Registration number: 03894855

Richmond Restaurants Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Richmond Restaurants Limited

Company Information

Director

Mr A P Critcher

Company secretary

Mrs J Critcher

Registered office

32 High Street Wall Heath Kingswinford West Midlands DY6 0HB

Accountants

Munslows Accountants Ltd Chartered Certified Accountants32 High Street Wall Heath Kingswinford West Midlands DY6 0HB

Richmond Restaurants Limited

(Registration number: 03894855)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	32,164	34,309
Tangible assets	5	787,082	955,264
Other financial assets	6	1,250	1,250
		820,496	990,823
Current assets
Stocks	7	20,309	15,058
Debtors	8	18,835	21,748
Cash at bank and in hand		475,893	415,078
		515,037	451,884
Creditors: Amounts falling due within one year	9	(835,767)	(778,541)
Net current liabilities		(320,730)	(326,657)
Total assets less current liabilities		499,766	664,166
Creditors: Amounts falling due after more than one year	9	(344,586)	(469,499)
Provisions for liabilities		(139,714)	(101,134)
Net assets		15,466	93,533
Capital and reserves
Called up share capital	10	100	100
Retained earnings		15,366	93,433
Shareholders' funds		15,466	93,533

For the financial year ending 31 December 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Richmond Restaurants Limited

(Registration number: 03894855)
Balance Sheet as at 31 December 2025

Approved and authorised by the director on 4 September 2026
 

......................................... Mr A P Critcher Director

Richmond Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
32 High Street
Wall Heath
Kingswinford
West Midlands
DY6 0HB

These financial statements were authorised for issue by the director on 4 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Richmond Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	between 3 and 10 years straight line
Office equipment	3 years straight line
Property improvements	10 years straight line
Motor vehicles	5 years reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Licence fee	Straight line over the term of the franchise
Stamp Duty	Straight line over the term of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Richmond Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Richmond Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 136 (2024 - 138).

4	Intangible assets

	Licence fee  £	Stamp duty  £	Total £
Cost or valuation
At 1 January 2025	30,000	8,760	38,760
At 31 December 2025	30,000	8,760	38,760
Amortisation
At 1 January 2025	3,125	1,326	4,451
Amortisation charge	1,500	645	2,145
At 31 December 2025	4,625	1,971	6,596
Carrying amount
At 31 December 2025	25,375	6,789	32,164
At 31 December 2024	26,875	7,434	34,309

Richmond Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5	Tangible assets

	Property improvements £	Plant and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	31,418	2,109,972	72,395	2,213,785
Additions	-	20,577	-	20,577
At 31 December 2025	31,418	2,130,549	72,395	2,234,362
Depreciation
At 1 January 2025	26,706	1,208,890	22,925	1,258,521
Charge for the year	3,142	171,138	14,479	188,759
At 31 December 2025	29,848	1,380,028	37,404	1,447,280
Carrying amount
At 31 December 2025	1,570	750,521	34,991	787,082
At 31 December 2024	4,712	901,082	49,470	955,264

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2025	1,250	1,250
At 31 December 2025	1,250	1,250
Impairment
Carrying amount
At 31 December 2025	1,250	1,250

7

Stocks

	2025 £	2024 £
Other inventories	20,309	15,058

Richmond Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8

Debtors

Current	2025 £	2024 £
Trade debtors	129	-
Prepayments	18,706	21,748
	18,835	21,748

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	11	117,123	105,414
Trade creditors		209,107	193,391
Taxation and social security		321,046	237,719
Accruals and deferred income		103,690	70,733
Other creditors		84,801	171,284
		835,767	778,541

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	11	344,586	469,499

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

Richmond Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

11	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	317,785	431,630
Hire purchase contracts	26,801	37,869
	344,586	469,499

	2025 £	2024 £
Current loans and borrowings
Bank borrowings	107,224	94,696
Hire purchase contracts	9,899	10,718
	117,123	105,414