Silverfin false false 31/08/2023 01/09/2022 31/08/2023 C S Reynolds 09/09/2002 P K Reynolds 12/07/2002 09 August 2024 The principal activity of the Company during the financial year was construction of domestic buildings. 04455912 2023-08-31 04455912 bus:Director1 2023-08-31 04455912 bus:Director2 2023-08-31 04455912 2022-08-31 04455912 core:CurrentFinancialInstruments 2023-08-31 04455912 core:CurrentFinancialInstruments 2022-08-31 04455912 core:Non-currentFinancialInstruments 2023-08-31 04455912 core:Non-currentFinancialInstruments 2022-08-31 04455912 core:ShareCapital 2023-08-31 04455912 core:ShareCapital 2022-08-31 04455912 core:CapitalRedemptionReserve 2023-08-31 04455912 core:CapitalRedemptionReserve 2022-08-31 04455912 core:RetainedEarningsAccumulatedLosses 2023-08-31 04455912 core:RetainedEarningsAccumulatedLosses 2022-08-31 04455912 2022-09-01 2023-08-31 04455912 bus:FilletedAccounts 2022-09-01 2023-08-31 04455912 bus:SmallEntities 2022-09-01 2023-08-31 04455912 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 04455912 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04455912 bus:Director1 2022-09-01 2023-08-31 04455912 bus:Director2 2022-09-01 2023-08-31 04455912 2021-09-01 2022-08-31 04455912 core:Non-currentFinancialInstruments 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Company No: 04455912 (England and Wales)

REDLAW PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

REDLAW PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

REDLAW PROPERTIES LIMITED

BALANCE SHEET

As at 31 August 2023
REDLAW PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
£ £
Current assets
Stocks 3 2,404,655 2,404,655
Debtors 4 125,494 130,196
Cash at bank and in hand 10,379 243
2,540,528 2,535,094
Creditors: amounts falling due within one year 5 ( 75,080) ( 88,964)
Net current assets 2,465,448 2,446,130
Total assets less current liabilities 2,465,448 2,446,130
Creditors: amounts falling due after more than one year 6 ( 2,440,077) ( 2,440,077)
Net assets 25,371 6,053
Capital and reserves
Called-up share capital 385 385
Capital redemption reserve 15 15
Profit and loss account 24,971 5,653
Total shareholder's funds 25,371 6,053

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Redlaw Properties Limited (registered number: 04455912) were approved and authorised for issue by the Board of Directors on 09 August 2024. They were signed on its behalf by:

P K Reynolds
Director
REDLAW PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
REDLAW PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Redlaw Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Stocks

2023 2022
£ £
Stocks 740,000 740,000
Work in progress 1,664,655 1,664,655
2,404,655 2,404,655

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 119,500 124,750
Other debtors 5,994 5,446
125,494 130,196

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 6,335 4,252
Taxation and social security 6,317 2,225
Other creditors 62,428 82,487
75,080 88,964

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 2,440,077 2,440,077

All amounts owing to, or becoming owing to, Interbay Funding are secured over the assets of the company by way of a Legal Charge dated 12th April 2019.