0 0 0 0 0 0 0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,520,439 61,236 2,581,675 2,581,675 2,520,439 xbrli:pure xbrli:shares iso4217:GBP 01863986 2023-01-01 2023-12-31 01863986 2023-12-31 01863986 2022-12-31 01863986 2022-01-01 2022-12-31 01863986 2022-12-31 01863986 2021-12-31 01863986 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 01863986 bus:Director4 2023-01-01 2023-12-31 01863986 bus:Director5 2023-01-01 2023-12-31 01863986 core:WithinOneYear 2023-12-31 01863986 core:WithinOneYear 2022-12-31 01863986 core:OtherReservesSubtotal 2022-01-01 2022-12-31 01863986 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 01863986 core:OtherReservesSubtotal 2023-01-01 2023-12-31 01863986 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 01863986 core:ShareCapital 2023-12-31 01863986 core:ShareCapital 2022-12-31 01863986 core:SharePremium 2023-12-31 01863986 core:SharePremium 2022-12-31 01863986 core:OtherReservesSubtotal 2023-12-31 01863986 core:OtherReservesSubtotal 2022-12-31 01863986 core:RetainedEarningsAccumulatedLosses 2023-12-31 01863986 core:RetainedEarningsAccumulatedLosses 2022-12-31 01863986 core:ShareCapital 2021-12-31 01863986 core:SharePremium 2021-12-31 01863986 core:OtherReservesSubtotal 2021-12-31 01863986 core:RetainedEarningsAccumulatedLosses 2021-12-31 01863986 core:HedgingReserve 2022-12-31 01863986 core:HedgingReserve 2021-12-31 01863986 core:HedgingReserve 2023-12-31 01863986 core:HedgingReserve 2022-12-31 01863986 1 2023-01-01 2023-12-31 01863986 1 2022-01-01 2022-12-31 01863986 1 core:OtherReservesSubtotal 2022-01-01 2022-12-31 01863986 1 core:OtherReservesSubtotal 2023-01-01 2023-12-31 01863986 1 core:HedgingReserve 2023-01-01 2023-12-31 01863986 1 core:HedgingReserve 2022-01-01 2022-12-31 01863986 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 01863986 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2023-12-31 01863986 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 01863986 core:Non-currentFinancialInstruments 2023-12-31 01863986 core:Non-currentFinancialInstruments 2022-12-31 01863986 bus:SmallEntities 2023-01-01 2023-12-31 01863986 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01863986 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01863986 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01863986 bus:FullAccounts 2023-01-01 2023-12-31 01863986 bus:OrdinaryShareClass1 2023-12-31 01863986 bus:OrdinaryShareClass1 2022-12-31
COMPANY REGISTRATION NUMBER: 01863986
REDACELL LIMITED
UNAUDITED FINANCIAL STATEMENTS
31 December 2023
REDACELL LIMITED
FINANCIAL STATEMENTS
Year ended 31 December 2023
Contents
Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
REDACELL LIMITED
DIRECTORS' REPORT
Year ended 31 December 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2023 .
DIRECTORS
The directors who served the company during the year were as follows:
Mr W J R White
Mr M J R White
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 25 September 2024 and signed on behalf of the board by:
Mr W J R White
Director
REDACELL LIMITED
STATEMENT OF COMPREHENSIVE INCOME
Year ended 31 December 2023
2023
2022
£
£
Result for the financial year
Fair value movements on investment in subsidiaries
61,236
175,802
--------
---------
OTHER COMPREHENSIVE INCOME FOR THE YEAR
61,236
175,802
--------
---------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
61,236
175,802
--------
---------
REDACELL LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Investments
4
2,581,675
2,520,439
CURRENT ASSETS
Debtors
5
3,344
3,344
CREDITORS: amounts falling due within one year
6
115,491
115,491
---------
---------
NET CURRENT LIABILITIES
112,147
112,147
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,469,528
2,408,292
------------
------------
CAPITAL AND RESERVES
Called up share capital
7
90
90
Share premium account
1,672
1,672
Other reserves, including the fair value reserve
2,563,013
2,501,777
Profit and loss account
( 95,247)
( 95,247)
------------
------------
SHAREHOLDERS FUNDS
2,469,528
2,408,292
------------
------------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 September 2024 , and are signed on behalf of the board by:
Mr W J R White
Director
Company registration number: 01863986
REDACELL LIMITED
STATEMENT OF CHANGES IN EQUITY
Year ended 31 December 2023
Called up share capital
Share premium account
Other reserves, including the fair value reserve
Profit and loss account
Total
£
£
£
£
£
AT 1 JANUARY 2022
90
1,672
2,325,975
( 95,247)
2,232,490
Profit for the year
Other comprehensive income for the year:
Fair value movements on investment in subsidiaries
175,802
175,802
----
-------
------------
--------
------------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
175,802
175,802
AT 31 DECEMBER 2022
90
1,672
2,501,777
( 95,247)
2,408,292
Profit for the year
Other comprehensive income for the year:
Fair value movements on investment in subsidiaries
61,236
61,236
----
-------
------------
--------
------------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
61,236
61,236
----
-------
------------
--------
------------
AT 31 DECEMBER 2023
90
1,672
2,563,013
( 95,247)
2,469,528
----
-------
------------
--------
------------
REDACELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Systems House, Central Business Park, Mackadown Lane, Birmingham, West Midlands, B33 OJL.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been applied consistently to all years presented unless otherwise stated.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Investments in subsidiaries are included in the ultimate parent company balance sheet at fair value as determined by the directors and unrealised gains and losses are dealt with in the fair value reserve. Changes in fair value are shown in other comprehensive income.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. INVESTMENTS
Shares in group undertakings
£
Cost or valuation
At 1 January 2023
2,520,439
Revaluations
61,236
------------
At 31 December 2023
2,581,675
------------
Impairment
At 1 January 2023 and 31 December 2023
------------
Carrying amount
At 31 December 2023
2,581,675
------------
At 31 December 2022
2,520,439
------------
5. DEBTORS
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
3,344
3,344
-------
-------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
115,491
115,491
---------
---------
7. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
90
90
90
90
----
----
----
----
8. FAIR VALUE RESERVE
The following movements on the fair value reserve are included within other reserves, including the fair value reserve in the statement of changes in equity:
2023
2022
£
£
At start of year
2,501,777
2,325,975
Fair value movements on investment in subsidiaries
61,236
175,802
------------
------------
At end of year
2,563,013
2,325,975
------------
------------