Registered number
09948181
Redwood House Ltd
Unaudited Filleted Accounts
31 January 2024
API Partnership Limited t/a Chandler & Georges
Chartered Accountants
75 Westow Hill
Crystal Palace
London
SE19 1TX
Ph: 0208 761 2213
www.cgca.co.uk
Redwood House Ltd
Registered number: 09948181
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Stocks 20,000 9,000
Debtors 3 32,201 47,960
Cash at bank and in hand 9,297 309
61,498 57,269
Creditors: amounts falling due within one year 4 (63,591) (45,253)
Net current (liabilities)/assets (2,093) 12,016
Total assets less current liabilities (2,093) 12,016
Creditors: amounts falling due after more than one year 5 (15,722) (25,641)
Net liabilities (17,815) (13,625)
Capital and reserves
Called up share capital 71 71
Profit and loss account (17,886) (13,696)
Shareholder's funds (17,815) (13,625)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stella Idowu-Ossei
Director
Approved by the board on 31 October 2024
Redwood House Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors - 32,995
Other debtors 32,201 14,965
32,201 47,960
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 5,913 4,926
Taxation and social security costs 414 2
Other creditors 47,264 30,325
63,591 45,253
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,722 25,641
6 Controlling party
The company is controlled by Stella Idowu-Ossei who owns 100% shares of the company.
7 Other information
Redwood House Ltd is a private company limited by shares and incorporated in England. Its registered office is:
75 Westow Hill
Crystal Palace
London
SE19 1TX
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