REGISTERED NUMBER: 04090965 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Richard Sullivan Consulting Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

R Sullivan

SECRETARY:

Dr F D Sullivan

REGISTERED OFFICE:

2nd Floor

33 Park Place

Leeds

West Yorkshire

LS1 2RY

REGISTERED NUMBER:

04090965 (England and Wales)

ACCOUNTANTS:

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

BANKERS:

Co-Op

PO Box 250

Skelmersdale

WN8 6WT

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Sullivan Consulting Ltd for the year ended 31 October 2025 which comprise the Income Statement, Statement of Financial Position, 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 director of Richard Sullivan Consulting Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Richard Sullivan Consulting Ltd and state those matters that we have agreed to state to the director of Richard Sullivan Consulting Ltd 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 Sullivan Consulting Ltd and its director for our work or for this report.

It is your duty to ensure that Richard Sullivan Consulting Ltd 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 loss of Richard Sullivan Consulting Ltd. You consider that Richard Sullivan Consulting Ltd 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 Sullivan Consulting Ltd. 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.

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

22 May 2026

FIXED ASSETS

Tangible assets

5

93

109

Investment property

6

3,223,699

3,352,995

3,223,792

3,353,104

CURRENT ASSETS

Debtors

7

4,284

7,097

Cash at bank

7,701

6,732

11,985

13,829

CREDITORS

Amounts falling due within one year

8

192,405

132,517

NET CURRENT LIABILITIES

(180,420

)

(118,688

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,043,372

3,234,416

CREDITORS

Amounts falling due after more than one year

9

(1,185,592

)

(1,180,855

)

PROVISIONS FOR LIABILITIES

(223,344

)

(255,669

)

NET ASSETS

1,634,436

1,797,892

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

1,345,246

1,442,218

Retained earnings

289,180

355,664

1,634,436

1,797,892

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 May 2026 and were signed by:

R Sullivan - Director

1.	STATUTORY INFORMATION

Richard Sullivan Consulting Ltd 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.	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 as modified by the revaluation of certain assets.

Going concern

The accounts have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. This assumption is also based on the continuing support of the director. Such support has been maintained since the year end and will continue to be made available to the extent required to enable the company to meet its liabilities as and when they fall due for a period of at least twelve months from the date of approval of these accounts.

Accordingly, the director believes that it is appropriate to prepare the accounts on a going concern basis.

Revenue recognition

Turnover represents rental income from tenants and consultancy fees. Rental income is recognised over the term of the lease. Consultancy income is recognised for services rendered during the period.

Tangible fixed 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.

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:

Fixtures & fittings

-

15% reducing balance

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.

Taxation

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

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2024

and 31 October 2025

2,000

DEPRECIATION

At 1 November 2024

1,891

Charge for year

16

At 31 October 2025

1,907

NET BOOK VALUE

At 31 October 2025

93

At 31 October 2024

109

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 November 2024

3,352,995

Revaluations

(129,296

)

At 31 October 2025

3,223,699

NET BOOK VALUE

At 31 October 2025

3,223,699

At 31 October 2024

3,352,995

The director of the company has valued the investment properties on an open market value basis as at 31 October 2025.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,284

7,097

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

308

1,842

Other creditors

192,097

130,675

192,405

132,517

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,185,592

1,180,855

Included within creditors: amounts falling due after more than one year is an amount of £806,849 (2024: £644,756) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Bank loans are secured over the assets of the company.

10.	RELATED PARTIES

At 31 October 2025 the company owed its director £177,919 (2024: £115,830). The balance is interest free and repayable on demand.