Riley's of Saffron Walden Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02779457 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

FOR

RILEY'S OF SAFFRON WALDEN LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

D F Riley

Mrs J Riley

A D Riley

SECRETARY:

A D Riley

REGISTERED OFFICE:

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

REGISTERED NUMBER:

02779457 (England and Wales)

ACCOUNTANTS:

Bentens

Chartered Certified Accountants

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

The following reproduces the text of the report prepared for the directors 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 Directors 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 Riley's of Saffron Walden Limited for the year ended 31 December 2025 which comprise the Income Statement, Statement of Financial Position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Riley's of Saffron Walden Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Riley's of Saffron Walden Limited and state those matters that we have agreed to state to the Board of Directors of Riley's of Saffron Walden Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Riley's of Saffron Walden Limited 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 profit of Riley's of Saffron Walden Limited. You consider that Riley's of Saffron Walden Limited 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 Riley's of Saffron Walden Limited. 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.

Bentens

Chartered Certified Accountants

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

25 August 2026

FIXED ASSETS

Intangible assets

3

-

Tangible assets

4

87,315

97,332

Investment property

5

650,000

737,315

747,332

CURRENT ASSETS

Stocks

30,000

25,000

Debtors

6

1,200

4,016

Cash at bank

532,817

433,222

564,017

462,238

CREDITORS

Amounts falling due within one year

7

304,728

226,950

NET CURRENT ASSETS

259,289

235,288

TOTAL ASSETS LESS CURRENT
LIABILITIES

996,604

982,620

CREDITORS

Amounts falling due after more than one
year

8

-

24,063

NET ASSETS

996,604

958,557

CAPITAL AND RESERVES

Called up share capital

150

Revaluation reserve

9

25,396

Retained earnings

971,058

933,011

SHAREHOLDERS' FUNDS

996,604

958,557

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

D F Riley - Director

A D Riley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover comprises the value of goods and services supplied by the company, net of Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

25% 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.

No depreciation or amortisation is provided in respect of freehold investment properties.The requirements of the Companies Act 2006 is to depreciate all properties, but the requirement conflicts with the generally accepted accounting principle set out in the FRSSE. The directors believe that as these properties are not held for consumption but investment. to depreciate them would not give a true and fair view, and that it is necessary to adopt the FRSSE in order to give a true and fair view.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a money purchase scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

30,000

AMORTISATION

At 1 January 2025

and 31 December 2025

30,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 January 2025

44,227

156,081

200,308

Additions

19,088

-

19,088

At 31 December 2025

63,315

156,081

219,396

DEPRECIATION

At 1 January 2025

29,104

73,872

102,976

Charge for year

8,553

20,552

29,105

At 31 December 2025

37,657

94,424

132,081

NET BOOK VALUE

At 31 December 2025

25,658

61,657

87,315

At 31 December 2024

15,123

82,209

97,332

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

650,000

NET BOOK VALUE

At 31 December 2025

650,000

At 31 December 2024

650,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

1,200

Directors' current accounts

-

2,816

1,200

4,016

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

24,063

5,845

Trade creditors

9,314

11,376

Corporation tax

78,334

76,293

Social security and other taxes

17,833

12,579

VAT

71,210

58,621

Other creditors

6,830

4,625

Directors' current accounts

89,944

50,411

Accrued expenses

7,200

304,728

226,950

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Hire purchase contracts

-

24,063

9.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

25,396

10.	RELATED PARTY DISCLOSURES

During the year consultancy fees were charged to DAS Business Furniture Limited. DAS Business Furniture Limited is under the control of Mr D F Riley, Mrs J Riley and Mr A D Riley. Mr and Mrs Riley and Mr A D Riley own 100% of the shares of Riley's of Saffron Walden Limited . An amount of £nil was outstanding at 31 December 2025. The transactions are not materially different from that which would be charged on a commercial basis.

During the year dividends totalling £180,000 were paid to Mr D F Riley, Mrs J Riley and Mr A D Riley directors of the company (2024 £180,000).

11.	ULTIMATE CONTROLLING PARTY

There is no controlling party.

12.	REVALUATION RESERVE

The revaluation reserve represents the excess of the valuation of the investment property and investment paintings over original cost. No provision has been made for any liability to corporation tax that could arise in the event of the disposal of these assets.