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REGISTERED NUMBER: 08782306 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Red Lion (Rothwell) Limited

Red Lion (Rothwell) Limited (Registered number: 08782306)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Red Lion (Rothwell) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D Newman
J Newman
G F Newman





REGISTERED OFFICE: Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW





BUSINESS ADDRESS: 23 Market Hill
Rothwell
Northamptonshire
NN14 6BW





REGISTERED NUMBER: 08782306 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

Red Lion (Rothwell) Limited (Registered number: 08782306)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,484 17,888

CURRENT ASSETS
Stocks 11,820 15,080
Debtors 5 419,318 416,135
Cash at bank and in hand 949 4,956
432,087 436,171
CREDITORS
Amounts falling due within one year 6 334,356 340,010
NET CURRENT ASSETS 97,731 96,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,215

114,049

CREDITORS
Amounts falling due after more than one year 7 (171,682 ) (187,682 )

PROVISIONS FOR LIABILITIES (5,811 ) (3,399 )
NET LIABILITIES (53,278 ) (77,032 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (53,279 ) (77,033 )
(53,278 ) (77,032 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Red Lion (Rothwell) Limited (Registered number: 08782306)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





D Newman - Director


Red Lion (Rothwell) Limited (Registered number: 08782306)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Red Lion (Rothwell) 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.

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.

Significant judgements and estimates
In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
-The amount of revenue can be reliably measured;
-it is probable that future economic benefits will flow to the entity;
-and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.


Red Lion (Rothwell) Limited (Registered number: 08782306)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable
Debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 32 ) .

Red Lion (Rothwell) Limited (Registered number: 08782306)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 55,071 - 55,071
Additions 12,259 750 13,009
At 30 November 2023 67,330 750 68,080
DEPRECIATION
At 1 December 2022 37,183 - 37,183
Charge for year 4,325 88 4,413
At 30 November 2023 41,508 88 41,596
NET BOOK VALUE
At 30 November 2023 25,822 662 26,484
At 30 November 2022 17,888 - 17,888

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 2,516 -
Amounts owed by group undertakings 414,305 414,005
Other debtors 432 372
Prepayments 2,065 1,758
419,318 416,135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 35,132 24,550
Trade creditors 39,245 35,044
Amounts owed to group undertakings 69,875 69,875
Corporation Tax 14,599 6,444
Social security and other taxes 7,451 6,297
VAT 50,005 61,663
Other creditors (CC) 39,003 16,051
Carlsberg loan 14,500 47,820
Net wages 4,929 -
Cassell loan (D&K Newman) 6,640 18,640
Directors' current accounts 49,382 53,626
Accruals and deferred income 3,595 -
334,356 340,010

Red Lion (Rothwell) Limited (Registered number: 08782306)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 2-5 years 26,682 42,682
Wheelers loan 145,000 145,000
171,682 187,682

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE PARENT COMPANY

The company's intermediate parent company is Melkat Limited, incorporated in England. The company's ultimate parent company is Verconder Limited, incorporated in England.