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REGISTERED NUMBER: 11040394 (England and Wales)















Group Strategic Report, Director's Report and

Consolidated Financial Statements for the Year Ended 31 December 2023

for

Red Brook Holdings Limited

Red Brook Holdings Limited (Registered number: 11040394)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Group Strategic Report 2

Director's Report 3

Independent Auditors' Report 5

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Statement of Financial Position 11

Company Statement of Financial Position 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Statement of Cash Flows 15

Notes to the Consolidated Statement of Cash
Flows

16

Notes to the Consolidated Financial
Statements

17


Red Brook Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S Difrancesco





SECRETARY: S Difrancesco





REGISTERED OFFICE: 147a High Street
Waltham Cross
United Kingdom
Hertfordshire
EN8 7AP





REGISTERED NUMBER: 11040394 (England and Wales)





AUDITORS: Thickbroom Coventry
Chartered Accountants
and Statutory Auditors
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Red Brook Holdings Limited (Registered number: 11040394)

Group Strategic Report
for the Year Ended 31 December 2023

The director presents his strategic report of the company and the group for the year ended 31 December 2023.

PRINCIPAL ACTIVITIES
During the year under review the group's principal activity was that of the wholesale of fresh produce. There has not been any significant changes in the group's principal activities in the year under review. The directors are not aware, at the date of this report, of any likely changes to the group's activities in the next year.

REVIEW OF THE BUSINESS AND KEY PERFORMANCE INDICATORS
The group continues to set itself the goal to provide a high quality service and product to its customers.

The key performance indicators of the group are those that communicate the financial performance and strength of the group as a whole and these include turnover, gross profit margins and profits before tax.

The business improved both revenue and profitability in 2023 when compared to 2022, £53.5m from £46.5m and £1.3m from £0.9m.

The business also improved gross profit margins in 2023 compared to 2022, 4.42% from 3.81%.

In a highly competitive industry, the directors foresee continued growth and are confident that the business can continue to adapt to market trends.

The directors are satisfied with the results and performance of the group during the year ended 31 December 2023.

FINANCIAL RISK MANAGEMENT
The group's principal financial instruments comprise of bank balances, trade creditors and trade debtors. The main purpose of these instruments is to raise funds for the group's operations.

In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating rates of interest if required.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due. This includes the monitoring of foreign currencies in order to minimise the group's exposure to exchange fluctuations.

ON BEHALF OF THE BOARD:





S Difrancesco - Director


24 July 2024

Red Brook Holdings Limited (Registered number: 11040394)

Director's Report
for the Year Ended 31 December 2023

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2023.

DIVIDENDS
No interim dividend was paid during the year. The director recommends a final dividend of £1,650 per share.

The total distribution of dividends for the year ended 31 December 2023 will be £ 330,000 .

DIRECTOR
S Difrancesco held office during the whole of the period from 1 January 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

Red Brook Holdings Limited (Registered number: 11040394)

Director's Report
for the Year Ended 31 December 2023


AUDITORS
The auditors, Thickbroom Coventry, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





S Difrancesco - Director


24 July 2024

Independent Auditors' Report to the Members of
Red Brook Holdings Limited

Opinion
We have audited the financial statements of Red Brook Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2023 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2023 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Independent Auditors' Report to the Members of
Red Brook Holdings Limited


Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Director's Report, but does not include the financial statements and our Auditors' Report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Independent Auditors' Report to the Members of
Red Brook Holdings Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework applicable to the company and the sector in which the operate. We determined that the following laws and regulations were most significant; the Companies Act 2006 and UK corporate taxation laws.

We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management. We corroborated our inquiries through our review of board minutes and papers provided by those charged with governance.

We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team include:
- identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
- understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
- challenging assumptions and judgements made by management in its significant accounting estimates;
- identifying and testing journal entries, in particular and journal entries posted with unusual account combinations; and
- assessing the extent of compliance with the relevant laws and regulations.

We have reviewed the financial statements and considered whether they are consistent with our understanding of the entity or indicate a previously unrecognised risk of material misstatement that could be due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Independent Auditors' Report to the Members of
Red Brook Holdings Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Iain McMurray ACA (Senior Statutory Auditor)
for and on behalf of Thickbroom Coventry
Chartered Accountants
and Statutory Auditors
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

24 July 2024

Red Brook Holdings Limited (Registered number: 11040394)

Consolidated
Income Statement
for the Year Ended 31 December 2023

2023 2022
Notes £    £   

TURNOVER 53,557,700 46,467,688

Cost of sales 51,189,599 44,696,732
GROSS PROFIT 2,368,101 1,770,956

Administrative expenses 1,158,647 973,640
1,209,454 797,316

Other operating income 159,954 152,378
OPERATING PROFIT 4 1,369,408 949,694

Interest receivable and similar
income

29,352

3,461
1,398,760 953,155

Interest payable and similar
expenses

5

13,599

-
PROFIT BEFORE TAXATION 1,385,161 953,155

Tax on profit 6 330,356 179,797
PROFIT FOR THE FINANCIAL YEAR 1,054,805 773,358
Profit attributable to:
Owners of the parent 1,054,805 773,358

