Company registration number 03835898 (England and Wales)
REDMILL PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
REDMILL PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
REDMILL PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
10,932,397
10,932,397
Creditors: amounts falling due within one year
5
(94,209)
(89,709)
Net current assets
10,838,188
10,842,688
Capital and reserves
Called up share capital
2,000,002
2,000,002
Profit and loss reserves
8,838,186
8,842,686
Total equity
10,838,188
10,842,688

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 January 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.

The 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 1 October 2023
P M Beckwith
Director
Company Registration No. 03835898
REDMILL PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information

Redmill Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 17 Cresswells Mead, Maidenhead, United Kingdom, SL6 2YP.

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 amounts in these financial statements are rounded to the nearest £.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements as permitted by FRS 102 Section 1A ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.

- the requirements of Section 33 Related Party Disclosures relating to transactions with companies 100% owed by PMB Holdings Limited.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the director is aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

Investments

Directors have made judgements when reviewing the value of the company's unlisted investments.

When making their judgements they have reviewed external valuations, the net assets of the unlisted investment and previous transactions in the unlisted company's shares.

REDMILL PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
3
Employees

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

2023
2022
Number
Number
Total
1
1
REDMILL PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
896,699
896,699
2023
2022
Amounts falling due after more than one year:
£
£
Other debtors
10,035,698
10,035,698
Total debtors
10,932,397
10,932,397
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,500
-
0
Other creditors
89,709
89,709
94,209
89,709
6
Parent company

The ultimate parent company is PMB Holdings Limited, a company registered in England and Wales. The ultimate controlling party is P M Beckwith.

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