Company Registration No. 13132345 (England and Wales)
REDCAT PUB HOTELS LIMITED
Unaudited accounts
for the year ended 31 March 2023
REDCAT PUB HOTELS LIMITED
Unaudited accounts
Contents
REDCAT PUB HOTELS LIMITED
Company Information
for the year ended 31 March 2023
Directors
Rooney Anand
Michael Rothwell
Company Number
13132345 (England and Wales)
Registered Office
5TH FLOOR
83 - 85 BAKER STREET
LONDON
W1U 6AG
Accountants
Williams Stanley and Co
REDCAT PUB HOTELS LIMITED
Statement of financial position
as at 31 March 2023
Creditors: amounts falling due within one year
(82,433)
(1,284)
Net current liabilities
(82,433)
(1,284)
Net liabilities
(82,433)
(184)
Called up share capital
100
100
Profit and loss account
(82,533)
(284)
Shareholders' funds
(82,433)
(184)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by
Michael Rothwell
Director
Company Registration No. 13132345
REDCAT PUB HOTELS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
REDCAT PUB HOTELS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13132345. The registered office is 5TH FLOOR, 83 - 85 BAKER STREET, LONDON, W1U 6AG.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared in accordance with the 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.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
The estimated useful lives range as follows:
Plant and machinery - between 5-15 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
RedCat Pub Hotels Limited is part of the RedCat Pub Company Limited Group of Companies. Any funding requirements are provided by RedCat Pub Company Limited. As a result, the Directors are of the opinion that the Company will be able to meet its liabilities as they fall due for at least a period of 12 months. Accordingly, the Company continues to adopt the going concern basis in the preparation of these financial statements.
REDCAT PUB HOTELS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
3
Tangible fixed assets
Plant & machinery
4
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
82,433
1,284
5
Transactions with related parties
The Company has taken advantage of exemption, under the terms of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
The Ultimate Parent Company is RedCat Pub Company Limited who own 100% of the share capital in the entity.
The Ultimate Controlling Party is Oaktree Opportunities Fund XI GP, LP, an investment fund managed by Oaktree Capital Management LP, a private equity management firm.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).