Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31Buying and selling of own real estate & Other letting and operating of own or leased real estate2022-09-01true3false3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13567842 2022-09-01 2023-08-31 13567842 2021-08-16 2022-08-31 13567842 2023-08-31 13567842 2022-08-31 13567842 c:Director3 2022-09-01 2023-08-31 13567842 d:FreeholdInvestmentProperty 2023-08-31 13567842 d:FreeholdInvestmentProperty 2022-08-31 13567842 d:CurrentFinancialInstruments 2023-08-31 13567842 d:CurrentFinancialInstruments 2022-08-31 13567842 d:Non-currentFinancialInstruments 2023-08-31 13567842 d:Non-currentFinancialInstruments 2022-08-31 13567842 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13567842 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 13567842 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 13567842 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 13567842 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 13567842 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-08-31 13567842 d:ShareCapital 2023-08-31 13567842 d:ShareCapital 2022-08-31 13567842 d:RetainedEarningsAccumulatedLosses 2023-08-31 13567842 d:RetainedEarningsAccumulatedLosses 2022-08-31 13567842 c:OrdinaryShareClass1 2022-09-01 2023-08-31 13567842 c:OrdinaryShareClass1 2023-08-31 13567842 c:OrdinaryShareClass1 2022-08-31 13567842 c:FRS102 2022-09-01 2023-08-31 13567842 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 13567842 c:FullAccounts 2022-09-01 2023-08-31 13567842 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 13567842 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13567842









REDTREE (LAMBTON COURT) 2021 LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

 
REDTREE (LAMBTON COURT) 2021 LTD
REGISTERED NUMBER: 13567842

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,025,667
1,025,667

Current assets
  

Debtors: amounts falling due within one year
 5 
12,852
16,668

Cash at bank and in hand
 6 
15,727
7,402

  
28,579
24,070

Creditors: amounts falling due within one year
 7 
(284,625)
(277,644)

Net current liabilities
  
(256,046)
(253,574)

Total assets less current liabilities
  
769,621
772,093

Creditors: amounts falling due after more than one year
 8 
(775,600)
(775,600)

  

Net liabilities
  
(5,979)
(3,507)


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
(5,980)
(3,508)

  
(5,979)
(3,507)


Page 1

 
REDTREE (LAMBTON COURT) 2021 LTD
REGISTERED NUMBER: 13567842
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 November 2024.




P E Summers
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
REDTREE (LAMBTON COURT) 2021 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Redtree (Lambton Court) 2021 Limited is a private Company, limited by shares, registered in England and Wales, with registration number 13567842. The address of the registered office, and principal place of business, is 62 Salisbury Road, Walmer, Deal, Kent, England, CT14 7QJ. 
The principle activity of the company is buying and selling of own real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. The company is financed by companies that have a participating interest. At the time of approval of these financial statements the directors are of the opinion that the company will continue in operation for the foreseeable future.

 
2.3

Revenue

The Company's primary source of revenue is rental income from investment properties let to third parties. Revenue is recognised in the accounting period in which the services are rendered.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

Page 3

 
REDTREE (LAMBTON COURT) 2021 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors or external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Investment property


Leasehold investment property

£



Cost or valuation


At 1 September 2022
1,025,667



At 31 August 2023
1,025,667

In the opinion of the directors the market value of the properties is not materially different to cost.




Page 4

 
REDTREE (LAMBTON COURT) 2021 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Debtors

2023
2022
£
£


Prepayments and accrued income
12,852
16,668



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
15,727
7,402



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
281,875
263,644

Accruals and deferred income
2,750
14,000

284,625
277,644



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
775,600
775,600


Bank loans amounting to £775,600 (2022 - £775,600) are secured against the investment properties held by the company.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
775,600
775,600


Page 5

 
REDTREE (LAMBTON COURT) 2021 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



11.


Related party transactions

Included within other creditors is an amount of £14,400 (2022 - £9,400) due to the directors of the company.
Included within other creditors is an amount of £245,125 
(2022 - £249,917) due to its parent company.
Included within other creditors is an amount of £17,059 
(2022 - £Nil) due to companies under common control.

 
Page 6