Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11670625 2022-12-01 2023-11-30 11670625 2021-12-01 2022-11-30 11670625 2023-11-30 11670625 2022-11-30 11670625 c:Director1 2022-12-01 2023-11-30 11670625 c:Director2 2022-12-01 2023-11-30 11670625 d:CurrentFinancialInstruments 2023-11-30 11670625 d:CurrentFinancialInstruments 2022-11-30 11670625 d:Non-currentFinancialInstruments 2023-11-30 11670625 d:Non-currentFinancialInstruments 2022-11-30 11670625 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11670625 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11670625 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11670625 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 11670625 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 11670625 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 11670625 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 11670625 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-30 11670625 d:ShareCapital 2023-11-30 11670625 d:ShareCapital 2022-11-30 11670625 d:RetainedEarningsAccumulatedLosses 2023-11-30 11670625 d:RetainedEarningsAccumulatedLosses 2022-11-30 11670625 c:FRS102 2022-12-01 2023-11-30 11670625 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11670625 c:FullAccounts 2022-12-01 2023-11-30 11670625 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11670625 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 11670625









REDSTATE LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
REDSTATE LIMITED
REGISTERED NUMBER: 11670625

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
46,804
37,206

Cash at bank and in hand
  
56
3

  
46,860
37,209

Creditors: amounts falling due within one year
 3 
(47,628)
(21,359)

Net current (liabilities)/assets
  
 
 
(768)
 
 
15,850

Total assets less current liabilities
  
(768)
15,850

Creditors: amounts falling due after more than one year
 4 
(43,116)
(43,116)

  

Net liabilities
  
(43,884)
(27,266)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(43,984)
(27,366)

  
(43,884)
(27,266)


Page 1

 
REDSTATE LIMITED
REGISTERED NUMBER: 11670625

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

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 profit and loss account 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 13 August 2024.




................................................
G C Redwood
................................................
Mrs A W Redwood
Director
Director

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

Page 2

 
REDSTATE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Redstate Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 11670625. The address of the registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, NR7 0HR.
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In forming their decision on going concern the directors have considered a period of no less than 12 months from the date of accounts approval and have concluded that the company will continue trading for the foreseeable future. 
On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The company relies on support from its bankers and informal directors' loan facilities.

 
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 Profit and Loss Account in the same period as the related expenditure.

 
2.4

Finance costs

Finance costs are charged to profit or loss 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 profit or loss in the year in which they are incurred.

Page 3

 
REDSTATE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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.

Page 4

 
REDSTATE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
7,500
7,500

Other creditors
38,747
12,839

Accruals and deferred income
1,381
1,020

47,628
21,359



4.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
43,116
43,116

43,116
43,116



5.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
7,500
7,500


7,500
7,500


Amounts falling due 2-5 years

Bank loans
40,833
40,833


40,833
40,833

Amounts falling due after more than 5 years

Bank loans
2,283
2,283

2,283
2,283

50,616
50,616


Page 5

 
REDSTATE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Related party transactions

As at 1 December 2022, Redstate Limited owed £12,839 to G & A Redwood. Repayments of £330 were
made, and loan advances made of £26,238, leaving a balance of £38,747 owed to G & A Redwood from
Redstate Limited as at 30 November 2023. The loan is interest free and repayable on demand.


Page 6