Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseThe company’s principal activity is that of the development of building projects33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10133544 2022-04-01 2023-03-31 10133544 2021-04-01 2022-03-31 10133544 2023-03-31 10133544 2022-03-31 10133544 c:Director3 2022-04-01 2023-03-31 10133544 d:CurrentFinancialInstruments 2023-03-31 10133544 d:CurrentFinancialInstruments 2022-03-31 10133544 d:Non-currentFinancialInstruments 2023-03-31 10133544 d:Non-currentFinancialInstruments 2022-03-31 10133544 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10133544 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10133544 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10133544 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 10133544 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10133544 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 10133544 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10133544 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 10133544 d:ShareCapital 2023-03-31 10133544 d:ShareCapital 2022-03-31 10133544 d:RetainedEarningsAccumulatedLosses 2023-03-31 10133544 d:RetainedEarningsAccumulatedLosses 2022-03-31 10133544 c:FRS102 2022-04-01 2023-03-31 10133544 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10133544 c:FullAccounts 2022-04-01 2023-03-31 10133544 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10133544 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10133544









REDTREE TOLWORTH LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
REDTREE TOLWORTH LTD
REGISTERED NUMBER: 10133544

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Investments
 4 
155
155

Current assets
  

Debtors: amounts falling due within one year
 5 
162,206
162,206

Cash at bank and in hand
 6 
20,702
44,616

  
182,908
206,822

Creditors: amounts falling due within one year
 7 
(508,461)
(521,192)

Net current liabilities
  
 
 
(325,553)
 
 
(314,370)

Total assets less current liabilities
  
(325,398)
(314,215)

Creditors: amounts falling due after more than one year
 8 
(36,358)
(38,228)

Net liabilities
  
(361,756)
(352,443)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(361,856)
(352,543)

  
(361,756)
(352,443)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
REDTREE TOLWORTH LTD
REGISTERED NUMBER: 10133544
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 December 2023.




P E Summers
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
REDTREE TOLWORTH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Redtree Tolworth Ltd ("the Company") is a company limited by shares, incorporated in England and Wales. Its registered office is 62 Salisbury Road, Walmer, Deal, Kent, CT14 7QJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. The company is financed by companies that have a participating interest. At the time of approval of these financial statements the directors are of the opinion that the company will continue in operation for the foreseeable future.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 3

 
REDTREE TOLWORTH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits repayable without penalty on notice.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.

 
2.11

Taxation

Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
155



At 31 March 2023
155




Page 4

 
REDTREE TOLWORTH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
162,206
162,206



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
20,702
44,616



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,561
10,000

Other taxation and social security
167
-

Other creditors
492,733
502,192

Accruals
9,000
9,000

508,461
521,192



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
36,358
38,228


Page 5

 
REDTREE TOLWORTH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
6,561
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
26,358
28,228


42,919
48,228


The loan of £50,000 is unsecured and for the first 12 months interest is subsidised by the UK government, after which the interest rate is 2.5% per annum. The loan is repayable in June 2026.


10.


Related party transactions

The company has taken advantage of the exemption from disclosing transactions with group companies,
available under FRS102 (Section 33).

 
Page 6