REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2023 |
for |
Red House Park (No.2) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2023 |
for |
Red House Park (No.2) Limited |
Red House Park (No.2) Limited (Registered number: 03890445) |
Contents of the Financial Statements |
for the year ended 31 May 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 4 |
Red House Park (No.2) Limited |
Company Information |
for the year ended 31 May 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Pacioli House |
9 Brookfield |
Duncan Close |
Northampton |
Northamptonshire |
NN3 6WL |
Red House Park (No.2) Limited (Registered number: 03890445) |
Balance Sheet |
31 May 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
Red House Park (No.2) Limited (Registered number: 03890445) |
Notes to the Financial Statements |
for the year ended 31 May 2023 |
1. | STATUTORY INFORMATION |
Red House Park (No.2) 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 principal place of business is at the freehold land situated in front of the registered office. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on a going concern basis as the company has the support of its shareholders who own the units that generate the contributions. |
The financial statements are presented in Sterling (£) and cover the period to 31st May each year. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover represents contributions receivable from unit occupiers. |
Tangible fixed assets |
The company's sole tangible fixed asset is freehold land which has not been depreciated. |
Trade and other debtors |
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at undiscounted cost less impairment losses for bad and doubtful debts. |
Trade and other creditors |
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at undiscounted cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 1 June 2022 |
and 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 May 2022 |
Red House Park (No.2) Limited (Registered number: 03890445) |
Notes to the Financial Statements - continued |
for the year ended 31 May 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Accrued expenses |
7. | FINANCIAL INSTRUMENTS |
The company does not have significant exposure to foreign currency, liquidity, cash flow and interest rate risks due to the nature of its trade. |
The exposure to credit risk is limited as there is a legal requirement of the unit freeholds to make contributions to the company. |
The company holds no derivative financial instruments at either year end. |
8. | PROVISIONS FOR LIABILITIES |
Maintenance |
provision |
£ |
Balance at 1st June, 2022 | 18,159 |
Provided during year | 1,000 |
Balance at 31st May, 2023 | 19,159 |
The provision in these financial statements relates to the ongoing maintenance fund for the common areas of the freehold land. |
9. | CONTINGENT LIABILITIES |
There were no contingent liabilities as at 31st May, 2023 or 31st May, 2022. |
10. | RELATED PARTY DISCLOSURES |
The nature of the company is such that all turnover is due from owners holding a participating interest. All material related party transactions with owners holding a participating interest and directors, were concluded under normal market conditions. |
11. | ULTIMATE CONTROLLING PARTY |
The company is not under the control of any single shareholder. |