Letterbox Redd Ltd 12517717 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the management of house and holiday raffles and investment in UK property. Digita Accounts Production Advanced 6.30.9574.0 true true 12517717 2023-04-01 2024-03-31 12517717 2024-03-31 12517717 2 2024-03-31 12517717 core:RetainedEarningsAccumulatedLosses 2024-03-31 12517717 core:ShareCapital 2024-03-31 12517717 core:CurrentFinancialInstruments 2024-03-31 12517717 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12517717 bus:SmallEntities 2023-04-01 2024-03-31 12517717 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12517717 bus:FilletedAccounts 2023-04-01 2024-03-31 12517717 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12517717 bus:RegisteredOffice 2023-04-01 2024-03-31 12517717 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 12517717 bus:Director2 2023-04-01 2024-03-31 12517717 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12517717 countries:EnglandWales 2023-04-01 2024-03-31 12517717 2022-04-01 2023-03-31 12517717 2023-03-31 12517717 2 2023-03-31 12517717 core:RetainedEarningsAccumulatedLosses 2023-03-31 12517717 core:ShareCapital 2023-03-31 12517717 core:CurrentFinancialInstruments 2023-03-31 12517717 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 12517717

Letterbox Redd Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Letterbox Redd Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Letterbox Redd Ltd

Company Information

Directors

A Earl

J Nurse

Company secretary

A Earl

Registered office

3a Excelsior Road
Poole
Dorset
BH14 8TT

Accountants

Burton Sweet
Chartered accountants & business advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Letterbox Redd Ltd

(Registration number: 12517717)
Balance Sheet
31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

65,906

-

Current assets

 

Debtors

5

12,871

-

Cash at bank and in hand

 

432,160

591,605

 

445,031

591,605

Creditors: Amounts falling due within one year

6

(52,544)

(31,499)

Net current assets

 

392,487

560,106

Net assets

 

458,393

560,106

Capital and reserves

 

Called up share capital

100

100

Retained earnings

458,293

560,006

Shareholders' funds

 

458,393

560,106

 

Letterbox Redd Ltd

(Registration number: 12517717)
Balance Sheet
31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2024 and signed on its behalf by:
 

.........................................
A Earl
Company secretary and director

.........................................
J Nurse
Director

 

Letterbox Redd Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3a Excelsior Road
Poole
Dorset
BH14 8TT

These financial statements were authorised for issue by the Board on 27 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Letterbox Redd Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

Additions

65,906

At 31 March

65,906

There has been no valuation of investment property by an independent valuer.

 

Letterbox Redd Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

5

Debtors

Note

2024
£

2023
£

Corporation Tax

12,871

-

 

12,871

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

18,765

Accruals and deferred income

1,000

1,000

Other creditors

51,544

11,734

52,544

31,499