Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falsetrue33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00432114 2023-04-01 2024-03-31 00432114 2022-04-01 2023-03-31 00432114 2024-03-31 00432114 2023-03-31 00432114 c:Director2 2023-04-01 2024-03-31 00432114 d:Buildings 2024-03-31 00432114 d:Buildings 2023-03-31 00432114 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00432114 d:OfficeEquipment 2023-04-01 2024-03-31 00432114 d:OfficeEquipment 2024-03-31 00432114 d:OfficeEquipment 2023-03-31 00432114 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00432114 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00432114 d:CurrentFinancialInstruments 2024-03-31 00432114 d:CurrentFinancialInstruments 2023-03-31 00432114 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00432114 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00432114 d:ShareCapital 2024-03-31 00432114 d:ShareCapital 2023-03-31 00432114 d:RevaluationReserve 2024-03-31 00432114 d:RevaluationReserve 2023-03-31 00432114 d:RetainedEarningsAccumulatedLosses 2024-03-31 00432114 d:RetainedEarningsAccumulatedLosses 2023-03-31 00432114 c:FRS102 2023-04-01 2024-03-31 00432114 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00432114 c:FullAccounts 2023-04-01 2024-03-31 00432114 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00432114 5 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 00432114










C.E. REDDING & SON LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
C.E. REDDING & SON LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 4

 
C.E. REDDING & SON LIMITED
REGISTERED NUMBER: 00432114

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
435,527
435,620

Current assets
  

Cash at bank and in hand
  
54,544
56,957

Creditors: amounts falling due within one year
 5 
(8,709)
(8,180)

Net current assets
  
 
 
45,835
 
 
48,777

  

Net assets
  
481,362
484,397


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Revaluation reserve
  
415,843
415,843

Profit and loss account
  
64,519
67,554

  
481,362
484,397


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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 July 2024.




R.C. Redding
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
C.E. REDDING & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

C E Redding & Son Limited is a private company limited by shares incorporated in England. The address of the registered office and principal place of  business is 23 Park Close, Barton Under Needwood, Burton-On-Trent, Staffordshire, DE13 8DX.

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

Revenue

Turnover in the profit and loss account represents rent receivable.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2

 
C.E. REDDING & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

 
2.6

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 to related parties.

 
2.7

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.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

 
2.9

Taxation

Tax is recognised in profit or loss 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.

Page 3

 
C.E. REDDING & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Freehold investment property
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
435,000
4,358
439,358



At 31 March 2024

435,000
4,358
439,358



Depreciation


At 1 April 2023
-
3,738
3,738


Charge for the year on owned assets
-
93
93



At 31 March 2024

-
3,831
3,831



Net book value



At 31 March 2024
435,000
527
435,527



At 31 March 2023
435,000
620
435,620

The freehold investment property was valued in the current year by the directors after taking professional advice, on an open market for existing use basis. The historic cost of the property is £19,157 (2023: £19,157)


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
5,643
5,240

Other creditors
240
114

Accruals and deferred income
2,826
2,826

8,709
8,180


Page 4