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REGISTERED NUMBER: 04779631 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

REDLEAF LIMITED

REDLEAF LIMITED (REGISTERED NUMBER: 04779631)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REDLEAF LIMITED

COMPANY INFORMATION
for the year ended 31 May 2023







DIRECTORS: P S Bishton
Mrs M Bishton





SECRETARY: Mrs S N Bishton





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 04779631 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

REDLEAF LIMITED (REGISTERED NUMBER: 04779631)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,337 5,146
Investments 5 - 2
Investment property 6 200,000 4,026,967
203,337 4,032,115

CURRENT ASSETS
Debtors 7 164,255 468,955
Cash at bank 160,970 343,828
325,225 812,783
CREDITORS
Amounts falling due within one year 8 241,683 1,773,336
NET CURRENT ASSETS/(LIABILITIES) 83,542 (960,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,879

3,071,562

CREDITORS
Amounts falling due after more than one
year

9

(52,405

)

(75,990

)

PROVISIONS FOR LIABILITIES (41,727 ) (74,462 )
NET ASSETS 192,747 2,921,110

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 125,181 888,158
Retained earnings 67,466 2,032,852
192,747 2,921,110

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

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

REDLEAF LIMITED (REGISTERED NUMBER: 04779631)

BALANCE SHEET - continued
31 May 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 30 November 2023 and were signed on its behalf by:





P S Bishton - Director


REDLEAF LIMITED (REGISTERED NUMBER: 04779631)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Redleaf 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

REDLEAF LIMITED (REGISTERED NUMBER: 04779631)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 16,081
DEPRECIATION
At 1 June 2022 10,935
Charge for year 1,809
At 31 May 2023 12,744
NET BOOK VALUE
At 31 May 2023 3,337
At 31 May 2022 5,146

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 June 2022 2
Impairments (2 )
At 31 May 2023 -
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 4,026,967
Disposals (3,875,000 )
Revaluations 48,033
At 31 May 2023 200,000
NET BOOK VALUE
At 31 May 2023 200,000
At 31 May 2022 4,026,967

REDLEAF LIMITED (REGISTERED NUMBER: 04779631)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

6. INVESTMENT PROPERTY - continued

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2021 118,876
Valuation in 2023 48,033
Cost 33,091
200,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,099 78,914
Amounts owed by group undertakings 91,013 -
Amounts owed by participating interests - 372,938
Other debtors 28,741 -
VAT 2,496 -
Prepayments and accrued income 30,906 17,103
164,255 468,955

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,456,000
Other loans 23,585 21,328
Trade creditors 28,210 12,157
Amounts owed to group undertakings - 13,851
Amounts owed to participating interests 6,500 -
Tax 26,207 23,799
Social security and other taxes 772 764
VAT - 33,701
Other creditors 599 452
Directors' current accounts 94,435 45,399
Accruals and deferred income 61,375 165,885
241,683 1,773,336

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 52,405 23,585
Other loans - 2-5 years - 52,405
52,405 75,990

REDLEAF LIMITED (REGISTERED NUMBER: 04779631)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 1,456,000

Bank loan is secured by way of a legal charge on the properties and a limited personal guarantee given by Mr P S Bishton.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Redleaf Holdings Limited which has common directors.