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REGISTERED NUMBER: 09997811 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

RED LION (STRETHAM) LTD

RED LION (STRETHAM) LTD (REGISTERED NUMBER: 09997811)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

RED LION (STRETHAM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mrs. H Atwal
Mr. K S Atwal





REGISTERED OFFICE: The Red Lion
47 High Street
Stretham
Ely
Cambridgeshire
CB6 3JQ





REGISTERED NUMBER: 09997811 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

RED LION (STRETHAM) LTD (REGISTERED NUMBER: 09997811)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 665,084 665,173
665,085 665,174

CURRENT ASSETS
Stocks 7,985 8,975
Debtors 6 - 4,608
Cash at bank and in hand 31,681 40,827
39,666 54,410
CREDITORS
Amounts falling due within one year 7 444,627 426,791
NET CURRENT LIABILITIES (404,961 ) (372,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,124

292,793

CREDITORS
Amounts falling due after more than one
year

8

(178,230

)

(186,753

)

PROVISIONS FOR LIABILITIES (10,232 ) (4,184 )
NET ASSETS 71,662 101,856

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 71,659 101,853
SHAREHOLDERS' FUNDS 71,662 101,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

RED LION (STRETHAM) LTD (REGISTERED NUMBER: 09997811)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





Mr. K S Atwal - Director


RED LION (STRETHAM) LTD (REGISTERED NUMBER: 09997811)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Red Lion (Stretham) Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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 Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

RED LION (STRETHAM) LTD (REGISTERED NUMBER: 09997811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 1
NET BOOK VALUE
At 29 February 2024 1
At 28 February 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 600,727 9,971 153,974 - 764,672
Additions - - - 32,800 32,800
At 29 February 2024 600,727 9,971 153,974 32,800 797,472
DEPRECIATION
At 1 March 2023 - 5,005 94,494 - 99,499
Charge for year - 993 11,896 - 12,889
Eliminated on disposal - - - 20,000 20,000
At 29 February 2024 - 5,998 106,390 20,000 132,388
NET BOOK VALUE
At 29 February 2024 600,727 3,973 47,584 12,800 665,084
At 28 February 2023 600,727 4,966 59,480 - 665,173

RED LION (STRETHAM) LTD (REGISTERED NUMBER: 09997811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Prepayments - 4,608

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 207,884 315,165
Trade creditors 17,953 11,427
Tax 4,640 8,417
Social security and other taxes 1,382 1,081
Net wages control 1,196 -
Pension Control 132 -
VAT 4,485 5,959
Directors' current accounts 203,455 81,242
Accrued expenses 3,500 3,500
444,627 426,791

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other loans - 2-5 years 27,780 37,303
Amounts owed to associates 150,450 149,450
178,230 186,753

9. RELATED PARTY DISCLOSURES

In year transactions of £122,213 has been paid into the limited company by directors leading to a total amount of £203,454 still owed to Directors via Director's Loan Account as at 29th February 2024.

In year transactions of £1,000 has been paid from Inter-company's leading to £150,450 owed to Inter Company's as at 29th February 2024.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RED LION (STRETHAM) LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Red Lion (Stretham) Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Red Lion (Stretham) Ltd, as a body, in accordance with the terms of our engagement letter dated 11 July 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Red Lion (Stretham) Ltd and state those matters that we have agreed to state to the Board of Directors of Red Lion (Stretham) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Red Lion (Stretham) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Red Lion (Stretham) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Red Lion (Stretham) Ltd. You consider that Red Lion (Stretham) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Red Lion (Stretham) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR


Date: .............................................