Accounts filed on 29-02-2020

Accounts filed on 29-02-2020

RICHARDLITTLEJOHN.COM LIMITED - Company Information

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Registered number: 07028845
Richardlittlejohn.com Ltd
ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2020
Prepared By:
Nicholas Ridge CTA
Oakleaf
Ludwells Lane
Waltham Chase
Hampshire
SO32 2NP
Richardlittlejohn.com Ltd
ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2020
DIRECTORS
Richard Littlejohn
Wendy Littlejohn
William Littlejohn
Georgina Littlejohn
REGISTERED OFFICE
Dimmicks Corner, 179 Hunts Pond Road
Titchfield Common
Hampshire
PO14 4PL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07028845
ACCOUNTANTS
Nicholas Ridge CTA
Oakleaf
Ludwells Lane
Waltham Chase
Hampshire
SO32 2NP
Richardlittlejohn.com Ltd
ACCOUNTS
FOR THEYEARENDED29 FEBRUARY 2020
CONTENTS
Page
Directors' Report3
Accountants' Report4
Statement Of Comprehensive Income5
Balance Sheet6
Notes To The Accounts7
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Richardlittlejohn.com Ltd
DIRECTORS' REPORT
FOR THEYEARENDED29 February 2020
The directors present their report and accounts for theyearended29 February 2020
PRINCIPAL ACTIVITY
The principal activity of the company is journalism and authorship production and support.
DIRECTORS
The directors who served during theyearwere as follows:
Richard Littlejohn
Wendy Littlejohn
William Littlejohn
Georgina Littlejohn
STATEMENT OF DIRECTORS RESPONSIBILITIES
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and accounting estimates that are reasonable and prudent;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable then to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the board on27 October 2020
Richard Littlejohn
Director
Richardlittlejohn.com Ltd
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS
OF RICHARDLITTLEJOHN.COM LTD, FOR THE YEAR ENDED 29 FEBRUARY 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Richardlittlejohn.com Ltd for the year ended 29 February 2020 as set out on pages 5 to (1) from the company's accounting records and from information and explanations you have given us.
As a practising member of the Chartered Institute of Taxation and The Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors of Richardlittlejohn.com Ltd, as a body, in accordance with the terms of our engagement letter dated 14 September 2020. Our work has been undertaken solely to prepare for your approval the accounts of Richardlittlejohn.com Ltd and state those matters that we have agreed to state to the Board of Directors of Richardlittlejohn.com Ltd, as a body, in this report, in accordance with the requirements of the Chartered Institute of Taxation and The Institute of Chartered Accountants in England and Wales as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Richardlittlejohn.com Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Richardlittlejohn.com Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Richardlittlejohn.com Ltd. You consider that Richardlittlejohn.com Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Richardlittlejohn.com Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Nicholas Ridge CTA
Oakleaf
Ludwells Lane
Waltham Chase
Hampshire
SO32 2NP
30 October 2020
Richardlittlejohn.com Ltd
STATEMENT OF COMPREHENSIVE INCOME
FOR THEYEARENDED29 February 2020
Notes20202019
££
TURNOVER400,001400,000
Cost of sales-(1,473)
GROSS PROFIT400,001398,527
Administrative expenses(7,314)(7,306)
OPERATING PROFIT392,687391,221
Interest receivable and similar income4,7019,074
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION397,388400,295
Tax on profit on ordinary activities3(75,580)(76,137)
PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION321,808324,158
Richardlittlejohn.com Ltd
BALANCE SHEET AT 29 February 2020
20202019
Notes££
FIXED ASSETS
Tangible assets41,5181,918
Investment Assets52,000,0002,000,000
2,001,5182,001,918
CURRENT ASSETS
Debtors61,000,000-
Cash at bank and in hand1,607,8742,285,182
2,607,8742,285,182
CREDITORS: Amounts falling due within one year7106,185105,701
NET CURRENT ASSETS2,501,6892,179,481
TOTAL ASSETS LESS CURRENT LIABILITIES4,503,2074,181,399
CAPITAL AND RESERVES
Called up share capital81,0001,000
Share premium account918,98118,981
Profit and loss account4,483,2264,161,418
SHAREHOLDERS' FUNDS4,503,2074,181,399
For the year ending 29 February 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 27 October 2020 and signed on their behalf by
.............................
Richard Littlejohn
Director
Richardlittlejohn.com Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2020
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
Richardlittlejohn.com Ltd
2. EMPLOYEES
20202019
No.No.
Average number of employees44
None of the company's 4 directors received any remuneration during the year (2018 - £0).
3. TAX ON ORDINARY ACTIVITIES
20202019
££
Corporation tax75,58076,137
75,58076,137
4. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 1 March 20192,7182,718
At 29 February 20202,7182,718
Depreciation
At 1 March 2019800800
For the year400400
At 29 February 20201,2001,200
Net Book Amounts
At 29 February 20201,5181,518
At 28 February 20191,9181,918
Richardlittlejohn.com Ltd
5. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 1 March 20192,000,0002,000,000
At 29 February 20202,000,0002,000,000
Amortisation
Net Book Amounts
At 29 February 20202,000,0002,000,000
At 28 February 20192,000,0002,000,000
The investment asset represents 100% of share capital of RL.com Investments Ltd co reg 11296898 incorporated in England and Wales. The accounts of RL.com Investments Ltd show Shareholders' Funds of £2070228 on 29 February 2020 (2019 - £1999000).
6. DEBTORS 20202019
££
Amounts falling due within one year
Amounts due from group companies1,000,000-
1,000,000-
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20202019
££
UK corporation tax75,57975,803
VAT26,60625,898
Accruals4,0004,000
106,185105,701
8. SHARE CAPITAL 20202019
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000
Richardlittlejohn.com Ltd
9. SHARE PREMIUM ACCOUNT 20202019
££
Share premium account18,98118,981
10. CONTROLLING PARTY
In the opinion of the directors, the company is subject to the control of Richard Littlejohn and Wendy Littlejohn.
There were no material related party transactions in the year, except where reported elsewhere in the accounts.