Richmel Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04491326

Richmel Limited

Filleted Unaudited Financial Statements

31 July 2025

Richmel Limited

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		608,310	612,635

Current assets

Debtors	6	547,550	538,940
Cash at bank and in hand		88,189	90,358
		---------	---------
		635,739	629,298

Creditors: amounts falling due within one year	7	30,908		24,639
		---------		---------
Net current assets			604,831	604,659
			------------	------------
Total assets less current liabilities			1,213,141	1,217,294

Provisions

Taxation including deferred tax	44,383	45,064
	------------	------------
Net assets	1,168,758	1,172,230
	------------	------------

Capital and reserves

Called up share capital	8	1,250	1,250
Revaluation reserve		128,266	128,266
Other reserves		225,955	225,955
Profit and loss account		813,287	816,759
		------------	------------
Shareholders funds		1,168,758	1,172,230
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 July 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Richmel Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 15 April 2026 , and are signed on behalf of the board by:

RM Harvey
Director

Company registration number: 04491326

Richmel Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6, The Linen Yard, South Street, Crewkerne, Somerset, TA18 8AB.

2. Statement of compliance

These financial statements have been prepared in accordance with FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Corporation tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Solar Power Equipment	-	4% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Land and buildings	Equipment	Total
	£	£	£
Cost
At 1 August 2024 and 31 July 2025	560,727	108,133	668,860
	---------	---------	---------
Depreciation
At 1 August 2024	–	56,225	56,225
Charge for the year	–	4,325	4,325
	---------	---------	---------
At 31 July 2025	–	60,550	60,550
	---------	---------	---------
Carrying amount
At 31 July 2025	560,727	47,583	608,310
	---------	---------	---------
At 31 July 2024	560,727	51,908	612,635
	---------	---------	---------

Tangible assets held at valuation

The Freehold Land and Buildings at a cost of £410,584 (2024: £410,584) were valued at 31st July 2025 by the Directors on the basis of their net realisable value giving appropriate weight to the tenancy arrangements.

6. Debtors

	2025	2024
	£	£
Trade debtors	16,767	8,276
Other debtors	530,783	530,664
	---------	---------
	547,550	538,940
	---------	---------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	530,000	530,000
	---------	---------

Interest is charged on the loan under the terms as set out in the loan agreement and this interest is recognised in the statement of financial position on a receivable basis.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,988	1,849
Corporation tax	3,386	3,098
Social security and other taxes	668	1,519
Other creditors	24,866	18,173
	--------	--------
	30,908	24,639
	--------	--------

Included in Other Creditors is an amount of £21,185 pertaining to transactions with directors.

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
A Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
B Ordinary shares of £ 1 each	250	250	250	250
	-------	-------	-------	-------
	1,250	1,250	1,250	1,250
	-------	-------	-------	-------

9. Change in accounting policy

The long term (20 year)loan previously shown within other debtors under current assets has been reclassified under non-current assets in this year. The comparative has also been amended.