For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

RICHFIELD (UK) LIMITED is a private company limited by shares incorporated in England and Wales. The registered office is 1 Queens Parade, Brownlow Road, London, N11 2DN.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Rental income is recognised on a straight line basis over the term of the relevant lease.

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment properties, which are properties held to earn rentals and/or for capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they are measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit or loss account.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

The average monthly number of persons (including directors) employed by the company during the year was:

The fair value of the investment properties have been arrived at on the basis of valuations carried out in May/June 2024 for all the properties except for one, which was valued in October 2023. The valuations were prepared on an open market value basis by reference to market evidence of transaction prices for similar properties by Andrew Creighton Chartered Surveyors who are not connected with the company. In the opinion of Nicos Isaia Christou, the current market value of the investment properties are not significantly different from those of the surveyors.

Included in other debtors due within one year is an amount of £20,778 (2024 : £19,744) owed by T & M Timini Developments Limited, a company, which Nicos Isaia Christou is a director.

Also included in other debtors due within one year is an amount of £12,396 (2024 : £12,396) being a loan at market rate to Marianna Timini, the daughter of Nicos Isaia Christou. The amount of £24,792 (2024 : £37,188) represents the same loan due after more than one year.

Other investments represents the company's share of investment's held in two companies registered in Romania, being Vins Investment S.R.L. and Lansdowne Eco Projects S.R.L. The company's interest in both companies in Romania are held in trust by Nicos Isaia Christou.

Included in other creditors is an amount of £22,203 (2024 : £20,863) due to Chris Nicholas (London) Limited Pension Fund, and interest of £1,340 (2024 : £1,359) was charged on the balance. Nicos Isaia Christou is the only member of the scheme and acts with another as trustee.

Bank loan is secured by a fixed and floating charge over the assets of the company.

Dividends totalling £14,000 (2024 - £19,000) were paid in the year in respect of shares held by Nicos Isaia Christou.

The director's current account was overdrawn during the year and interest totalling £6,868 (2024 : £3,507) was paid on the overdrawn balance at HMRC's official rate of interest. The movement on these loans are as follows:

Nicos Isaia Christou occupies an investment property owned by the Company. During the year, he paid market rent to the company amounting to £33,333 (2024 : £14,089).

The company was controlled throughout the current and previous years by Nicos Isaia Christou, by virtue of the fact that he owned all of the company's issued share capital.