REDE LTD

Company Registration Number:
11051218 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2022

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

REDE LTD

Contents of the Financial Statements

for the Period Ended 30 November 2022

Balance sheet
Notes

REDE LTD

Balance sheet

As at 30 November 2022


Notes

2022

2021


£

£
Called up share capital not paid: 100 100
Fixed assets
Intangible assets: 3 227,767 327,767
Tangible assets: 4 139 938
Investments: 5 10 10
Total fixed assets: 227,916 328,715
Current assets
Debtors:   122,721 25,869
Cash at bank and in hand: 29,338 81,383
Total current assets: 152,059 107,252
Creditors: amounts falling due within one year:   (152,135) (109,180)
Net current assets (liabilities): (76) (1,928)
Total assets less current liabilities: 227,940 326,887
Creditors: amounts falling due after more than one year:   (661,000) (561,599)
Total net assets (liabilities): (433,060) (234,712)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (433,160) (234,812)
Shareholders funds: (433,060) (234,712)

The notes form part of these financial statements

REDE LTD

Balance sheet statements

For the year ending 30 November 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 October 2024
and signed on behalf of the board by:

Name: Najib Nathoo
Status: Director

The notes form part of these financial statements

REDE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

REDE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

2. Employees

2022 2021
Average number of employees during the period 0 1

REDE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Intangible Assets

Total
Cost £
At 01 December 2021 327,767
Additions 0
Disposals 0
At 30 November 2022 327,767
Amortisation
At 01 December 2021 0
Charge for year 100,000
At 30 November 2022 100,000
Net book value
At 30 November 2022 227,767
At 30 November 2021 327,767

REDE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Tangible Assets

Total
Cost £
At 01 December 2021 2,852
At 30 November 2022 2,852
Depreciation
At 01 December 2021 1,914
Charge for year 799
At 30 November 2022 2,713
Net book value
At 30 November 2022 139
At 30 November 2021 938

REDE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

5. Fixed investments

Investment in Microsaas Limited

REDE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

6. Related party transactions

Name of the related party: Najib Nathoo
Relationship:
Shareholder and Director
Description of the Transaction: Expenses paid on behalf of the company
£
Balance at 01 December 2021 12,030
Balance at 30 November 2022 12,030
Name of the related party: Microsaas Limited
Relationship:
Investment
Description of the Transaction: Payment of development fees
£
Balance at 01 December 2021 28,860
Balance at 30 November 2022 113,244
Name of the related party: Lifestyle Rentals Limited
Relationship:
Shared ownership
Description of the Transaction: Payment of development work and recharge of people cost
£
Balance at 01 December 2021 241,012
Balance at 30 November 2022 117,600