Richmond Hill Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03297210 (England and Wales)

Financial Statements

For The Year Ended 31st May 2020

for

Richmond Hill Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Reeve

P M Reeve

J C Reeve

D J Reeve

Mrs B M Reeve

SECRETARY:

M J Reeve

REGISTERED OFFICE:

Cold Moor Cote

Chop Gate

Middlesbrough

Cleveland

TS9 7JJ

REGISTERED NUMBER:

03297210 (England and Wales)

ACCOUNTANTS:

F E Metcalfe & Co Limited

Chartered Accountants

4 Old Market Place

Ripon

North Yorkshire

HG4 1EQ

FIXED ASSETS

Tangible assets

4

4,433

7,233

CURRENT ASSETS

Debtors

5

8,000

27,000

Cash at bank

91

414

8,091

27,414

CREDITORS

Amounts falling due within one year

6

1,726

1,815

NET CURRENT ASSETS

6,365

25,599

TOTAL ASSETS LESS CURRENT LIABILITIES

10,798

32,832

CAPITAL AND RESERVES

Called up share capital

7

20,002

20,002

Retained earnings

(9,204

)

12,830

SHAREHOLDERS' FUNDS

10,798

32,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st December 2020 and were signed on its behalf by:

M J Reeve - Director

1.	STATUTORY INFORMATION

Richmond Hill 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.

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 cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 5 (2019 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st June 2019

and 31st May 2020

14,000

DEPRECIATION

At 1st June 2019

6,767

Charge for year

2,800

At 31st May 2020

9,567

NET BOOK VALUE

At 31st May 2020

4,433

At 31st May 2019

7,233

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Other debtors

8,000

27,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Urra Estate Loan

700

-

Corporation Tax

-

1,015

Accrued expenses

1,026

800

1,726

1,815

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.20

31.5.19

value:

£

£

20,002

Ordinary

£1

20,002

20,002

8.	ULTIMATE CONTROLLING PARTY

There is no controlling party as no shareholder holds more than 50% of the shares. The Board of Directors hold 100% of the shares between them.