WH & A Richardson (Properties) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01019313 (England and Wales)

WH & A RICHARDSON (PROPERTIES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Richardson

W H Richardson

SECRETARY:

Mrs J Richardson

REGISTERED OFFICE:

Hilden Park House

79 Tonbridge Road

Hildenborough

Kent

TN11 9BH

REGISTERED NUMBER:

01019313 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Chartered Accountants

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

FIXED ASSETS

Tangible assets

4

1,792

2,241

Investment property

5

1,575,000

1,545,000

1,576,792

1,547,241

CURRENT ASSETS

Debtors

7,681

7,550

Cash at bank

677,059

649,290

684,740

656,840

CREDITORS

Amounts falling due within one year

600,829

601,681

NET CURRENT ASSETS

83,911

55,159

TOTAL ASSETS LESS CURRENT LIABILITIES

1,660,703

1,602,400

PROVISIONS FOR LIABILITIES

254,471

248,771

NET ASSETS

1,406,232

1,353,629

CAPITAL AND RESERVES

Called up share capital

1,600

1,600

Retained earnings

1,404,632

1,352,029

SHAREHOLDERS' FUNDS

1,406,232

1,353,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 September 2023 and were signed on its behalf by:

W H Richardson - Director

1.	STATUTORY INFORMATION

WH & A Richardson (Properties) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax, of rent receivable during the period. Turnover is recognised according to the period the properties were rented.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Investment property

Investment properties are revalued annually and the aggregate surplus or deficit transferred to a revaluation reserve. No depreciation or amortisation is provided in respect of freehold investment properties or leasehold investment properties with over 20 years remaining on the lease.

The directors consider that this accounting policy results in the accounts giving a true and fair view. Depreciation or amortisation is only one of the factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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 NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2022

and 30 April 2023

7,215

DEPRECIATION

At 1 May 2022

4,974

Charge for year

449

At 30 April 2023

5,423

NET BOOK VALUE

At 30 April 2023

1,792

At 30 April 2022

2,241

5.	INVESTMENT PROPERTY

The 2022 valuations were made by the directors on an open market value for existing use basis. On an historic cost basis these would have been included at an original cost of £148,898 (2021: £148,898).

Fair value at 30 April 2023 is represented by:

£

Valuation in 2023

1,575,000

6.	ULTIMATE CONTROLLING PARTY