Company Registration No. 11081482 (England and Wales)
RedH Limited
Unaudited accounts
for the year ended 31 December 2023
RedH Limited
Unaudited accounts
Contents
RedH Limited
Company Information
for the year ended 31 December 2023
Directors
Douglas Howard
Lorraine Howard
Company Number
11081482 (England and Wales)
Registered Office
Unit 2, Station Road Industrial Estate
Station Road
Liphook
GU30 7DR
ENGLAND
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
RedH Limited
Statement of financial position
as at 31 December 2023
Tangible assets
174,708
237,206
Cash at bank and in hand
7,627
24,127
Creditors: amounts falling due within one year
(36,973)
(71,138)
Net current assets
42,776
39,625
Total assets less current liabilities
217,484
276,831
Creditors: amounts falling due after more than one year
(1,511,758)
(1,297,504)
Provisions for liabilities
Deferred tax
(33,194)
(45,070)
Net liabilities
(1,327,468)
(1,065,743)
Called up share capital
200
200
Profit and loss account
(1,327,668)
(1,065,943)
Shareholders' funds
(1,327,468)
(1,065,743)
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by
Douglas Howard
Director
Company Registration No. 11081482
RedH Limited
Notes to the Accounts
for the year ended 31 December 2023
RedH Limited is a private company, limited by shares, registered in England and Wales, registration number 11081482. The registered office is Unit 2, Station Road Industrial Estate, Station Road, Liphook, GU30 7DR, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Plant & machinery
20% straight line
Fixtures & fittings
25% straight line
Computer equipment
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
RedH Limited
Notes to the Accounts
for the year ended 31 December 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
On 1 June 2018 fixed and floating charges were registered at Companies House over the undertaking and property, including a negative pledge, entitled to Metro Bank plc. The charge was satisfied on 21 September 2023.
The directors consider that a going concern basis is appropriate for the preparation of the accounts which assumes the company will continue in operation for the forseeable future as the company's working capital requirements are provided by a loan from its parent company, Real English Drinks Group Limited.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
138,396
262,532
5,437
406,365
At 31 December 2023
138,396
271,432
5,437
415,265
At 1 January 2023
49,831
113,891
5,437
169,159
Charge for the year
27,679
43,719
-
71,398
At 31 December 2023
77,510
157,610
5,437
240,557
At 31 December 2023
60,886
113,822
-
174,708
At 31 December 2022
88,565
148,641
-
237,206
Amounts falling due within one year
Trade debtors
14,465
13,916
Accrued income and prepayments
20,555
17,470
Other debtors
11,250
11,250
RedH Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
22,194
43,087
Taxes and social security
607
-
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
1,485,889
1,260,687
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
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Operating lease commitments
2023
2022
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
41,548
45,337
Later than one year and not later than five years
-
41,548
As at the balance sheet date RedH Limited is a wholly owned subsidiary of Real English Drinks Group Limited, company number 12986662, whose registered office is, Unit 2, Station Road Industrial Estate, Station Road, Liphook, England, GU30 7DR.
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Average number of employees
During the year the average number of employees was 15 (2022: 25).