Company registration number 11811893 (England and Wales)
REDHURST OPTICAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
REDHURST OPTICAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
REDHURST OPTICAL LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
106,821
106,821
Current assets
Debtors
5
7,060
7,000
Cash at bank and in hand
831
16,601
7,891
23,601
Creditors: amounts falling due within one year
6
(54,101)
(53,149)
Net current liabilities
(46,210)
(29,548)
Total assets less current liabilities
60,611
77,273
Creditors: amounts falling due after more than one year
7
(11,667)
(31,667)
Net assets
48,944
45,606
Capital and reserves
Called up share capital
8
60
60
Profit and loss reserves
48,884
45,546
Total equity
48,944
45,606

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 3 October 2023
Mr D Blenkinsop
Director
Company Registration No. 11811893
REDHURST OPTICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Redhurst Optical Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Cromwell Road, Chesterfield, Derbyshire, United Kingdom, S40 4TH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate an receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

REDHURST OPTICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
106,821
106,821
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2022 & 31 March 2023
106,821
Carrying amount
At 31 March 2023
106,821
At 31 March 2022
106,821
4
Subsidiaries

Details of the company's subsidiaries at 31 March 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Seven Hills Optical Limited
4 - 6 High Street, Sheffield, S1 1QF
Ordinary
100.00
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
7,060
7,000
REDHURST OPTICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
20,000
20,000
Amounts owed to group undertakings
34,101
33,149
54,101
53,149
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
11,667
31,667

8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
60
60
60
60
9
Directors' transactions

Dividends totalling £51,100 (2022 - £69,250) were paid in the year in respect of shares held by the company's directors.

Bank loans totaling £31,667 (2022 - £51,667) are secured by a personal guarantee from the director.

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors loan
-
7,000
51,160
(51,100)
7,060
7,000
51,160
(51,100)
7,060
2023-03-31 2022-04-01 false 03 October 2023 CCH Software CCH Accounts Production 2023.200 No description of principal activity Mr D Blenkinsop 11811893 2022-04-01 2023-03-31 11811893 2023-03-31 11811893 2022-03-31 11811893 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11811893 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11811893 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11811893 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 11811893 core:CurrentFinancialInstruments 2023-03-31 11811893 core:CurrentFinancialInstruments 2022-03-31 11811893 core:ShareCapital 2023-03-31 11811893 core:ShareCapital 2022-03-31 11811893 core:RetainedEarningsAccumulatedLosses 2023-03-31 11811893 core:RetainedEarningsAccumulatedLosses 2022-03-31 11811893 bus:Director1 2022-04-01 2023-03-31 11811893 2021-04-01 2022-03-31 11811893 1 2022-04-01 2023-03-31 11811893 2 2022-04-01 2023-03-31 11811893 core:WithinOneYear 2023-03-31 11811893 core:WithinOneYear 2022-03-31 11811893 core:Non-currentFinancialInstruments 2023-03-31 11811893 core:Non-currentFinancialInstruments 2022-03-31 11811893 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11811893 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11811893 bus:FRS102 2022-04-01 2023-03-31 11811893 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11811893 bus:FullAccounts 2022-04-01 2023-03-31 xbrli:pure xbrli:shares iso4217:GBP