Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC361625 2022-07-01 2023-06-30 SC361625 2021-07-01 2022-06-30 SC361625 2023-06-30 SC361625 2022-06-30 SC361625 c:Director1 2022-07-01 2023-06-30 SC361625 c:Director2 2022-07-01 2023-06-30 SC361625 c:RegisteredOffice 2022-07-01 2023-06-30 SC361625 d:Buildings 2022-07-01 2023-06-30 SC361625 d:Buildings 2023-06-30 SC361625 d:Buildings 2022-06-30 SC361625 d:Buildings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC361625 d:PlantMachinery 2022-07-01 2023-06-30 SC361625 d:PlantMachinery 2023-06-30 SC361625 d:PlantMachinery 2022-06-30 SC361625 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC361625 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC361625 d:CurrentFinancialInstruments 2023-06-30 SC361625 d:CurrentFinancialInstruments 2022-06-30 SC361625 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC361625 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 SC361625 d:ShareCapital 2023-06-30 SC361625 d:ShareCapital 2022-06-30 SC361625 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC361625 d:RetainedEarningsAccumulatedLosses 2022-06-30 SC361625 c:OrdinaryShareClass1 2022-07-01 2023-06-30 SC361625 c:OrdinaryShareClass1 2023-06-30 SC361625 c:OrdinaryShareClass1 2022-06-30 SC361625 c:FRS102 2022-07-01 2023-06-30 SC361625 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC361625 c:FullAccounts 2022-07-01 2023-06-30 SC361625 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC361625 6 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC361625










REDWELL FARMS LIMITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
REDWELL FARMS LIMITED
 

COMPANY INFORMATION


DIRECTORS
T R Callander 
Gail Callander 




REGISTERED NUMBER
SC361625



REGISTERED OFFICE
Redwell Farm

By Forfar

Angus

DD8 1QB




ACCOUNTANTS
EQ Accountants LLP
Chartered Accountants

Westby

64 West High Street

Forfar

DD8 1BJ





 
REDWELL FARMS LIMITED
REGISTERED NUMBER: SC361625

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
                                                      
£
£

FIXED ASSETS
  

Tangible assets
 4 
862,702
886,234

Investments
 5 
50
50

  
862,752
886,284

CURRENT ASSETS
  

Stocks
  
48,609
52,873

Debtors: amounts falling due within one year
 6 
8,510
20,351

Cash at bank and in hand
  
23,095
20,771

  
80,214
93,995

Creditors: amounts falling due within one year
 7 
(106,665)
(213,015)

NET CURRENT LIABILITIES
  
 
 
(26,451)
 
 
(119,020)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
836,301
767,264

  

NET ASSETS
  
836,301
767,264


CAPITAL AND RESERVES
  

Called up share capital 
 8 
989,183
989,183

Profit and loss account
  
(152,882)
(221,919)

  
836,301
767,264


Page 1

 
REDWELL FARMS LIMITED
REGISTERED NUMBER: SC361625

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 November 2023.




T R Callander
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
REDWELL FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


GENERAL INFORMATION

Redwell Farms Limited is private company, limited by shares and incorporated in Scotland with registration number SC361625. The registered office is Redwell Farm, by Forfar, Angus, DD8 1QB.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

VALUATION OF INVESTMENTS

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position 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.

Page 3

 
REDWELL FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


TANGIBLE FIXED ASSETS





Freehold property
Plant & machinery
Total

£
£
£



COST OR VALUATION


At 1 July 2022
849,057
273,268
1,122,325


Additions
-
25,425
25,425


Disposals
-
(11,500)
(11,500)



At 30 June 2023

849,057
287,193
1,136,250



DEPRECIATION


At 1 July 2022
158,872
77,219
236,091


Charge for the year on owned assets
13,804
26,703
40,507


Disposals
-
(3,050)
(3,050)



At 30 June 2023

172,676
100,872
273,548



NET BOOK VALUE



At 30 June 2023
676,381
186,321
862,702



At 30 June 2022
690,185
196,049
886,234

Page 4

 
REDWELL FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


FIXED ASSET INVESTMENTS





Trade investments

£





At 1 July 2022
50




Page 5

 
REDWELL FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


DEBTORS

2023
2022
£
£


Other debtors
4,709
16,651

Prepayments and accrued income
3,801
3,700

8,510
20,351



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Other creditors
106,665
213,015

106,665
213,015



8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



989,183 (2022 - 989,183) Ordinary shares of £1.00 each
989,183
989,183



Page 6