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REGISTERED NUMBER: 04254813 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

REDHILL (HAVERFORDWEST) LIMITED

REDHILL (HAVERFORDWEST) LIMITED (REGISTERED NUMBER: 04254813)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


REDHILL (HAVERFORDWEST) LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: Mr P R Lovegrove
Mrs M J Lovegrove





SECRETARY: Mrs M J Lovegrove





REGISTERED OFFICE: Redhill Farmhouse
Redhill
Camrose
Haverfordwest
Pembrokeshire
SA62 6HU





REGISTERED NUMBER: 04254813 (England and Wales)





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

REDHILL (HAVERFORDWEST) LIMITED (REGISTERED NUMBER: 04254813)

STATEMENT OF FINANCIAL POSITION
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 990,181 994,604

CURRENT ASSETS
Stocks 472 -
Debtors 5 77,618 77,802
Cash at bank 164,015 144,971
242,105 222,773
CREDITORS
Amounts falling due within one year 6 281,280 289,372
NET CURRENT LIABILITIES (39,175 ) (66,599 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

951,006

928,005

CREDITORS
Amounts falling due after more than one
year

7

(327,529

)

(354,081

)

PROVISIONS FOR LIABILITIES (17,499 ) (13,742 )
NET ASSETS 605,978 560,182

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 605,878 560,082
SHAREHOLDERS' FUNDS 605,978 560,182

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 profit or loss 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.

REDHILL (HAVERFORDWEST) LIMITED (REGISTERED NUMBER: 04254813)

STATEMENT OF FINANCIAL POSITION - continued
31 July 2023


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 3 November 2023 and were signed on its behalf by:





Mrs M J Lovegrove - Director


REDHILL (HAVERFORDWEST) LIMITED (REGISTERED NUMBER: 04254813)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Redhill (Haverfordwest) Limited is a private company, limited by shares , 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

Revenue review
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.

The directors have adopted the going concern basis of accounting.

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

Property, plant & equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Assets are held at cost less accumulated depreciation.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Revenue recognition
The company's turnover represents the supply of education. The company recognises revenue as soon as an obligation arises to provide supplies, and an invoice raised and sent.

REDHILL (HAVERFORDWEST) LIMITED (REGISTERED NUMBER: 04254813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 30 ) .

4. PROPERTY, PLANT & EQUIPMENT
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2022 719,849 196,758 232,986
Additions - - 901
At 31 July 2023 719,849 196,758 233,887
DEPRECIATION
At 1 August 2022 - - 183,774
Charge for year - - 5,935
At 31 July 2023 - - 189,709
NET BOOK VALUE
At 31 July 2023 719,849 196,758 44,178
At 31 July 2022 719,849 196,758 49,212

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 31,848 18,534 28,275 1,228,250
Additions 6,237 - 3,789 10,927
At 31 July 2023 38,085 18,534 32,064 1,239,177
DEPRECIATION
At 1 August 2022 15,614 16,057 18,201 233,646
Charge for year 3,472 - 5,943 15,350
At 31 July 2023 19,086 16,057 24,144 248,996
NET BOOK VALUE
At 31 July 2023 18,999 2,477 7,920 990,181
At 31 July 2022 16,234 2,477 10,074 994,604

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 70,406 66,979
Other debtors 7,212 10,823
77,618 77,802

REDHILL (HAVERFORDWEST) LIMITED (REGISTERED NUMBER: 04254813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 31,994 31,164
Trade creditors 7,576 3,353
Taxation and social security 21,774 11,318
Other creditors 219,936 243,537
281,280 289,372

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 327,529 354,081

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 359,523 385,245

The bank loan is secured as a fixed charge against freehold property included in property, plant and equipment to the value of £696,703.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mrs M J Lovegrove and Mr P R Lovegrove
Balance outstanding at start of year (187,853 ) (203,419 )
Amounts advanced 33,744 17,566
Amounts repaid - (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (154,109 ) (187,853 )

10. RELATED PARTY DISCLOSURES

During the year the directors charged the company rent of £13,926.00