RedWeb Investments Limited 09011157 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is property investment and estate agency in Spain Digita Accounts Production Advanced 6.30.9574.0 true 09011157 2023-05-01 2024-04-30 09011157 2024-04-30 09011157 core:CurrentFinancialInstruments 2024-04-30 09011157 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 09011157 core:FurnitureFittings 2024-04-30 09011157 bus:SmallEntities 2023-05-01 2024-04-30 09011157 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09011157 bus:FilletedAccounts 2023-05-01 2024-04-30 09011157 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09011157 bus:RegisteredOffice 2023-05-01 2024-04-30 09011157 bus:Director1 2023-05-01 2024-04-30 09011157 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09011157 core:FurnitureFittings 2023-05-01 2024-04-30 09011157 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 09011157 countries:EnglandWales 2023-05-01 2024-04-30 09011157 2023-04-30 09011157 core:FurnitureFittings 2023-04-30 09011157 2022-05-01 2023-04-30 09011157 2023-04-30 09011157 core:CurrentFinancialInstruments 2023-04-30 09011157 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 09011157 core:FurnitureFittings 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 09011157

RedWeb Investments Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 April 2024

 

RedWeb Investments Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

RedWeb Investments Limited

(Registration number: 09011157)
Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

18

Current assets

 

Debtors

5

3,234

17

Cash at bank and in hand

 

47,117

436,179

 

50,351

436,196

Creditors: Amounts falling due within one year

6

(6,150)

(365,887)

Net current assets

 

44,201

70,309

Net assets

 

44,201

70,327

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

44,199

70,325

Shareholders' funds

 

44,201

70,327

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 30 January 2025
 

.........................................
Mrs D Sharpe
Director

 

RedWeb Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, England.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is stated net of discounts and comprises of short-term holiday rental income, accounted for at the time of occupation.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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 income 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.

 

RedWeb Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. 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.

Trade debtors

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

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 

RedWeb Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 May 2023

206

206

Disposals

(206)

(206)

At 30 April 2024

-

-

Depreciation

At 1 May 2023

(188)

(188)

Eliminated on disposal

188

188

At 30 April 2024

-

-

Carrying amount

At 30 April 2024

-

-

At 30 April 2023

18

18

5

Debtors

2024
£

2023
£

Other debtors

3,234

17

3,234

17

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

-

3,234

Accruals and deferred income

2,925

2,717

Other creditors

3,225

359,936

6,150

365,887