Rich Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00879589 (England and Wales)

RICH INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

Peter C Rich

Edward I Rich

Suzanne H Rich

John D McNamara

Abigail K Rich

SECRETARY:

Caroline A Hall

REGISTERED OFFICE:

43 Portland Road

London

W11 4LJ

REGISTERED NUMBER:

00879589 (England and Wales)

SENIOR STATUTORY AUDITOR:

Theo Banos BA FCA

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Property, plant and equipment

4

3,568,875

3,560,719

Investments

5

244,789

Investment properties

6

26,880,000

30,693,664

30,685,508

CURRENT ASSETS

Debtors

7

22,784,457

17,841,862

Cash at bank

1,098,679

613,743

23,883,136

18,455,605

CREDITORS

Amounts falling due within one year

8

10,704,164

290,679

NET CURRENT ASSETS

13,178,972

18,164,926

TOTAL ASSETS LESS CURRENT LIABILITIES

43,872,636

48,850,434

CREDITORS

Amounts falling due after more than one
year

9

(10,000,000

)

(15,475,000

)

PROVISIONS FOR LIABILITIES

(893,151

)

(885,959

)

NET ASSETS

32,979,485

32,489,475

CAPITAL AND RESERVES

Called up share capital

10

100,000

Fair value adjustment reserve

11

3,869,600

3,873,852

Other reserve

1,565,869

Retained earnings

27,444,016

26,949,754

SHAREHOLDERS' FUNDS

32,979,485

32,489,475

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 Board of Directors and authorised for issue on 21 July 2026 and were signed on its behalf by:

Edward I Rich - Director

1.	STATUTORY INFORMATION

Rich Investments 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The principal accounting policies of the company have remained unchanged from the previous year and are set out below.

Functional and presentation currency

The company's functional and presentational currency is British Pound Sterling (GBP).

Group accounts

The financial statements contain information about Rich Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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', not to disclose related party transactions with wholly owned subsidiaries within the group.

Rental income

Rental income, which excludes value added tax, represents rent from investment properties leased out under operating lease agreements and is measured at the fair value of the consideration received or receivable. Rental income from operating leases is recognised in the Income Statement on a straight line basis over the lease term. The lease term is the non-cancellable period of the lease. Where income is received in advance for a period beyond the accounting year end, income is deferred and a liability is recognised on the Balance Sheet.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles - 25% on cost

Fixtures and Fittings - 20% on cost

Freehold property is held at valuation and is not depreciated as the directors believe that the property is maintained to a high standard such that the residual value is not materially different to the carrying value.

Paintings are held at fair value. Other property, plant and equipment is recognised at cost less depreciation.

The directors consider that these accounting policies are necessary for the financial statements to give a true and fair view.

Investments in subsidiaries

Investments in subsidiary companies are valued at cost less impairment.

Investment properties

Investment property is measured initially at cost, including related transaction costs. After initial recognition, investment property is carried at fair value. Fair value is based on active market prices, adjusted if necessary for differences in the nature, location or condition of the specific asset. The fair value of investment property reflects, among other things, rental income from current leases and other assumptions market participants would make when pricing the property under current market conditions.

Valuations are performed at the year-end internally by the directors who have experience in the location and category of the investment property being valued. These valuations form the basis for the carrying amounts in the Financial Statements.

Financial instruments

The company has chosen to adopt FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

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. Accounts 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation

The payment of taxation is deferred or accelerated because of timing differences in the treatment of certain items for taxation and accounting purposes. Full provision for deferred taxation is made under the liability method, without discounting, on all timing differences that have arisen but not reversed by the balance sheet date. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered.

Deferred taxation is provided on property gains at the rate expected to apply when the property is sold.

Income and expenses

Income and expenses are accounted for on an accrual basis in the income statement.

Share capital

Ordinary shares are classified as equity where there is no obligation to transfer cash or other assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 7 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 April 2025

3,400,000

332,455

3,732,455

Additions

-

12,389

At 31 March 2026

3,400,000

344,844

3,744,844

DEPRECIATION

At 1 April 2025

-

171,736

Charge for year

-

4,233

At 31 March 2026

-

175,969

NET BOOK VALUE

At 31 March 2026

3,400,000

168,875

3,568,875

At 31 March 2025

3,400,000

160,719

3,560,719

Cost or valuation at 31 March 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2026

3,400,000

344,844

3,744,844

Freehold properties were subject to valuation by the directors, who are not qualified valuers, on an open market basis. The methods and assumptions used to ascertain the fair values are as follows:

The valuations were prepared having regard to the market based evidence for similar properties sold in the local area, subject to occupational leases where relevant.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

244,789

NET BOOK VALUE

At 31 March 2026

244,789

At 31 March 2025

244,789

6.	INVESTMENT PROPERTIES

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

26,880,000

NET BOOK VALUE

At 31 March 2026

26,880,000

At 31 March 2025

26,880,000

At 31 March 2026, an internal valuation was prepared which resulted in a market valuation for the investment properties of £26,880,000. Critical assumptions made relating to the valuation are yields between 2.45% and 9%.

The directors have reviewed the calculation undertaken as at 31 March 2026 and have concluded that there is no material change in the key valuation inputs used and assumptions utilised relative to those that applied at 31 March 2025. Accordingly, the directors consider it appropriate to adopt the 31 March 2026 investment property valuation in the preparation of these financial statements.

7.

DEBTORS

2026

2025

£

Amounts falling due within one year:

Amounts owed by group undertakings

15,194,654

-

Other debtors

158,520

249,023

Prepayments and accrued income

31,283

20,185

15,384,457

269,208

Amounts falling due after more than one year:

Amounts owed by group undertakings

7,300,000

17,572,654

Amounts owed by related

parties

100,000

-

7,400,000

17,572,654

Aggregate amounts

22,784,457

17,841,862

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

5,276

23,753

Amounts owed to group undertakings

10,475,000

-

Other taxation and social

security

7,206

32,087

Other creditors

28,204

49,682

Amounts owed to related

parties

3,000

Accruals and deferred income

185,478

182,157

10,704,164

290,679

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Amounts owed to group undertakings

10,000,000

15,475,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

1,000,000

Ordinary

10p

100,000

11.

RESERVES

Fair

value

adjustment

reserve

£

At 1 April 2025

3,873,852

Movement on deferred tax

(4,252

)

At 31 March 2026

3,869,600

The aggregate surplus on re-measurement of investment properties and freehold properties, net of associated deferred tax, is transferred to a separate non-distributable fair value reserve in order to assist with the identification of profits available for distribution.

The other reserve represents a non-distributable reserve, from which the fair value reserve associated with fixed assets which have been transferred from Rich Investments Limited to other group companies is held. When the transferred properties are ultimately disposed of outside the group, this amount will be realised.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Theo Banos BA FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor