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Registered number: 05383537
Redwood Estates (Uk) Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05383537
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 (9,297 ) 6,189
(9,297 ) 6,189
CURRENT ASSETS
Debtors 5 410,322 388,495
Cash at bank and in hand 384,274 407,858
794,596 796,353
Creditors: Amounts Falling Due Within One Year 6 (169,454 ) (165,118 )
NET CURRENT ASSETS (LIABILITIES) 625,142 631,235
TOTAL ASSETS LESS CURRENT LIABILITIES 615,845 637,424
Creditors: Amounts Falling Due After More Than One Year 7 (54,231 ) (105,932 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,532 ) (1,855 )
NET ASSETS 560,082 529,637
CAPITAL AND RESERVES
Called up share capital 9 1,201 1,201
Profit and Loss Account 558,881 528,436
SHAREHOLDERS' FUNDS 560,082 529,637
Page 1
Page 2
For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Leckenby
Director
22 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Redwood Estates (Uk) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05383537 . The registered office is 550 Valley Road, Basford, Nottingham, Nottinghamshire, NG5 1JJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
Page 3
Page 4
3. Average Number of Employees
7Average number of employees, including directors, during the year was: 7 (2023: 2)
7 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 3,772 51,522 17,684 34,147 107,125
Additions - - 159 1,909 2,068
As at 31 March 2024 3,772 51,522 17,843 36,056 109,193
Depreciation
As at 1 April 2023 4,208 45,697 18,824 32,207 100,936
Provided during the period 604 8,244 2,861 5,845 17,554
As at 31 March 2024 4,812 53,941 21,685 38,052 118,490
Net Book Value
As at 31 March 2024 (1,040 ) (2,419 ) (3,842 ) (1,996 ) (9,297 )
As at 1 April 2023 (436 ) 5,825 (1,140 ) 1,940 6,189
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 29,883 38,014
Prepayments and accrued income 649 649
Other debtors 41,965 21,965
Investments 316,018 295,763
Directors' loan accounts - 9,101
Amounts owed by group undertakings 21,807 23,003
410,322 388,495
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,133 7,911
Trade creditors 35,235 44,506
Other loans 45,342 45,342
Corporation tax 35,458 26,175
Other taxes and social security 3,479 2,749
VAT 34,332 34,435
HMRC Overseas Holding 3,707 3,707
Credit Card 1,372 293
Directors' loan accounts 7,396 -
169,454 165,118
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,376 16,509
Other loans 40,855 89,423
54,231 105,932
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,133 7,911
Later than one year and not later than five years 13,376 16,509
16,509 24,420
16,509 24,420
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,201 1,201
Page 5