0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,559 4,559 725,000 725,000 725,000 xbrli:pure xbrli:shares iso4217:GBP 00817643 2023-04-01 2024-03-31 00817643 2024-03-31 00817643 2023-03-31 00817643 2022-04-01 2023-03-31 00817643 2023-03-31 00817643 2022-03-31 00817643 core:FurnitureFittings 2023-04-01 2024-03-31 00817643 bus:Director1 2023-04-01 2024-03-31 00817643 core:FurnitureFittings 2024-03-31 00817643 core:WithinOneYear 2024-03-31 00817643 core:WithinOneYear 2023-03-31 00817643 core:ShareCapital 2024-03-31 00817643 core:ShareCapital 2023-03-31 00817643 core:RetainedEarningsAccumulatedLosses 2024-03-31 00817643 core:RetainedEarningsAccumulatedLosses 2023-03-31 00817643 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 00817643 core:Non-currentFinancialInstruments 2024-03-31 00817643 core:Non-currentFinancialInstruments 2023-03-31 00817643 bus:SmallEntities 2023-04-01 2024-03-31 00817643 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00817643 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00817643 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00817643 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 00817643
H & D Redman Limited
Filleted Unaudited Financial Statements
31 March 2024
H & D Redman Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
5
725,000
725,000
Current assets
Debtors
7
60,748
44,777
Creditors: amounts falling due within one year
8
( 7,089)
( 5,540)
--------
--------
Net current assets
53,659
39,237
---------
---------
Total assets less current liabilities
778,659
764,237
Provisions
Taxation including deferred tax
( 111,654)
( 111,654)
---------
---------
Net assets
667,005
652,583
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
666,905
652,483
---------
---------
Shareholders funds
667,005
652,583
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
H & D Redman Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 27 January 2025 , and are signed on behalf of the board by:
Mr D J Redman
Director
Company registration number: 00817643
H & D Redman Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Woolsack Way, Godalming, Surrey, GU7 1XW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents the total amount receivable by the company in the ordinary course of business from the rental of property. Rental income is accrued on a time basis, by reference to the agreements entered.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
10% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 April 2023 and 31 March 2024
4,559
4,559
-------
-------
Depreciation
At 1 April 2023 and 31 March 2024
4,559
4,559
-------
-------
Carrying amount
At 31 March 2024
-------
-------
At 31 March 2023
-------
-------
5. Investments
Investment property
£
Cost or valuation
At 1 April 2023 and 31 March 2024
725,000
---------
Depreciation
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
725,000
---------
At 31 March 2023
725,000
---------
6. Investment property cont..
Cost or valuation at 31 March 2024 is represented by:
Investment property was valued on an open market basis on 31 March 2022 by the director.
The historical cost of the investment property included above at a revaluation of £725,000 was £46,409 (2023: £725,000).
7. Debtors
2024
2023
£
£
Trade debtors
1,197
Other debtors
59,551
44,777
--------
--------
60,748
44,777
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,284
Other creditors
5,805
5,540
-------
-------
7,089
5,540
-------
-------