Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11985984 2023-07-01 2024-06-30 11985984 2022-07-01 2023-06-30 11985984 2024-06-30 11985984 2023-06-30 11985984 c:Director1 2023-07-01 2024-06-30 11985984 c:Director2 2023-07-01 2024-06-30 11985984 c:RegisteredOffice 2023-07-01 2024-06-30 11985984 d:MotorVehicles 2023-07-01 2024-06-30 11985984 d:MotorVehicles 2024-06-30 11985984 d:MotorVehicles 2023-06-30 11985984 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11985984 d:CurrentFinancialInstruments 2024-06-30 11985984 d:CurrentFinancialInstruments 2023-06-30 11985984 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11985984 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11985984 d:ShareCapital 2024-06-30 11985984 d:ShareCapital 2023-06-30 11985984 d:RetainedEarningsAccumulatedLosses 2024-06-30 11985984 d:RetainedEarningsAccumulatedLosses 2023-06-30 11985984 c:FRS102 2023-07-01 2024-06-30 11985984 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11985984 c:FullAccounts 2023-07-01 2024-06-30 11985984 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11985984 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2023-07-01 2024-06-30 11985984 6 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 11985984







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


REDINET HOLDINGS LTD






































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REDINET HOLDINGS LTD
 


 
COMPANY INFORMATION


Directors
C D Bridle 
J K McMillan 




Registered number
11985984



Registered office
Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


REDINET HOLDINGS LTD
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


REDINET HOLDINGS LTD
REGISTERED NUMBER:11985984



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
87,892
16,153

Investments
 5 
1,714,870
1,714,870

  
1,802,762
1,731,023

Current assets
  

Cash at bank and in hand
  
20,139
167

  
20,139
167

Creditors: amounts falling due within one year
 6 
(716,293)
(805,625)

Net current liabilities
  
 
 
(696,154)
 
 
(805,458)

Total assets less current liabilities
  
1,106,608
925,565

Provisions for liabilities
  

Deferred tax
  
(19,661)
(3,833)

  
 
 
(19,661)
 
 
(3,833)

Net assets
  
1,086,947
921,732

Page 1

 


REDINET HOLDINGS LTD
REGISTERED NUMBER:11985984


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
42,495
42,495

Profit and loss account
  
1,044,452
879,237

  
1,086,947
921,732


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C D Bridle
Director

Date: 24 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


REDINET HOLDINGS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Redinet Holdings Limited is a private Company limited by shares and incorporated in England and Wales. The address of the registered office is given in the Company Information page of these financial statements. The address of the Company's principle place of business is 1 Stanley Road, Bromley, Kent, BR2 9JE.
The significant accounting policies applied in the preparation of these financial statements are set out below.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Exemption from preparing consolidated financial statements.

The company, and the Group and its heads, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue is derived from the provision of management services and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


REDINET HOLDINGS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 


REDINET HOLDINGS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.9

Financial instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

Page 5

 


REDINET HOLDINGS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 July 2023
38,767


Additions
100,424


Disposals
(38,767)



At 30 June 2024

100,424



Depreciation


At 1 July 2023
22,614


Charge for the year on owned assets
19,801


Disposals
(29,883)



At 30 June 2024

12,532



Net book value



At 30 June 2024
87,892



At 30 June 2023
16,153


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
1,714,870



At 30 June 2024
1,714,870




Page 6

 


REDINET HOLDINGS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
584,917
691,041

Corporation tax
78,765
42,599

Other taxation and social security
43,262
69,876

Other creditors
9,349
2,109

716,293
805,625


 
Page 7