Richmond Rental Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 15242454 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

RICHMOND RENTAL PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D R J Richmond

Mrs P S Richmond

REGISTERED OFFICE:

1 St. Johns Drive

Ingoldmells

Skegness

PE25 1LP

REGISTERED NUMBER:

15242454 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Investment property

4

924,079

CURRENT ASSETS

Debtors

5

71,536

71,776

Cash at bank

6,117

-

77,653

71,776

CREDITORS

Amounts falling due within one year

6

292,508

284,175

NET CURRENT LIABILITIES

(214,855

)

(212,399

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

709,224

711,680

CREDITORS

Amounts falling due after more than one year

7

700,000

NET ASSETS

9,224

11,680

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

9,124

11,580

9,224

11,680

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 29 October 2026 and were signed on its behalf by:

Mrs P S Richmond - Director

1.	STATUTORY INFORMATION

Richmond Rental Properties Limited is a private company, limited by shares, registered in England. The registered number of the company is 15242454 and the registered office is at 1 St. Johns Drive, Ingoldmells, Skegness, PE25 1LP.

The financial statements are presented in the Pound Sterling (£) as this is the functional currency of business activities.

The principal activity of the company is letting of real estate.

2.	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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Investment property

Investment property is included at fair value. Movement in fair value is recognised in the income statement. Deferred taxation is provided on these gains/losses at the rate expected to apply when the property is sold.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

924,079

NET BOOK VALUE

At 31 October 2025

924,079

At 31 October 2024

924,079

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by associates

70,663

70,903

Other debtors

873

71,536

71,776

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

2,302

Amounts owed to associates

219,747

212,169

Taxation and social security

2,710

Other creditors

70,051

66,994

292,508

284,175

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

700,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

700,000

Bank loans are secured against the investment properties.

9.	RELATED PARTY DISCLOSURES

Included within other creditors is a loan to the company from the directors. The balance owing at 31 October 2025 was £65,603 (2024: £65,291).The loan was made on an interest free basis and is not repayable within 12 months.

Included within creditors due in less than one year is a loan to the company from Buddies Family Show Bar Limited. The balance outstanding at 31 October 2025 was £219,747 (2024:£212,169). The loan was made on an interest free basis and is not repayable within 12 months.

Included within debtors due in less than one year is a loan from the company from The Sandancer Limited. The balance outstanding at 31 October 2025 was £70,663 (2024:£70,903). The loan was made on an interest free basis and is not repayable within 12 months.