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Registered number: 3277911
REDHILL AIR SERVICES LIMITED
Unaudited Financial Statements
For The Year Ended 30 November 2023
Proaccounts UK
Unit M302, 89 Bickersteth Road
Tooting
LONDON
SW17 9SH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 3277911
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 349,465 349,465
349,465 349,465
CURRENT ASSETS
Debtors 5 63,820 57,820
Cash at bank and in hand 4 4
63,824 57,824
Creditors: Amounts Falling Due Within One Year 6 (74,052 ) (69,715 )
NET CURRENT ASSETS (LIABILITIES) (10,228 ) (11,891 )
TOTAL ASSETS LESS CURRENT LIABILITIES 339,237 337,574
Creditors: Amounts Falling Due After More Than One Year 7 (141,577 ) (141,577 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,178 ) (11,178 )
NET ASSETS 186,482 184,819
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 186,480 184,817
SHAREHOLDERS' FUNDS 186,482 184,819
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A GOMES
Director
30/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
REDHILL AIR SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 3277911 . The registered office is 127 LEBANON ROAD, CROYDON, CR0 6UU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% straight line
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings Nil
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Sales, marketing and distribution 1 1
1 1
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 December 2022 15,199 6,915 14,038 403,486 439,638
As at 30 November 2023 15,199 6,915 14,038 403,486 439,638
Depreciation
As at 1 December 2022 15,200 6,915 14,038 54,020 90,173
As at 30 November 2023 15,200 6,915 14,038 54,020 90,173
Net Book Value
As at 30 November 2023 (1 ) - - 349,466 349,465
As at 1 December 2022 (1 ) - - 349,466 349,465
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 57,820 57,820
Other debtors (9) 6,000 -
63,820 57,820
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 65,379 65,379
Trade creditors (1 ) (1 )
Director's loan account 8,674 4,337
74,052 69,715
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 122,936 122,936
Directors loan account 18,641 18,641
141,577 141,577
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 65,379 65,379
Later than one year and not later than five years 122,936 122,936
188,315 188,315
188,315 188,315
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4