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Company Registration No. 4114665 (England and Wales)
REDI-38 LIMITED Unaudited accounts for the year ended 31 March 2024
REDI-38 LIMITED Unaudited accounts Contents
Page
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REDI-38 LIMITED Company Information for the year ended 31 March 2024
Director
Martin Williams
Company Number
4114665 (England and Wales)
Registered Office
Brooklands Cottage Methodist Lane Llantwit Major Vale Of Glamorgan CF61 1RH
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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REDI-38 LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
176,921 
176,659 
Investments
2,837,500 
2,837,500 
3,014,421 
3,014,159 
Current assets
Cash at bank and in hand
27,849 
21,767 
Creditors: amounts falling due within one year
(4,667)
(3,853)
Net current assets
23,182 
17,914 
Net assets
3,037,603 
3,032,073 
Capital and reserves
Called up share capital
56,000 
56,000 
Capital redemption reserve
4,000 
4,000 
Profit and loss account
2,977,603 
2,972,073 
Shareholders' funds
3,037,603 
3,032,073 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 August 2024 and were signed on its behalf by
Martin Williams Director Company Registration No. 4114665
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REDI-38 LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
REDI-38 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4114665. The registered office is Brooklands Cottage, Methodist Lane, Llantwit Major, Vale Of Glamorgan, CF61 1RH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
176,659 
- 
176,659 
Additions
- 
349 
349 
At 31 March 2024
176,659 
349 
177,008 
Depreciation
Charge for the year
- 
87 
87 
At 31 March 2024
- 
87 
87 
Net book value
At 31 March 2024
176,659 
262 
176,921 
At 31 March 2023
176,659 
- 
176,659 
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
2,837,500 
Valuation at 31 March 2024
2,837,500 
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REDI-38 LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
750 
750 
Taxes and social security
814 
- 
Loans from directors
3,103 
3,103 
4,667 
3,853 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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