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REGISTERED NUMBER: 12912250 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2023 TO 31 AUGUST 2024

FOR

REDBOURN PARK GROUP LTD

REDBOURN PARK GROUP LTD (REGISTERED NUMBER: 12912250)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 October 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REDBOURN PARK GROUP LTD

COMPANY INFORMATION
for the Period 1 October 2023 to 31 August 2024







DIRECTORS: Mr G T Jakeman
Mr R G McCabe
Mr T M McDougall





REGISTERED OFFICE: Unit 12C
Finway Road
Brickfields Industrial Estate
Hemel Hempstead
Hertfordshire
HP2 7QA





REGISTERED NUMBER: 12912250 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

REDBOURN PARK GROUP LTD (REGISTERED NUMBER: 12912250)

BALANCE SHEET
31 August 2024

31.8.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,235 17,384

CURRENT ASSETS
Debtors 5 382,063 101,368
Cash at bank and in hand 17,580 95,460
399,643 196,828
CREDITORS
Amounts falling due within one year 6 501,275 213,690
NET CURRENT LIABILITIES (101,632 ) (16,862 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,397

)

522

CREDITORS
Amounts falling due after more than one
year

7

(4,623

)

-

PROVISIONS FOR LIABILITIES 8 (6,408 ) (418 )
NET (LIABILITIES)/ASSETS (49,428 ) 104

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (49,528 ) 4
SHAREHOLDERS' FUNDS (49,428 ) 104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

REDBOURN PARK GROUP LTD (REGISTERED NUMBER: 12912250)

BALANCE SHEET - continued
31 August 2024


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





Mr R G McCabe - Director


REDBOURN PARK GROUP LTD (REGISTERED NUMBER: 12912250)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 October 2023 to 31 August 2024

1. STATUTORY INFORMATION

Redbourn Park Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's director, the shareholders and the creditors. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

Changes in accounting policies
The current period's financial statements represent a 11 month period to 31 August 2024, the prior period represents a 12 month period to 30 September 2023.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and net of discounts derived from ordinary activities. Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

REDBOURN PARK GROUP LTD (REGISTERED NUMBER: 12912250)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2023 to 31 August 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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

REDBOURN PARK GROUP LTD (REGISTERED NUMBER: 12912250)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2023 to 31 August 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 23 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 - 1,797 17,350 10,343 29,490
Additions 3,051 22,144 17,998 17,682 60,875
At 31 August 2024 3,051 23,941 35,348 28,025 90,365
DEPRECIATION
At 1 October 2023 - 749 5,762 5,595 12,106
Charge for period 509 3,927 6,780 3,808 15,024
At 31 August 2024 509 4,676 12,542 9,403 27,130
NET BOOK VALUE
At 31 August 2024 2,542 19,265 22,806 18,622 63,235
At 30 September 2023 - 1,048 11,588 4,748 17,384

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 30.9.23
£    £   
Trade debtors 235,814 61,333
Other debtors 48,687 248
Directors' current accounts 87,165 33,287
Prepayments and accrued income 10,397 6,500
382,063 101,368

REDBOURN PARK GROUP LTD (REGISTERED NUMBER: 12912250)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2023 to 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 30.9.23
£    £   
Hire purchase contracts 5,471 -
Trade creditors 4,255 23,333
Taxation - 15,316
Social security and other taxes 11,311 8,571
Other creditors 6,609 8,363
Accruals and deferred income 473,629 158,107
501,275 213,690

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 30.9.23
£    £   
Hire purchase contracts 4,623 -

8. PROVISIONS FOR LIABILITIES
31.8.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 6,408 418

Deferred
tax
£   
Balance at 1 October 2023 418
Provided during period 5,990
Balance at 31 August 2024 6,408

9. CALLED UP SHARE CAPITAL

Allotted issued and fully paid:

Number: Class: Nominal Value: 30.09.2022 30.09.2021
59 Ordinary A £1 £59 £59
19 Ordinary B £1 £19 £19
20 Ordinary C £1 £20 £20
1 Ordinary D £1 £1 £1
1 Ordinary E £1 £1 £1

REDBOURN PARK GROUP LTD (REGISTERED NUMBER: 12912250)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2023 to 31 August 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 August 2024 and the year ended 30 September 2023:

31.8.24 30.9.23
£    £   
Mr R G McCabe
Balance outstanding at start of period 15,532 14,628
Amounts advanced 27,692 15,532
Amounts repaid - (14,628 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 43,224 15,532

Mr T M McDougall
Balance outstanding at start of period 13,353 7,023
Amounts advanced 17,692 13,353
Amounts repaid - (7,023 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 31,045 13,353

Mr G T Jakeman
Balance outstanding at start of period 4,402 1,366
Amounts advanced 8,495 4,402
Amounts repaid - (1,366 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 12,897 4,402