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Company Registration No. SC141656 (Scotland)
Redding Park Development Company Limited Unaudited accounts for the year ended 31 March 2022
Redding Park Development Company Limited Unaudited accounts Contents
Page
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Redding Park Development Company Limited Company Information for the year ended 31 March 2022
Director
Gordon Murray MacPherson
Secretary
Linda Mary Farquharson
Company Number
SC141656 (Scotland)
Registered Office
5 TRAPRAIN TERRACE HADDINGTON EAST LOTHIAN EH41 3QD
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Redding Park Development Company Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,143 
23,304 
Investments
203,905 
203,905 
226,048 
227,209 
Current assets
Inventories
4,400,000 
4,400,000 
Debtors
4,327 
3,742 
Cash at bank and in hand
178,349 
168,188 
4,582,676 
4,571,930 
Creditors: amounts falling due within one year
(3,924,457)
(3,913,446)
Net current assets
658,219 
658,484 
Total assets less current liabilities
884,267 
885,693 
Creditors: amounts falling due after more than one year
(49,188)
(50,000)
Net assets
835,079 
835,693 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
1,589,000 
1,589,000 
Profit and loss account
(754,921)
(754,307)
Shareholders' funds
835,079 
835,693 
For the year ending 31 March 2022 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2022 and were signed on its behalf by
Gordon Murray MacPherson Director Company Registration No. SC141656
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Redding Park Development Company Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Redding Park Development Company Limited is a private company, limited by shares, registered in Scotland, registration number SC141656. The registered office is 5 TRAPRAIN TERRACE, HADDINGTON, EAST LOTHIAN, EH41 3QD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2021
103,755 
51,361 
155,116 
Additions
4,375 
- 
4,375 
At 31 March 2022
108,130 
51,361 
159,491 
Depreciation
At 1 April 2021
81,417 
50,395 
131,812 
Charge for the year
5,342 
194 
5,536 
At 31 March 2022
86,759 
50,589 
137,348 
Net book value
At 31 March 2022
21,371 
772 
22,143 
At 31 March 2021
22,338 
966 
23,304 
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Redding Park Development Company Limited Notes to the Accounts for the year ended 31 March 2022
5
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 April 2021
200,000 
3,905 
203,905 
Valuation at 31 March 2022
200,000 
3,905 
203,905 
6
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Other debtors
4,327 
3,742 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
2,787,079 
2,701,581 
Other creditors
11,708 
10,495 
Loans from directors
1,125,670 
1,201,370 
3,924,457 
3,913,446 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Other creditors
49,188 
50,000 
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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