Red Brook Holdings Limited (Registered number: 11040394)

Consolidated
Other Comprehensive Income
for the Year Ended 31 December 2023

2023 2022
Notes £    £   

PROFIT FOR THE YEAR 1,054,805 773,358


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,054,805

773,358

Total comprehensive income attributable to:
Owners of the parent 1,054,805 773,358

Red Brook Holdings Limited (Registered number: 11040394)

Consolidated Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 43,633 49,957
Investments 10
Interest in associate 51 -
Other investments - 50
43,684 50,007

CURRENT ASSETS
Stocks 11 9,462 859
Debtors 12 7,833,890 5,475,172
Cash at bank 3,311,257 2,103,922
11,154,609 7,579,953
CREDITORS
Amounts falling due within one year 13 8,416,478 5,572,950
NET CURRENT ASSETS 2,738,131 2,007,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,781,815

2,057,010

CAPITAL AND RESERVES
Called up share capital 14 200 200
Other reserves 15 197,041 197,041
Retained earnings 15 2,584,574 1,859,769
SHAREHOLDERS' FUNDS 2,781,815 2,057,010

The financial statements were approved by the director and authorised for issue on 24 July 2024 and were signed by:





S Difrancesco - Director


Red Brook Holdings Limited (Registered number: 11040394)

Company Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 - -
Investments 10 558,193 558,192
558,193 558,192

CURRENT ASSETS
Debtors 12 1,082,071 546,291
Cash at bank 84,352 579,111
1,166,423 1,125,402
CREDITORS
Amounts falling due within one year 13 619,279 834,326
NET CURRENT ASSETS 547,144 291,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,105,337

849,268

CAPITAL AND RESERVES
Called up share capital 14 200 200
Retained earnings 1,105,137 849,068
SHAREHOLDERS' FUNDS 1,105,337 849,268

Company's profit for the financial
year

586,069

583,661

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

The financial statements were approved by the director and authorised for issue on 24 July 2024 and were signed by:





S Difrancesco - Director


Red Brook Holdings Limited (Registered number: 11040394)

Consolidated Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 January 2022 200 1,366,411 197,041 1,563,652

Changes in equity
Dividends - (280,000 ) - (280,000 )
Total comprehensive income - 773,358 - 773,358
Balance at 31 December 2022 200 1,859,769 197,041 2,057,010

Changes in equity
Dividends - (330,000 ) - (330,000 )
Total comprehensive income - 1,054,805 - 1,054,805
Balance at 31 December 2023 200 2,584,574 197,041 2,781,815

Red Brook Holdings Limited (Registered number: 11040394)

Company Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 200 545,407 545,607

Changes in equity
Dividends - (280,000 ) (280,000 )
Total comprehensive income - 583,661 583,661
Balance at 31 December 2022 200 849,068 849,268

Changes in equity
Dividends - (330,000 ) (330,000 )
Total comprehensive income - 586,069 586,069
Balance at 31 December 2023 200 1,105,137 1,105,337

Red Brook Holdings Limited (Registered number: 11040394)

Consolidated Statement of Cash Flows
for the Year Ended 31 December 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,951,918 837,180
Interest paid (13,599 ) -
Tax paid (179,798 ) (163,364 )
Net cash from operating activities 1,758,521 673,816

Cash flows from investing activities
Purchase of tangible fixed assets (1,663 ) (52,416 )
Purchase of fixed asset investments (1 ) (50 )
Sale of tangible fixed assets - 19,750
Interest received 29,352 3,461
Net cash from investing activities 27,688 (29,255 )

Cash flows from financing activities
Amount introduced by directors 300,449 428,122
Amount withdrawn by directors (549,323 ) (496,544 )
Equity dividends paid (330,000 ) (280,000 )
Net cash from financing activities (578,874 ) (348,422 )

Increase in cash and cash equivalents 1,207,335 296,139
Cash and cash equivalents at
beginning of year

2

2,103,922

1,807,783

Cash and cash equivalents at end
of year

2

3,311,257

2,103,922

Red Brook Holdings Limited (Registered number: 11040394)

Notes to the Consolidated Statement of Cash Flows
for the Year Ended 31 December 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2023 2022
£    £   
Profit before taxation 1,385,161 953,155
Depreciation charges 7,987 11,783
Loss on disposal of fixed assets - 231
Finance costs 13,599 -
Finance income (29,352 ) (3,461 )
1,377,395 961,708
(Increase)/decrease in stocks (8,603 ) 32,295
Increase in trade and other debtors (2,068,642 ) (2,017,975 )
Increase in trade and other creditors 2,651,768 1,861,152
Cash generated from operations 1,951,918 837,180

