Rickard Development Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11388124 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 JUNE 2025 TO 31 DECEMBER 2025

FOR

RICKARD DEVELOPMENT COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D F Brooklyn

S F Hempsall

REGISTERED OFFICE:

Fox Hill Lodge

Great Shelford

Cambridge

Cambridgeshire

CB22 5AN

REGISTERED NUMBER:

11388124 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

FIXED ASSETS

Investment property

5

3,543,488

CURRENT ASSETS

Debtors

6

51,395

-

Prepayments and accrued income

1,465

13,002

Cash and cash equivalents

7,077

31,874

59,937

44,876

CREDITORS

Amounts falling due within one year

7

(19,357

)

(19,580

)

NET CURRENT ASSETS

40,580

25,296

TOTAL ASSETS LESS CURRENT LIABILITIES

3,584,068

3,568,784

CREDITORS

Amounts falling due after more than one
year

8

(3,795,555

)

(3,855,544

)

ACCRUALS AND DEFERRED INCOME

(30,324

)

(10,365

)

NET LIABILITIES

(241,811

)

(297,125

)

CAPITAL AND RESERVES

Called up share capital

10

2

Retained earnings

(241,813

)

(297,127

)

SHAREHOLDERS' FUNDS

(241,811

)

(297,125

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

D F Brooklyn - Director

S F Hempsall - Director

1.	STATUTORY INFORMATION

Rickard Development Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

At the balance sheet date current liabilities exceeded current assets by £241,811 ( 31 May 2025 - £297,125). The financial statements have been prepared on a going concern basis as the company continues to receive the support of the shareholders where required to ensure it meets all liabilities as they fall due.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is rental income receivable net of value added tax.

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.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2025 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2025

and 31 December 2025

3,543,488

NET BOOK VALUE

At 31 December 2025

3,543,488

At 31 May 2025

3,543,488

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

£

Trade debtors

51,395

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

£

Bank loans and overdrafts

7,497

16,798

VAT

1,415

2,782

Other creditors

10,445

-

19,357

19,580

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

£

Bank loans - 1-2 years

835,000

835,829

Other loans - 1-2 years

2,960,555

3,019,715

3,795,555

3,855,544

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

£

Bank loans

842,497

852,627

Bank loans are secured by way of a fixed charge against all company properties.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

value:

£

2

ordinary

£1

2