the year, the company had borrowed a total of £69,895 from Director, Mr K Richard. During the year, this loan was repaid with a further £64,472 (in total) lent to Mr Richard. This was the balance at the end of the year, although the majority of this has been repaid since the year end. Interest has been charged on this overdrawn loan at 2.25% (a total of £372.05 in the year). This loan balance is repayable on demand, with the majority having been repaid since the end of the year.

12. | ULTIMATE CONTROLLING PARTY

| The controlling party is Kalmax Limited..

| The ultimate controlling party is K Richard.

| The parent company is registered in England & Wales (no: 00546913) with a Registered Office address of Unit B2, Birdineye Farm, Birdineye Hill, Uckfield, East Sussex, TN22 5HA

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Richard & Associates Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Richard & Associates Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Richard & Associates Limited, as a body, in accordance with the terms of our engagement letter dated 19 October 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Richard & Associates Limited and state those matters that we have agreed to state to the Board of Directors of Richard & Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Richard & Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Richard & Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Richard & Associates Limited. You consider that Richard & Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Richard & Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Perspective Accounting Limited

Unit B2, Birdineye Farm

Birdineye Hill

Uckfield

East Sussex

TN22 5HA

4 December 2025