REGISTERED NUMBER: 06216036 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

Richlex Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs. M. Feingold

SECRETARY:

Mrs M C Feingold

REGISTERED OFFICE:

10 Pangbourne Drive

Stanmore

Middlesex

HA7 4QT

REGISTERED NUMBER:

06216036 (England and Wales)

ACCOUNTANTS:

Reliable Accounts Ltd

Chartered Certified Accountants

10 Pangbourne Drive

Stanmore

Middlesex

HA7 4QT

FIXED ASSETS

Tangible assets

3

3,549

3,944

Investment property

4

1,850,000

1,850,000

1,853,549

1,853,944

CURRENT ASSETS

Debtors

5

2,980

3,196

Cash at bank

95,472

93,052

98,452

96,248

CREDITORS

Amounts falling due within one year

6

1,194,929

1,195,290

NET CURRENT LIABILITIES

(1,096,477

)

(1,099,042

)

TOTAL ASSETS LESS CURRENT LIABILITIES

757,072

754,902

PROVISIONS FOR LIABILITIES

52,880

52,880

NET ASSETS

704,192

702,022

CAPITAL AND RESERVES

Called up share capital

7

100

100

Fair value reserve

8

654,681

654,681

Retained earnings

8

49,411

47,241

SHAREHOLDERS' FUNDS

704,192

702,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 25 November 2025 and were signed by:

Mrs. M. Feingold - Director

1.	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.

Turnover

Turnover represents income from property in the United Kingdom.

Tangible fixed assets

The company's freehold and long leasehold investment properties and improvements are shown at fair value.

Related furniture, furnishings and equipment have been depreciated on the reducing balance method, to write off the cost of the assets concerned over their anticipated useful lives.

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.

Taxation

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 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.

Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits.

Going concern

The director confirms that, in her opinion, the company will continue as a going concern for a period of 12 months from the approval of these financial statements. Consequently, the financial statements should be drawn up on a going concern basis.

2.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Furniture,

Furnishings

& equipment

£

COST

At 1 May 2024

and 30 April 2025

19,155

DEPRECIATION

At 1 May 2024

15,211

Charge for year

395

At 30 April 2025

15,606

NET BOOK VALUE

At 30 April 2025

3,549

At 30 April 2024

3,944

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

1,850,000

NET BOOK VALUE

At 30 April 2025

1,850,000

At 30 April 2024

1,850,000

The Company's investment properties were valued by the Director at 30 April 2023 based on the Director's understanding of property market conditions and the specific properties concerned. No revaluation was made this year because in the opinion of the director, the value of the properties was little different from the current carrying value.

If these properties had not been included at valuation, this would be included under the historical cost convention at the original cost of £1,195,319.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Tax recoverable

2,272

2,272

Other debtors & prepayments

708

924

2,980

3,196

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Loan from F.R.Properties Ltd

1,162,388

1,162,388

Rent in advance and deposits

4,436

7,967

Corporation Tax

3,161

4,413

Director's loan account

19,432

18,543

Accruals and deferred income

5,512

1,979

1,194,929

1,195,290

The loan from F.R. Properties Limited is theoretically repayable on demand but in practice would not be expected to be demanded without reasonable notice.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 May 2024

47,241

654,681

701,922

Profit for the year

12,170

12,170

Dividends

(10,000

)

(10,000

)

At 30 April 2025

49,411

654,681

704,092