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REGISTERED NUMBER: 04254813 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

REDHILL (HAVERFORDWEST) LIMITED

REDHILL (HAVERFORDWEST) LIMITED (REGISTERED NUMBER: 04254813)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


REDHILL (HAVERFORDWEST) LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mr P R Lovegrove
Mrs M J Lovegrove





SECRETARY: Mrs M J Lovegrove





REGISTERED OFFICE: Redhill Farmhouse
Redhill
Camrose
Haverfordwest
Pembrokeshire
SA62 6HU





REGISTERED NUMBER: 04254813 (England and Wales)





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

REDHILL (HAVERFORDWEST) LIMITED (REGISTERED NUMBER: 04254813)

STATEMENT OF FINANCIAL POSITION
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 987,388 990,181

CURRENT ASSETS
Stocks - 472
Debtors 5 90,430 77,618
Cash at bank 247,257 164,015
337,687 242,105
CREDITORS
Amounts falling due within one year 6 234,969 281,280
NET CURRENT ASSETS/(LIABILITIES) 102,718 (39,175 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,090,106

951,006

CREDITORS
Amounts falling due after more than one
year

7

(305,232

)

(327,529

)

PROVISIONS FOR LIABILITIES (17,696 ) (17,499 )
NET ASSETS 767,178 605,978

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 767,078 605,878
SHAREHOLDERS' FUNDS 767,178 605,978

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

REDHILL (HAVERFORDWEST) LIMITED (REGISTERED NUMBER: 04254813)

STATEMENT OF FINANCIAL POSITION - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





Mrs M J Lovegrove - Director


REDHILL (HAVERFORDWEST) LIMITED (REGISTERED NUMBER: 04254813)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Redhill (Haverfordwest) Limited 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.

2. ACCOUNTING POLICIES

Revenue review
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 directors have adopted the going concern basis of accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant & equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Assets are held at cost less accumulated depreciation.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

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.

Revenue recognition
The company's turnover represents the supply of education. The company recognises revenue as soon as an obligation arises to provide supplies, and an invoice raised and sent.

REDHILL (HAVERFORDWEST) LIMITED (REGISTERED NUMBER: 04254813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 31 ) .

4. PROPERTY, PLANT & EQUIPMENT
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2023 719,849 196,758 233,887
Additions - - -
Disposals - - -
At 31 July 2024 719,849 196,758 233,887
DEPRECIATION
At 1 August 2023 - - 189,709
Charge for year - - 5,029
Eliminated on disposal - - -
At 31 July 2024 - - 194,738
NET BOOK VALUE
At 31 July 2024 719,849 196,758 39,149
At 31 July 2023 719,849 196,758 44,178

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 38,085 18,534 32,064 1,239,177
Additions 7,542 - 1,836 9,378
Disposals - (6,150 ) - (6,150 )
At 31 July 2024 45,627 12,384 33,900 1,242,405
DEPRECIATION
At 1 August 2023 19,086 16,057 24,144 248,996
Charge for year 4,083 3,059 - 12,171
Eliminated on disposal - (6,150 ) - (6,150 )
At 31 July 2024 23,169 12,966 24,144 255,017
NET BOOK VALUE
At 31 July 2024 22,458 (582 ) 9,756 987,388
At 31 July 2023 18,999 2,477 7,920 990,181

REDHILL (HAVERFORDWEST) LIMITED (REGISTERED NUMBER: 04254813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 83,492 70,406
Other debtors 6,938 7,212
90,430 77,618

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,153 31,994
Trade creditors 9,245 7,576
Taxation and social security 64,496 21,774
Other creditors 134,075 219,936
234,969 281,280

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 305,232 327,529

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 332,385 359,523

The bank loan is secured as a fixed charge against freehold property included in property, plant and equipment to the value of £314,038..

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mrs M J Lovegrove and Mr P R Lovegrove
Balance outstanding at start of year (154,109 ) (187,853 )
Amounts advanced 100,727 33,744
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (53,382 ) (154,109 )

10. RELATED PARTY DISCLOSURES

During the year the directors charged the company rent of £14,255.00