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Registered Number: 11848603
England & Northern Ireland

 

 

 

WHITE & RED GROUP LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 285    2,985 
Tangible fixed assets 4 73,117    72,305 
73,402    75,290 
Current assets      
Cash at bank and in hand 9,109    3,129 
Creditors: amount falling due within one year (299)   (299)
Net current assets 8,810    2,830 
 
Total assets less current liabilities 82,212    78,120 
Creditors: amount falling due after more than one year (105,466)   (102,894)
Net assets (23,254)   (24,774)
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account (23,354)   (24,874)
Shareholders' funds (23,254)   (24,774)
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 23 November 2024 and were signed by:


-------------------------------
Prasanna Venkadesh Sakthisekaran
Director
1
General Information
White & Red Group Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 11848603, registration address 21 Heath Drive, Gidea Park, Romford, Essex, RM2 5QH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Know How are being amortised evenly over their estimated useful life of five years
Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 33.33% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Intangible fixed assets

Cost Other   Software License   Total
  £   £   £
At 01 March 2023 8,497    3,000    11,497 
Additions    
Disposals    
At 29 February 2024 8,497    3,000    11,497 
Amortisation
At 01 March 2023 6,797    1,715    8,512 
Charge for year 1,700    1,000    2,700 
On disposals    
At 29 February 2024 8,497    2,715    11,212 
Net book values
At 29 February 2024   285    285 
At 28 February 2023 1,700    1,285    2,985 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Investment properties   Total
  £   £   £
At 01 March 2023 5,396    72,239    77,635 
Additions 930      930 
Disposals    
At 29 February 2024 6,326    72,239    78,565 
Depreciation
At 01 March 2023 5,330      5,330 
Charge for year 118      118 
On disposals    
At 29 February 2024 5,448      5,448 
Net book values
Closing balance as at 29 February 2024 878    72,239    73,117 
Opening balance as at 01 March 2023 66    72,239    72,305 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2