REGISTERED NUMBER: 07960725 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

RICHARD & ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

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

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.

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

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.

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

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

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

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