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Registration number: 1454900

PAUL RICHARDS & SONS LIMITED
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

PAUL RICHARDS & SONS LIMITED

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

PAUL RICHARDS & SONS LIMITED

Company Information

Directors | Paul Bernard Richards Robert William Richards Daniel Paul Richards-Doran

Company secretary | Christine Richards

Registered office | Dell Farm West End Lane Haslemere Surrey GU27 2EN

PAUL RICHARDS & SONS LIMITED

(Registration number: 1454900)
Balance Sheet as at 31 October 2025

| Note | 31 October 2025 £ | 31 October 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,988 | 4,508
Investment property | 5 | 442,000 | 441,999
|  | 444,988 | 446,507
Current assets |  |  |
Debtors | 6 | 192 | -
Cash at bank and in hand |  | 13,799 | 25,534
|  | 13,991 | 25,534
Creditors: Amounts falling due within one year | 7 | (6,723) | (47,821)
Net current assets/(liabilities) |  | 7,268 | (22,287)
Total assets less current liabilities |  | 452,256 | 424,220
Creditors: Amounts falling due after more than one year | 7 | - | (225,426)
Provisions for liabilities |  | (40,278) | (72)
Net assets |  | 411,978 | 198,722
Capital and reserves |  |  |
Called up share capital | 8 | 4 | 4
Revaluation reserve |  | 225,426 | -
Retained earnings |  | 186,548 | 198,718
Shareholders' funds |  | 411,978 | 198,722

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

PAUL RICHARDS & SONS LIMITED

(Registration number: 1454900)
Balance Sheet as at 31 October 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:

......................................... Paul Bernard Richards Director

PAUL RICHARDS & SONS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Dell Farm
West End Lane
Haslemere
Surrey
GU27 2EN

These financial statements were authorised for issue by the Board on 17 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

PAUL RICHARDS & SONS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Deferred tax assets are recognised only to the extent that it is probable they will be recovered against future taxable profits.
Deferred tax is measured at the tax rates expected to apply when the timing differences reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax balances are not discounted.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

PAUL RICHARDS & SONS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

PAUL RICHARDS & SONS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 November 2024 | 12,824 | 12,508 | 62,583 | 87,915
At 31 October 2025 | 12,824 | 12,508 | 62,583 | 87,915
Depreciation
At 1 November 2024 | 12,822 | 12,270 | 58,315 | 83,407
Charge for the year | 2 | 60 | 1,458 | 1,520
At 31 October 2025 | 12,824 | 12,330 | 59,773 | 84,927
Carrying amount
At 31 October 2025 | - | 178 | 2,810 | 2,988
At 31 October 2024 | 2 | 238 | 4,268 | 4,508

Revaluation

5 | Investment properties

| 31 October 2025 £
At 1 November | 216,574
Fair value adjustments | 225,426
At 31 October | 442,000

The investement property was valued by the director in October 2021 at £442,000. The historic cost was £103,251.

6 | Debtors

Current | 31 October 2025 £ | 31 October 2024 £
Trade debtors | 192 | -
| 192 | -

PAUL RICHARDS & SONS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7 | Creditors

Creditors: amounts falling due within one year

| 31 October 2025 £ | 31 October 2024 £
Due within one year |  |
Taxation and social security | 5,382 | 5,811
Accruals and deferred income | 71 | -
Other creditors | 1,270 | 42,010
| 6,723 | 47,821

Creditors: amounts falling due after more than one year

| Note | 31 October 2025 £ | 31 October 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | - | 225,426

8 | Share capital

Allotted, called up and fully paid shares

| 31 October 2025 | 31 October 2024
| No. | £ | No. | £
Ordinary of £1 each | 4 | 4 | 4 | 4

9 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 225,426 | 225,426

PAUL RICHARDS & SONS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

10 | Loans and borrowings

Non-current loans and borrowings

| 31 October 2025 £ | 31 October 2024 £
Other borrowings | - | 225,426