Company No: 03789912 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	A R James
	R James
	B Wickenden
	G L Wickenden

SECRETARY

B Wickenden

REGISTERED OFFICE	2nd Floor
	South One Castle Park
	Tower Hill
	Bristol
	BS2 0JA
	United Kingdom

COMPANY NUMBER

03789912 (England and Wales)

ACCOUNTANT	Gravita Western Limited
	2nd Floor, South
	One Castle Park
	Tower Hill
	Bristol
	BS2 0JA
	United Kingdom

	Note	2026		2025
		£		£
Fixed assets
Investment property	3	182,761		182,761
Investments	4	141,969		113,560
		324,730		296,321
Current assets
Debtors	5	354		45,310
Cash at bank and in hand		34,569		38,500
		34,923		83,810
Creditors: amounts falling due within one year	6	( 21,477)		( 122,122)
Net current assets/(liabilities)		13,446		(38,312)
Total assets less current liabilities		338,176		258,009
Net assets		338,176		258,009
Capital and reserves
Called-up share capital		100		100
Fair value reserve		21,148		14,415
Profit and loss account		316,928		243,494
Total shareholders' funds		338,176		258,009

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; 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 Profit and Loss Account has not been delivered.

The financial statements of Richard James (Holdings) Ltd. (registered number: 03789912) were approved and authorised for issue by the Board of Directors on 30 October 2026. They were signed on its behalf by:

B Wickenden 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 year, unless otherwise stated.

General information and basis of accounting

Richard James (Holdings) Ltd. (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 2nd Floor, South One Castle Park, Tower Hill, Bristol, BS2 0JA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year 31 January 2026 and derives from the provision of services falling within the company's ordinary activities.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

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.

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.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Investment property

	Investment property
	£
Valuation
As at 01 February 2025	182,761
As at 31 January 2026	182,761

In the directors option, the fair value of the investment property, as at 31 January 2026, is similar to that of the historical cost.

4. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 February 2025	100
At 31 January 2026	100
Carrying value at 31 January 2026	100
Carrying value at 31 January 2025	100

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 February 2025	113,460		113,460
Additions	21,947		21,947
Disposals	( 308)		( 308)
Revaluations	6,770		6,770
At 31 January 2026	141,869		141,869
Carrying value at 31 January 2026	141,869		141,869
Carrying value at 31 January 2025	113,460		113,460

The fair value of listed investments was determined with reference to the quoted market price at the reporting date. The cost of the shares on acquisition was £120,721 (2025: £99,045).

5. Debtors

	2026		2025
	£		£
Amounts owed by Group undertakings	38		45,007
Prepayments	316		303
	354		45,310

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Directors loans	2,576		2,576
Other taxation and social security	8,801		7,959
VAT	4,600		4,600
Accruals	0		102,780
Other creditors	5,500		4,207
	21,477		122,122

7. Contingencies

Contingent liabilities

	2026		2025
	£		£
Total contingent liabilities	175,251		111,700

Bank borrowings in Richard James International Limited are secured by a composite guarantee from the company.

8. Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.