REDITUM SPV 47 LTD

Company Registration Number:
11467388 (England and Wales)

Unaudited abridged accounts for the year ended 30 December 2023

Period of accounts

Start date: 01 January 2023

End date: 30 December 2023

REDITUM SPV 47 LTD

Contents of the Financial Statements

for the Period Ended 30 December 2023

Balance sheet
Notes

REDITUM SPV 47 LTD

Balance sheet

As at 30 December 2023


Notes

2023

2022


£

£
Current assets
Debtors:   2,709,827 2,534,226
Cash at bank and in hand: 47 78
Total current assets: 2,709,874 2,534,304
Creditors: amounts falling due within one year:   (2,976) (10,600)
Net current assets (liabilities): 2,706,898 2,523,704
Total assets less current liabilities: 2,706,898 2,523,704
Creditors: amounts falling due after more than one year:   (2,924,011) (2,758,654)
Total net assets (liabilities): (217,113) (234,950)
Capital and reserves
Called up share capital: 100 100
Other reserves: (235,050) (235,050)
Profit and loss account: 17,837
Shareholders funds: (217,113) (234,950)

The notes form part of these financial statements

REDITUM SPV 47 LTD

Balance sheet statements

For the year ending 30 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 March 2025
and signed on behalf of the board by:

Name: Lauren Stephen
Status: Director

The notes form part of these financial statements

REDITUM SPV 47 LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

Accounting convention These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Equity instruments Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

REDITUM SPV 47 LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

REDITUM SPV 47 LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

3. Related party transactions

Name of the related party: Reditum Capital Ltd
Relationship:
Related Company
Description of the Transaction: The balance due from Reditum Capital Ltd, a company incorporated in England & Wales, at the balance sheet date was £2,709,827 (2022: £2,534,226). Mr M Stephen is also the director of Reditum Capital Ltd.
£
Balance at 01 January 2023 2,534,226
Balance at 30 December 2023 2,709,827
Name of the related party: Reditum Lending SPV Holding Ltd
Relationship:
Related Company
Description of the Transaction: The balance due to Reditum Lending SPV Holding Ltd, a company incorporated in England & Wales, at the balance sheet date was £5,300 (2022: £5,300). Reditum Lending SPV Holdings Ltd is the parent entity of Reditum SPV 47 and the entities also have director in common, Mr M Stephen.
£
Balance at 01 January 2023 5,300
Balance at 30 December 2023 5,300