Silverfin false 31/03/2023 01/04/2022 31/03/2023 P McClymont 02/03/2017 04 November 2023 The principal activity if the company during the financial year was quantity surveying activities. 10647492 2023-03-31 10647492 bus:Director1 2023-03-31 10647492 2022-03-31 10647492 core:CurrentFinancialInstruments 2023-03-31 10647492 core:CurrentFinancialInstruments 2022-03-31 10647492 core:Non-currentFinancialInstruments 2023-03-31 10647492 core:Non-currentFinancialInstruments 2022-03-31 10647492 core:ShareCapital 2023-03-31 10647492 core:ShareCapital 2022-03-31 10647492 core:RetainedEarningsAccumulatedLosses 2023-03-31 10647492 core:RetainedEarningsAccumulatedLosses 2022-03-31 10647492 core:ComputerSoftware 2022-03-31 10647492 core:ComputerSoftware 2023-03-31 10647492 core:PlantMachinery 2022-03-31 10647492 core:Vehicles 2022-03-31 10647492 core:OfficeEquipment 2022-03-31 10647492 core:PlantMachinery 2023-03-31 10647492 core:Vehicles 2023-03-31 10647492 core:OfficeEquipment 2023-03-31 10647492 bus:OrdinaryShareClass1 2023-03-31 10647492 2022-04-01 2023-03-31 10647492 bus:FullAccounts 2022-04-01 2023-03-31 10647492 bus:SmallEntities 2022-04-01 2023-03-31 10647492 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10647492 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10647492 bus:Director1 2022-04-01 2023-03-31 10647492 core:ComputerSoftware 2022-04-01 2023-03-31 10647492 core:PlantMachinery 2022-04-01 2023-03-31 10647492 core:Vehicles 2022-04-01 2023-03-31 10647492 core:OfficeEquipment 2022-04-01 2023-03-31 10647492 2021-04-01 2022-03-31 10647492 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 10647492 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10647492 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10647492 (England and Wales)

REDMOOR PROPERTY CONSULTANTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

REDMOOR PROPERTY CONSULTANTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

REDMOOR PROPERTY CONSULTANTS LIMITED

BALANCE SHEET

As at 31 March 2023
REDMOOR PROPERTY CONSULTANTS LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 1,239 0
Tangible assets 4 25,280 27,626
26,519 27,626
Current assets
Debtors 5 13,024 12,747
Cash at bank and in hand 2,164 1,503
15,188 14,250
Creditors: amounts falling due within one year 6 ( 19,395) ( 10,608)
Net current (liabilities)/assets (4,207) 3,642
Total assets less current liabilities 22,312 31,268
Creditors: amounts falling due after more than one year 7 ( 19,240) ( 25,549)
Provision for liabilities ( 6,630) ( 5,249)
Net (liabilities)/assets ( 3,558) 470
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account ( 3,658 ) 370
Total shareholder's (deficit)/funds ( 3,558) 470

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

Director's responsibilities:

The financial statements of Redmoor Property Consultants Limited (registered number: 10647492) were approved and authorised for issue by the Director on 04 November 2023. They were signed on its behalf by:

P McClymont
Director
REDMOOR PROPERTY CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
REDMOOR PROPERTY CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Redmoor Property Consultants Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises of the fair value consideration received or receivable for the provision of services in the ordinary course if the company's activities. Turnover is shown net value of value added tax, returns, rebates and discounts and after eliminating within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 33 % reducing balance
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 20 % reducing balance
Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Computer software Total
£ £
Cost
At 01 April 2022 0 0
Additions 1,850 1,850
At 31 March 2023 1,850 1,850
Accumulated amortisation
At 01 April 2022 0 0
Charge for the financial year 611 611
At 31 March 2023 611 611
Net book value
At 31 March 2023 1,239 1,239
At 31 March 2022 0 0

4. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 April 2022 325 25,975 2,149 28,449
Additions 0 0 3,643 3,643
At 31 March 2023 325 25,975 5,792 32,092
Accumulated depreciation
At 01 April 2022 172 0 651 823
Charge for the financial year 23 5,195 771 5,989
At 31 March 2023 195 5,195 1,422 6,812
Net book value
At 31 March 2023 130 20,780 4,370 25,280
At 31 March 2022 153 25,975 1,498 27,626

5. Debtors

2023 2022
£ £
Trade debtors 11,201 6,821
Corporation tax 573 0
Other debtors 1,250 5,926
13,024 12,747

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 2,400 2,400
Taxation and social security 2,040 2,892
Obligations under finance leases and hire purchase contracts 3,978 3,697
Other creditors 10,977 1,619
19,395 10,608

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 5,200 7,600
Obligations under finance leases and hire purchase contracts (secured) 14,040 17,949
19,240 25,549

The hire purchase liability is secured on the asset to which it relates.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Financial commitments

Commitments

2023 2022
£ £
Total future minimum lease payments under non-cancellable operating lease 3,750 0