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 December 2023
31/12/23 1/1/23
£    £   
Cash and cash equivalents 3,311,257 2,103,922
Year ended 31 December 2022
31/12/22 1/1/22
£    £   
Cash and cash equivalents 2,103,922 1,807,783


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/23 Cash flow At 31/12/23
£    £    £   
Net cash
Cash at bank 2,103,922 1,207,335 3,311,257
2,103,922 1,207,335 3,311,257
Total 2,103,922 1,207,335 3,311,257

Red Brook Holdings Limited (Registered number: 11040394)

Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Red Brook Holdings 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

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

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - straight line over 3 years

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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 Consolidated 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.


Red Brook Holdings Limited (Registered number: 11040394)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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

3. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 526,719 372,470
Social security costs 39,793 26,684
Other pension costs 6,690 87,242
573,202 486,396

The average number of employees during the year was as follows:
2023 2022

Administration staff 11 11

The average number of employees by undertakings that were proportionately consolidated during the year was 9 (2022 - 9 ) .

2023 2022
£    £   
Director's remuneration 9,100 8,840

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 7,987 11,782
Loss on disposal of fixed assets - 231
Auditors' remuneration 17,600 -
Foreign exchange differences 8,374 (17,924 )

Red Brook Holdings Limited (Registered number: 11040394)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Bank loan interest 13,599 -

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 330,356 179,797
Tax on profit 330,356 179,797

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. DIVIDENDS
2023 2022
£    £   
Ordinary shares of £1 each
Final 330,000 280,000

Red Brook Holdings Limited (Registered number: 11040394)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

9. TANGIBLE FIXED ASSETS

Group
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 19,977 8,917 50,500 1,666 81,060
Additions - 1,663 - - 1,663
Disposals - - - (1,666 ) (1,666 )
At 31 December 2023 19,977 10,580 50,500 - 81,057
DEPRECIATION
At 1 January 2023 17,659 4,889 7,259 1,296 31,103
Charge for year 348 783 6,486 370 7,987
Eliminated on disposal - - - (1,666 ) (1,666 )
At 31 December 2023 18,007 5,672 13,745 - 37,424
NET BOOK VALUE
At 31 December 2023 1,970 4,908 36,755 - 43,633
At 31 December 2022 2,318 4,028 43,241 370 49,957

10. FIXED ASSET INVESTMENTS

Group
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 January 2023 50 - 50
Additions - 1 1
Reclassification/transfer (50 ) 50 -
At 31 December 2023 - 51 51
NET BOOK VALUE
At 31 December 2023 - 51 51
At 31 December 2022 50 - 50

Red Brook Holdings Limited (Registered number: 11040394)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

10. FIXED ASSET INVESTMENTS - continued

Company
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 January 2023 558,192 - 558,192
Additions - 1 1
Reclassification/transfer (50 ) 50 -
At 31 December 2023 558,142 51 558,193
NET BOOK VALUE
At 31 December 2023 558,142 51 558,193
At 31 December 2022 558,192 - 558,192


11. STOCKS

Group
2023 2022
£    £   
Stocks 9,462 859

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Trade debtors 6,107,971 4,608,869 - -
Amounts owed by group undertakings - - 3,107 262,907
Amounts owed by associates 153,987 154,793 153,987 -
Other debtors 431,696 179 431,697 180
Other debtors: Stubbins 58,333 108,333 - -
Directors' loan accounts 452,078 203,204 452,078 203,204
Tax 41,202 - 41,202 -
VAT 18,448 16,380 - -
Prepayments and accrued income 570,175 383,414 - 80,000
7,833,890 5,475,172 1,082,071 546,291

Red Brook Holdings Limited (Registered number: 11040394)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Trade creditors 7,392,777 4,933,494 - -
Amounts owed to group undertakings - - 573,722 819,907
Tax 371,557 179,797 41,202 -
Other creditors 59,056 124,000 - 13,729
Accrued expenses 593,088 335,659 4,355 690
8,416,478 5,572,950 619,279 834,326

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200

15. RESERVES

Group
Retained Other
earnings reserves Totals
£    £    £   

At 1 January 2023 1,859,769 197,041 2,056,810
Profit for the year 1,054,805 1,054,805
Dividends (330,000 ) (330,000 )
At 31 December 2023 2,584,574 197,041 2,781,615


16. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
S Difrancesco
Balance outstanding at start of year 203,204 134,782
Amounts advanced 679,570 366,102
Amounts repaid (430,696 ) (297,680 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 452,078 203,204