R.A. Richardson (Furnishings) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC089762 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

R.A. Richardson (Furnishings) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R A Richardson

N C Richardson

A W J Richardson

SECRETARY:

R A Richardson

REGISTERED OFFICE:

3 Boundary Road

Heathfield Industrial Estate

Ayr

KA8 9DJ

REGISTERED NUMBER:

SC089762 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

Chartered Accountants

147 Bath Street

Glasgow

G2 4SN

FIXED ASSETS

Investments

4

1

Investment property

5

300,000

740,000

300,001

740,001

CURRENT ASSETS

Debtors

6

6,269

-

Cash at bank

37,445

44,445

43,714

44,445

CREDITORS

Amounts falling due within one year

7

73,366

291,347

NET CURRENT LIABILITIES

(29,652

)

(246,902

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

270,349

493,099

CAPITAL AND RESERVES

Called up share capital

25,004

Non distributable fair value reserve

-

58,006

Retained earnings

245,345

410,089

270,349

493,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2026 and were signed on its behalf by:

N C Richardson - Director

1.	STATUTORY INFORMATION

R.A. Richardson (Furnishings) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Going concern

The financial statements are prepared on the going concern basis of accounting as, in the opinion of the directors, there are no matters of material uncertainty which cast doubt on the company's ability to continue.

Significant judgements and estimates

The Directors have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Directors' estimates, assumptions and judgements that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when the company becomes entitled to the income, it can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity

Investments in subsidiaries

Investments in subsidiaries are initially measured at cost and subsequently recognised at cost less impairment.

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.

Financial instruments

The company has no complex financial instruments but does hold basic financial instruments of cash at bank, debtors and creditors.

Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

Ordinary shares are initially recognised at transaction cost and subsequently valued at fair value at the year end with any changes in fair value being recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Provision for liabilities

A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2025

and 31 January 2026

1

NET BOOK VALUE

At 31 January 2026

1

At 31 January 2025

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

740,000

Revaluations

(440,000

)

At 31 January 2026

300,000

NET BOOK VALUE

At 31 January 2026

300,000

At 31 January 2025

740,000

If property had not been revalued it would have been included at the following historical cost:

2026

2025

£

Cost

655,733

Aggregate depreciation

441,785

425,361

Property was sold on 7 August 2026 for £300,000 which the directors have reflected on the balance sheet.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Other debtors

6,269

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Amounts owed to group undertakings

66,115

291,115

Taxation and social security

6,250

-

Other creditors

1,001

232

73,366

291,347

8.	SECURED DEBTS

A Standard Security in favour of the Clydesdale Bank was created on 30 April 1999 over the subjects at 134 Renfrew Street, Glasgow. Two Bond and Floating Charges are in place in favour of the Clydesdale Bank, created on 9 November 1984 and 25 May 2011 over all property and assets of R A Richardson (Furnishings) Limited.

A Guarantee is in place by R A Richardson (Furnishings) Limited for all monies owing to the Clydesdale Bank by Hunter Furnishings Limited, as supported by the above named security.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

N C Richardson

Balance outstanding at start of year

(231

)

(2,731

)

Amounts advanced

19,000

2,500

Amounts repaid

(12,500

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

6,269

(231

)

10.	RELATED PARTY DISCLOSURES

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.