Company No: 15491407 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.11.2025		30.11.2024
		£		£
				Restated - note 2
Fixed assets
Investment property	4	4,341,836		4,341,836
Investments	5	98		98
		4,341,934		4,341,934
Current assets
Debtors	6	9,447		41,788
Cash at bank and in hand		31,930		643
		41,377		42,431
Creditors: amounts falling due within one year	7	( 4,216,824)		( 4,300,231)
Net current liabilities		(4,175,447)		(4,257,800)
Total assets less current liabilities		166,487		84,134
Net assets		166,487		84,134
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		166,387		84,034
Total shareholder's funds		166,487		84,134

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Richland Holdings Limited (registered number: 15491407) were approved and authorised for issue by the Director on 02 July 2026. They were signed on its behalf by:

Greville Nicholas Richards Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Richland Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom. The principal place of business is Lambo, Fraddam Road, Leedstown, Hayle, Cornwall, TR27 5PF.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

The company incorporated on 15 February 2024 and and subsequently shortened the financial period end to be 30 November 2024, to align the financial period end with other connected companies. The comparatives, therefore, cover a period of 9 months and 13 days.

The current financial period, reported in these financial statements, is for 12 months to 30 November 2025. The results are, therefore, not entirely comparable.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Fixed asset investments

Investments in subsidiaries are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Prior year adjustment

The director has identified that income of £112,636 was omitted from the financial statements in the previous period. A prior period adjustment has therefore been recognised in respect of the omitted income, which has resulted in an increase in other operating income of £112,636 and decrease in other creditors of £112,636. Corporation tax of £26,573 is now payable on this, resulting in an increase in the taxation and social security creditor and subsequent tax charge in the profit and loss account of £26,573.

The net effect on the profit and loss was an increase in profit of £86,062 for the period ended 30 November 2024 and the net effect on the balance sheet was a decrease in other creditors of £112,636, an increase in corporation tax creditor of £25,673 and an overall increase in profit and loss reserves of £86,062.

		As previously reported		Adjustment		As restated
Year ended 30 November 2024		£		£		£
Other Operating Income		0		(112,636)		(112,636)
Other Creditors		(1,660,083)		112,636		(1,547,447)
Taxation and social security creditor		0		(26,573)		(26,573)
Profit and Loss Account		(2,028)		86,062		84,034

3. Employees

	Year ended 30.11.2025		Period from 15.02.2024 to 30.11.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

4. Investment property

	Investment property
	£
Valuation
As at 01 December 2024	4,341,836
As at 30 November 2025	4,341,836

Valuation

The 2025 valuation was made by the directors on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	30.11.2025		30.11.2024
	£		£
Historic cost	4,341,836		4,341,836

No depreciation would have been charged if historical cost accounting rules had been followed as the above asset is land, and no depreciation is charged on land.

5. Fixed asset investments

Investments in subsidiaries

	30.11.2025
	£
Cost
At 01 December 2024	98
At 30 November 2025	98
Carrying value at 30 November 2025	98
Carrying value at 30 November 2024	98

6. Debtors

	30.11.2025		30.11.2024
	£		£
Amounts owed by Group undertakings	9,449		9,902
Other debtors	( 2)		31,886
	9,447		41,788

7. Creditors: amounts falling due within one year

	30.11.2025		30.11.2024
	£		£
Trade creditors	1,226		0
Amounts owed to director	1,751,305		2,724,817
Accruals	2,400		1,394
Taxation and social security	54,024		26,573
Other creditors	2,407,869		1,547,447
	4,216,824		4,300,231

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	30.11.2025		30.11.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

Upon incorporation, on 15 February 2024, the company issued 100 Ordinary shares at par.

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	30.11.2025		30.11.2024
	£		£
Amounts owed by subsidiary company at period end (debtor)	9,449		9,902

Transactions with the entity's director

	30.11.2025		30.11.2024
	£		£
Amounts owed to Director at period end (creditor)	(1,751,305)		(2,724,817)

Other related party transactions

	30.11.2025		30.11.2024
	£		£
Amounts owed to related party (creditor)	(2,407,869)		(1,547,447)