2023-03-012024-02-292024-02-29false13214340RED PANDA RENTS LIMITED2024-08-04iso4217:GBPxbrli:pure132143402023-03-01132143402024-02-29132143402023-03-012024-02-29132143402022-03-01132143402023-02-28132143402022-03-012023-02-2813214340bus:SmallEntities2023-03-012024-02-2913214340bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2913214340bus:FullAccounts2023-03-012024-02-2913214340bus:PrivateLimitedCompanyLtd2023-03-012024-02-2913214340core:WithinOneYear2024-02-2913214340core:AfterOneYear2024-02-2913214340core:WithinOneYear2023-02-2813214340core:AfterOneYear2023-02-2813214340core:ShareCapital2024-02-2913214340core:SharePremium2024-02-2913214340core:RevaluationReserve2024-02-2913214340core:OtherReservesSubtotal2024-02-2913214340core:RetainedEarningsAccumulatedLosses2024-02-2913214340core:ShareCapital2023-02-2813214340core:SharePremium2023-02-2813214340core:RevaluationReserve2023-02-2813214340core:OtherReservesSubtotal2023-02-2813214340core:RetainedEarningsAccumulatedLosses2023-02-2813214340core:LandBuildings2024-02-2913214340core:PlantMachinery2024-02-2913214340core:Vehicles2024-02-2913214340core:FurnitureFittings2024-02-2913214340core:OfficeEquipment2024-02-2913214340core:NetGoodwill2024-02-2913214340core:IntangibleAssetsOtherThanGoodwill2024-02-2913214340core:ListedExchangeTraded2024-02-2913214340core:UnlistedNon-exchangeTraded2024-02-2913214340core:LandBuildings2023-02-2813214340core:PlantMachinery2023-02-2813214340core:Vehicles2023-02-2813214340core:FurnitureFittings2023-02-2813214340core:OfficeEquipment2023-02-2813214340core:NetGoodwill2023-02-2813214340core:IntangibleAssetsOtherThanGoodwill2023-02-2813214340core:ListedExchangeTraded2023-02-2813214340core:UnlistedNon-exchangeTraded2023-02-2813214340core:LandBuildings2023-03-012024-02-2913214340core:PlantMachinery2023-03-012024-02-2913214340core:Vehicles2023-03-012024-02-2913214340core:FurnitureFittings2023-03-012024-02-2913214340core:OfficeEquipment2023-03-012024-02-2913214340core:NetGoodwill2023-03-012024-02-2913214340core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913214340core:ListedExchangeTraded2023-03-012024-02-2913214340core:UnlistedNon-exchangeTraded2023-03-012024-02-2913214340core:MoreThanFiveYears2023-03-012024-02-2913214340core:Non-currentFinancialInstruments2024-02-2913214340core:Non-currentFinancialInstruments2023-02-2813214340dpl:CostSales2023-03-012024-02-2913214340dpl:DistributionCosts2023-03-012024-02-2913214340core:LandBuildings2023-03-012024-02-2913214340core:PlantMachinery2023-03-012024-02-2913214340core:Vehicles2023-03-012024-02-2913214340core:FurnitureFittings2023-03-012024-02-2913214340core:OfficeEquipment2023-03-012024-02-2913214340dpl:AdministrativeExpenses2023-03-012024-02-2913214340core:NetGoodwill2023-03-012024-02-2913214340core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913214340dpl:GroupUndertakings2023-03-012024-02-2913214340dpl:ParticipatingInterests2023-03-012024-02-2913214340dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2913214340core:ListedExchangeTraded2023-03-012024-02-2913214340dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2913214340core:UnlistedNon-exchangeTraded2023-03-012024-02-2913214340dpl:CostSales2022-03-012023-02-2813214340dpl:DistributionCosts2022-03-012023-02-2813214340core:LandBuildings2022-03-012023-02-2813214340core:PlantMachinery2022-03-012023-02-2813214340core:Vehicles2022-03-012023-02-2813214340core:FurnitureFittings2022-03-012023-02-2813214340core:OfficeEquipment2022-03-012023-02-2813214340dpl:AdministrativeExpenses2022-03-012023-02-2813214340core:NetGoodwill2022-03-012023-02-2813214340core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2813214340dpl:GroupUndertakings2022-03-012023-02-2813214340dpl:ParticipatingInterests2022-03-012023-02-2813214340dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2813214340core:ListedExchangeTraded2022-03-012023-02-2813214340dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2813214340core:UnlistedNon-exchangeTraded2022-03-012023-02-2813214340core:NetGoodwill2024-02-2913214340core:IntangibleAssetsOtherThanGoodwill2024-02-2913214340core:LandBuildings2024-02-2913214340core:PlantMachinery2024-02-2913214340core:Vehicles2024-02-2913214340core:FurnitureFittings2024-02-2913214340core:OfficeEquipment2024-02-2913214340core:AfterOneYear2024-02-2913214340core:WithinOneYear2024-02-2913214340core:ListedExchangeTraded2024-02-2913214340core:UnlistedNon-exchangeTraded2024-02-2913214340core:ShareCapital2024-02-2913214340core:SharePremium2024-02-2913214340core:RevaluationReserve2024-02-2913214340core:OtherReservesSubtotal2024-02-2913214340core:RetainedEarningsAccumulatedLosses2024-02-2913214340core:NetGoodwill2023-02-2813214340core:IntangibleAssetsOtherThanGoodwill2023-02-2813214340core:LandBuildings2023-02-2813214340core:PlantMachinery2023-02-2813214340core:Vehicles2023-02-2813214340core:FurnitureFittings2023-02-2813214340core:OfficeEquipment2023-02-2813214340core:AfterOneYear2023-02-2813214340core:WithinOneYear2023-02-2813214340core:ListedExch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RED PANDA RENTS LIMITED

Registered Number
13214340
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

RED PANDA RENTS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

CURTIS, Lucy Emma
CURTIS, Thomas Andrew

Registered Address

11 Rectory Lane
Barby
Rugby
CV23 8TZ

Registered Number

13214340 (England and Wales)
RED PANDA RENTS LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3130,102130,102
130,102130,102
Current assets
Debtors43940
Cash at bank and on hand3,5802,891
3,6192,931
Creditors amounts falling due within one year5(78,571)(78,199)
Net current assets (liabilities)(74,952)(75,268)
Total assets less current liabilities55,15054,834
Creditors amounts falling due after one year6(50,883)(51,571)
Net assets4,2673,263
Capital and reserves
Called up share capital100100
Profit and loss account4,1673,163
Shareholders' funds4,2673,263
The financial statements were approved and authorised for issue by the Board of Directors on 4 August 2024, and are signed on its behalf by:
CURTIS, Lucy Emma
Director
Registered Company No. 13214340
RED PANDA RENTS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Current taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2.Average number of employees

20242023
Average number of employees during the year22
3.Investment property

£
Fair value at 01 March 23130,102
At 29 February 24130,102
4.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income3940
Total3940
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts1,5081,354
Taxation and social security235416
Other creditors76,42976,429
Accrued liabilities and deferred income399-
Total78,57178,199
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts50,88351,571
Total50,88351,571