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REGISTERED NUMBER: 03522262 (England and Wales)















Redisher Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






Redisher Limited (Registered number: 03522262)






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


Redisher Limited

Company Information
for the year ended 31 May 2023







DIRECTORS: WR Walsh
H Walsh





SECRETARY: H Walsh





REGISTERED OFFICE: 6 Lower Redisher
Redisher Lane
Hawkshaw
Bury
Lancashire
BL8 4HX





REGISTERED NUMBER: 03522262 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Redisher Limited (Registered number: 03522262)

Balance Sheet
31 May 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 55 73
Investment property 5 319,312 319,312
319,367 319,385

CURRENT ASSETS
Debtors 6 5,124 5,318
Cash in hand 178,091 234,736
183,215 240,054
CREDITORS
Amounts falling due within one year 7 215,726 272,727
NET CURRENT LIABILITIES (32,511 ) (32,673 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,856

286,712

CREDITORS
Amounts falling due after more than one
year

8

229,100

229,100
NET ASSETS 57,756 57,612

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 57,656 57,512
SHAREHOLDERS' FUNDS 57,756 57,612

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.

Redisher Limited (Registered number: 03522262)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by:





WR Walsh - Director


Redisher Limited (Registered number: 03522262)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Redisher 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 (£).


The amounts in the financial statements have been rounded to the nearest £1.

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
Revenue is recognised, in respect of contracts where the company's contractual obligations are performed gradually over time, as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount of revenue reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Investment property
In accordance with Financial Reporting Standard 102, the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. Any surplus or deficit on revaluation of such properties is transferred to the investment property revaluation reserve. Depreciation is not provided in respect of freehold investment properties. This policy represents a departure from the requirements of the Companies Act, which requires depreciation to be provided on all fixed assets. The director considers that this policy is necessary in order that the financial statements may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Redisher Limited (Registered number: 03522262)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Office
equipment
£
COST
At 1 June 2022
and 31 May 2023 3,927
DEPRECIATION
At 1 June 2022 3,854
Charge for year 18
At 31 May 2023 3,872
NET BOOK VALUE
At 31 May 2023 55
At 31 May 2022 73

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2022
and 31 May 2023 319,312
NET BOOK VALUE
At 31 May 2023 319,312
At 31 May 2022 319,312

The property was valued on an open market basis by the director as at 31 May 2023 at £319,312. On a historical cost basis the investment property would have been included at £319,312 (2022: £319,312).

Redisher Limited (Registered number: 03522262)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 3,600 3,600
Amounts recoverable on contracts - 412
Prepayments 1,524 1,306
5,124 5,318

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Corporation tax 1,914 4,680
VAT 600 600
Other creditors - 4,000
Directors' loan accounts 208,579 258,263
Accruals and deferred income 4,633 5,184
215,726 272,727

Other creditors includes a director's loan of £208,579 (2022 £258,263) which is unsecured with no fixed repayment terms.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Director's loan account 67,900 229,100
Other loan 161,200 -
229,100 229,100

Other creditors includes a director's loan of £67,900 (2022: £229,100) which is unsecured with no fixed repayment terms.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
30 Ordinary A £1 30 30
30 Ordinary B £1 30 30
20 Ordinary C £1 20 20
20 Ordinary D £1 20 20
100 100

10. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by Mr and Mrs WR Walsh by virtue of their shareholdings. Loan interest amounting to £0 (2022: £18,000) is payable to the directors.