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REGISTERED NUMBER: 04923419 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RED MAPLE LTD

RED MAPLE LTD (REGISTERED NUMBER: 04923419)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RED MAPLE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M King





REGISTERED OFFICE: 7 Guildhall Street
Lincoln
Lincolnshire
LN1 1TT





REGISTERED NUMBER: 04923419 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

RED MAPLE LTD (REGISTERED NUMBER: 04923419)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 269,999
Tangible assets 5 102,111
372,110

CURRENT ASSETS
Stocks 22,657
Debtors 6 323,090
Cash in hand 11,106
356,853
CREDITORS
Amounts falling due within one year 7 463,403
NET CURRENT LIABILITIES (106,550 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,560

CREDITORS
Amounts falling due after more than one year 8 (15,884 )

PROVISIONS FOR LIABILITIES (4,864 )
NET ASSETS 244,812

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 244,712
244,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 MAPLE LTD (REGISTERED NUMBER: 04923419)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 director and authorised for issue on 17 September 2024 and were signed by:





M King - Director


RED MAPLE LTD (REGISTERED NUMBER: 04923419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Red Maple Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

RED MAPLE LTD (REGISTERED NUMBER: 04923419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 269,999
At 31 December 2023 269,999
NET BOOK VALUE
At 31 December 2023 269,999

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2023 - 448,658 448,658
Additions 1 102,785 102,786
At 31 December 2023 1 551,443 551,444
DEPRECIATION
At 1 January 2023 - 415,297 415,297
Charge for year - 34,036 34,036
At 31 December 2023 - 449,333 449,333
NET BOOK VALUE
At 31 December 2023 1 102,110 102,111
At 31 December 2022 - 33,361 33,361

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 218
Amounts owed by group undertakings 320,507
Other debtors 2,365
323,090

RED MAPLE LTD (REGISTERED NUMBER: 04923419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 21,144
Trade creditors 88,873
Taxation and social security 24,281
Other creditors 329,105
463,403

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 15,884

9. RELATED PARTY DISCLOSURES

Red Maple Limited is owned by Triplek Investments Limited. At 31 December 2023 £320,507 was owed by Triplek Investments to Red Maple Limited (2022: £NIL).

10. ULTIMATE CONTROLLING PARTY

Triplek Investments Limited is the ultimate controlling party by virtue of holding all the shares in Red Maple Ltd.