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REGISTERED NUMBER: 10753390 (England and Wales)















RED HOUSE (BATH) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






RED HOUSE (BATH) LIMITED (REGISTERED NUMBER: 10753390)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RED HOUSE (BATH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs D J Still
Mr M W Still
Mr J A Still





REGISTERED OFFICE: 1st Floor Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 10753390 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

RED HOUSE (BATH) LIMITED (REGISTERED NUMBER: 10753390)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,433,290 1,163,697

CURRENT ASSETS
Stocks 88,639 66,756
Debtors 5 319,257 284,683
Cash at bank and in hand 524,219 603,758
932,115 955,197
CREDITORS
Amounts falling due within one year 6 2,117,257 1,617,690
NET CURRENT LIABILITIES (1,185,142 ) (662,493 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,248,148 501,204

CREDITORS
Amounts falling due after more than one year 7 729,146 106,667
NET ASSETS 519,002 394,537

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 518,902 394,437
SHAREHOLDERS' FUNDS 519,002 394,537

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

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

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2024 and were signed on its behalf by:



Mrs D J Still - Director


RED HOUSE (BATH) LIMITED (REGISTERED NUMBER: 10753390)

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


1. STATUTORY INFORMATION

Red House (Bath) 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 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.

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.

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.
Improvements to property - Over 20 years
Plant and machinery - 20% straight line on cost
Fixtures and fittings - 20% straight line on 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 Statement of Income and Retained Earnings, 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.

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 75 (2022 - 75 ) .

RED HOUSE (BATH) LIMITED (REGISTERED NUMBER: 10753390)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1st January 2023 - 1,361,349 301,662 432,341 2,095,352
Additions 1,265,101 94,864 55,020 17,993 1,432,978
At 31st December 2023 1,265,101 1,456,213 356,682 450,334 3,528,330
DEPRECIATION
At 1st January 2023 - 281,575 233,378 416,702 931,655
Charge for year - 72,811 71,336 19,238 163,385
At 31st December 2023 - 354,386 304,714 435,940 1,095,040
NET BOOK VALUE
At 31st December 2023 1,265,101 1,101,827 51,968 14,394 2,433,290
At 31st December 2022 - 1,079,774 68,284 15,639 1,163,697

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 102,963 73,949
Amounts owed by group undertakings 152,438 -
Other debtors 63,856 210,734
319,257 284,683

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 57,036 40,000
Trade creditors 242,395 139,035
Amounts owed to group undertakings 660,403 -
Taxation and social security 344,150 490,966
Other creditors 813,273 947,689
2,117,257 1,617,690

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 729,146 106,667

RED HOUSE (BATH) LIMITED (REGISTERED NUMBER: 10753390)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100