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REGISTERED NUMBER: 07539522 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Redland Green Limited

Redland Green Limited (Registered number: 07539522)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Redland Green Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Ms K E De Klerk
N B Drysdale
N J Hanbury-Williams
M J Regan
Ms E S Seath
P A Sulzmann
SC Chan
JS Ruddlesdin





REGISTERED OFFICE: Redland Green
Redland
Bristol
BS6 7HF





REGISTERED NUMBER: 07539522 (England and Wales)





ACCOUNTANTS: Moore
Chartered Accountants
6th Floor
Whitefriars
Lewins Mead
Bristol
BS1 2NT

Redland Green Limited (Registered number: 07539522)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 881,625 57,451
Investments 5 1,000 1,000
882,625 58,451

CURRENT ASSETS
Stocks - 3,363
Debtors 6 312,845 271,927
Cash at bank 122,748 102,158
435,593 377,448
CREDITORS
Amounts falling due within one year 7 46,235 41,440
NET CURRENT ASSETS 389,358 336,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,271,983

394,459

CREDITORS
Amounts falling due after more than
one year

8

125,727

9,736
NET ASSETS 1,146,256 384,723

Redland Green Limited (Registered number: 07539522)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
RESERVES
Revaluation reserve 660,000 -
Income and expenditure account 486,256 384,723
1,146,256 384,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





Ms K E De Klerk - Director


Redland Green Limited (Registered number: 07539522)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Redland Green Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost and 10% on cost
Plant and machinery - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Redland Green Limited (Registered number: 07539522)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 April 2022 3,265 309,783 96,836 409,884
Additions 660,000 177,310 - 837,310
At 31 March 2023 663,265 487,093 96,836 1,247,194
DEPRECIATION
At 1 April 2022 - 258,160 94,273 352,433
Charge for year - 10,573 2,563 13,136
At 31 March 2023 - 268,733 96,836 365,569
NET BOOK VALUE
At 31 March 2023 663,265 218,360 - 881,625
At 31 March 2022 3,265 51,623 2,563 57,451

In May 2022 Redland Green Limited acquired the playing land from the bare trust for £nil consideration. The playing land was subsequently valued at £660,000 for Land Registry purposes. The playing land is held by Redland Green Limited on behalf of its members.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 1,000
NET BOOK VALUE
At 31 March 2023 1,000
At 31 March 2022 1,000

The investment shown represents the issued share capital of Bristol Lawn Tennis Club Limited.

Redland Green Limited (Registered number: 07539522)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 9,451 14,411
Amounts owed by related parties 301,098 257,494
Other debtors 2,296 22
312,845 271,927

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 36,450 29,545
Taxation and social security 3,303 4,988
Other creditors 6,482 6,907
46,235 41,440

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 125,727 9,736

9. RELATED PARTY DISCLOSURES

The shares of Bristol Lawn Tennis Club Limited were acquired by Redland Green Limited from the bare trust on 28 March 2022. Bristol Lawn Tennis Club Limited is a property holding company and does not generate any income. Redland Green Limited pays the capital and interest repayments on the loans secured/unsecured loans on the clubhouse and carpark assets in Bristol Lawn Tennis Club Limited. These payments are recorded as amounts receivable within Debtors.