1.
General Information
London Richmond Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
12570866
. The registered office is Level 19 The Shard, 32 London Bridge Street, London, SE1 9SG.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Furniture, Fixtures & Fittings |
|
2.3.
Taxation
Current tax is provided at the amount expected to be paid on taxable profits, using rates substantively enacted at the reporting date. Deferred tax is recognised on timing differences between the recognition of income and expenses in the accounts and their treatment for tax, measured at the rates expected to apply on reversal.
2.4.
Real Estate Investments
Real Estate Investments are carried at fair value determined annually and derived from the yields for comparable real estate investments, adjusted if necessary for any difference in the type and nature of the specific investment. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
4.
Tangible Assets
| Real Estate Investments | Furniture, Fixtures & Fittings | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost or Valuation | |||
| As at 1 April 2024 |
|
|
|
| Additions |
|
|
|
| Disposals |
( |
|
( |
| As at 31 March 2025 |
|
|
|
| Depreciation | |||
| As at 1 April 2024 |
|
|
|
| Provided during the period |
|
|
|
| As at 31 March 2025 |
|
|
|
| Net Book Value | |||
| As at 31 March 2025 |
|
|
|
| As at 1 April 2024 |
|
|
|
London Richmond Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5.
Debtors
| 31 March 2025 | 31 March 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Due after more than one year | |||
| Other debtors |
|
|
|
| Deferred Costs |
|
|
|
| Amounts owed by group undertakings | - |
|
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||
|
|
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||
6.
Creditors: Amounts Falling Due Within One Year
| 31 March 2025 | 31 March 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Other creditors |
|
|
|
| Accruals and deferred income |
|
|
|
|
|
|
||
7.
Creditors: Amounts Falling Due After More Than One Year
| 31 March 2025 | 31 March 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loan |
|
|
|
| Amounts owed to group undertakings |
|
|
|
| Other creditors | 17,309,267 | 9,453,029 | |
|
|
|
||
8.
Loans
An analysis of the maturity of loans is given below:
| 31 March 2025 | 31 March 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due within one year or on demand: | |||
| Bank loans |
|
|
|
| 31 March 2025 | 31 March 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due between one and five years: | |||
| Bank loans |
|
|
|
London Richmond Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9.
Share Capital
Called Up Share Capital
|
31 March 2025
|
31 March 2024
|
|||
|
Number
|
£
|
Number
|
£
|
|
|
Allotted, called up and fully Paid :
|
||||
|
Ordinary shares of £1 each
|
813,380
|
813,380
|
689,800
|
689,800
|
Movements in the year:
|
Number
|
£
|
||
|
At 1 April 2024
|
689,800
|
689,800
|
|
|
Shares issued in the year
|
123,580
|
123,580
|
|
|
At 31 March 2025
|
813,380
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
813,380
|
Any future purchase or redemption by the company of its own shares is subject to the availability of distributable profits under sections 692 and 830 of the Companies Act 2006.
10.
Reserves
The total reserves in year amounts to £10,076,716 (2024: £7,243,602). The cumulative unrealised gain arising from the revaluation of investments included within the profit and loss reserve at 31 March 2025 is £15,162,719 (2024: £9,249,627). After deducting this unrealised element, the company has no distributable reserves at the reporting date. In accordance with FRS 102 and section 830 of the Companies Act 2006, this unrealised gain is not available for distribution.
11.
Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
Amounts owed to a director at 31 March 2025: £500,000 (2024: £nil). The loan was unsecured, interest-free, and was repaid in full during the year ended 31 March 2026.