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COMPANY REGISTRATION NUMBER: 10191184
Redbridge Developers Limited
Filleted Unaudited Abridged Financial Statements
31 March 2023
Redbridge Developers Limited
Abridged Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
100
100
Current assets
Stocks
40,000
40,000
Debtors
608,108
589,582
Cash at bank and in hand
48,216
68,857
---------
---------
696,324
698,439
Creditors: amounts falling due within one year
1,268,068
1,264,240
------------
------------
Net current liabilities
571,744
565,801
---------
---------
Total assets less current liabilities
( 571,644)
( 565,701)
Creditors: amounts falling due after more than one year
( 34,587)
( 40,255)
---------
---------
Net liabilities
( 606,231)
( 605,956)
---------
---------
Capital and reserves
Called up share capital
600
600
Profit and loss account
( 606,831)
( 606,556)
---------
---------
Shareholders deficit
( 606,231)
( 605,956)
---------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Redbridge Developers Limited
Abridged Statement of Financial Position (continued)
31 March 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 11 March 2024 , and are signed on behalf of the board by:
Mr R C Patel
Director
Company registration number: 10191184
Redbridge Developers Limited
Notes to the Abridged Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Redbridge Lane East, Ilford, Essex IG4 5ET.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises amounts receivable from the sales of developed units. Turnover is recognised as the fair value of consideration received or receivable on transfer of significant risks and rewards of ownership to the buyer. This is usually This is usually at the point of legal completion of developed units.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Investments
£
Cost
At 1 April 2022 and 31 March 2023
100
----
Impairment
At 1 April 2022 and 31 March 2023
----
Carrying amount
At 31 March 2023
100
----
At 31 March 2022
100
----