IRIS Accounts Production v24.2.0.383 09477452 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094774522023-03-31094774522024-03-31094774522023-04-012024-03-31094774522022-03-31094774522022-04-012023-03-31094774522023-03-3109477452ns15:EnglandWales2023-04-012024-03-3109477452ns14:PoundSterling2023-04-012024-03-3109477452ns10:Director12023-04-012024-03-3109477452ns10:Director22023-04-012024-03-3109477452ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109477452ns10:SmallEntities2023-04-012024-03-3109477452ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109477452ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109477452ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109477452ns10:FullAccounts2023-04-012024-03-3109477452ns10:RegisteredOffice2023-04-012024-03-3109477452ns5:CurrentFinancialInstruments2024-03-3109477452ns5:CurrentFinancialInstruments2023-03-3109477452ns5:ShareCapital2024-03-3109477452ns5:ShareCapital2023-03-3109477452ns5:RevaluationReserve2024-03-3109477452ns5:RevaluationReserve2023-03-3109477452ns5:RetainedEarningsAccumulatedLosses2024-03-3109477452ns5:RetainedEarningsAccumulatedLosses2023-03-3109477452ns5:PlantMachinery2023-04-012024-03-3109477452ns5:PlantMachinery2024-03-3109477452ns5:CostValuation2024-03-3109477452ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109477452ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109477452ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 09477452 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Redvale Limited

Redvale Limited (Registered number: 09477452)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Redvale Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T J Kennett
G J Kennett





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 09477452 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Redvale Limited (Registered number: 09477452)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 819 -
Investments 5 60,001 60,001
Investment property 6 3,015,371 2,238,255
3,076,191 2,298,256

CURRENT ASSETS
Debtors 7 7,547 3,602
Cash at bank 98,520 30,842
106,067 34,444
CREDITORS
Amounts falling due within one year 8 1,926,734 1,425,929
NET CURRENT LIABILITIES (1,820,667 ) (1,391,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,255,524

906,771

PROVISIONS FOR LIABILITIES 42,689 42,689
NET ASSETS 1,212,835 864,082

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 170,754 170,754
Retained earnings 1,041,981 693,228
SHAREHOLDERS' FUNDS 1,212,835 864,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Redvale Limited (Registered number: 09477452)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




G J Kennett - Director



T J Kennett - Director


Redvale Limited (Registered number: 09477452)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Redvale Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Redvale Limited (Registered number: 09477452)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Investment properties
Investment properties, being freehold properties held to earn rental income and for capital appreciation are carried at the most recent valuations.

Investment property disposals are recognised on completion. Profits and losses arising are recognised through the profit or loss account as determined as the difference between the sales proceeds and the carrying amount of the asset.

Investment properties are not depreciated.

Rental income arising from investment properties is accounted for on a straight-line basis over the lease term.

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is valued based upon the purchase price of the properties in 2015/18, the directors are of the opinion these valuations have not materially changed.

Where the property value is expected to have changed, the directors best estimate has been used.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 893
At 31 March 2024 893
DEPRECIATION
Charge for year 74
At 31 March 2024 74
NET BOOK VALUE
At 31 March 2024 819

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2023
and 31 March 2024 60,001
NET BOOK VALUE
At 31 March 2024 60,001
At 31 March 2023 60,001

Redvale Limited (Registered number: 09477452)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,238,255
Additions 777,116
At 31 March 2024 3,015,371
NET BOOK VALUE
At 31 March 2024 3,015,371
At 31 March 2023 2,238,255

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 170,754
Cost 2,844,617
3,015,371

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,745 -
Other debtors 4,802 3,602
7,547 3,602

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 55 25
Taxation and social security 40,850 22,780
Other creditors 1,885,829 1,403,124
1,926,734 1,425,929

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 170,754

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount of £1,784,804 (2023: £1,316,561) payable to the directors from the company, this amount is interest free with no set terms of repayment.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G Kennett.