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REGISTERED NUMBER: 03299833 (England and Wales)















REDSHANK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






REDSHANK LIMITED (REGISTERED NUMBER: 03299833)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


REDSHANK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: O A R Giles
Mrs A Contreras Balaguer





REGISTERED OFFICE: 11 Frensham Road
Farnham
GU9 8HF





REGISTERED NUMBER: 03299833 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

REDSHANK LIMITED (REGISTERED NUMBER: 03299833)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,216,000 -

CURRENT ASSETS
Debtors 5 4,395 -
Investments 6 426,719 80,315
Cash at bank 432,286 933
863,400 81,248
CREDITORS
Amounts falling due within one year 7 4,701,320 1,224,000
NET CURRENT LIABILITIES (3,837,920 ) (1,142,752 )
TOTAL ASSETS LESS CURRENT LIABILITIES (621,920 ) (1,142,752 )

CAPITAL AND RESERVES
Called up share capital 8 41,600 41,600
Retained earnings (663,520 ) (1,184,352 )
SHAREHOLDERS' FUNDS (621,920 ) (1,142,752 )

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

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

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 and authorised for issue by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





O A R Giles - Director


REDSHANK LIMITED (REGISTERED NUMBER: 03299833)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Redshank 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 preparation
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 represents the proceeds from the sale of investments or investment products during the period net of sales commissions and profits on other investment opportunities. Gains and losses on investment transactions are recognised in the period when they arise.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Current asset investments
Current asset investments are valued at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 3,216,000
At 31 July 2023 3,216,000
NET BOOK VALUE
At 31 July 2023 3,216,000

REDSHANK LIMITED (REGISTERED NUMBER: 03299833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,395 -

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Investment products 426,719 80,315

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loan from shareholder - 270,000
Other creditors 3,600,000 -
Directors' current accounts 1,100,000 952,800
Accruals and deferred income 1,320 1,200
4,701,320 1,224,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
41,600 Ordinary £1 41,600 41,600

9. POST BALANCE SHEET EVENTS

There may be further deferred consideration for the investment in Land and Buildings Limited, This is dependent upon the sale of the final two properties owned by Land and Buildings Limited. An estimate of the financial effect cannot be made at this point.

10. GOING CONCERN

The financial statements have been drawn up on a going concern basis, the validity of which depends upon the company becoming profitable, and the continued support of the company's directors.

The company has made a profit for the year of £520,832 with net liabilities at the year end of £621,920.

The director has considered the company's financial situation and has indicated his intention to continue to support the company for the foreseeable future.