41 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 74,425 74,425 xbrli:pure xbrli:shares iso4217:GBP SC061741 2023-09-01 2024-08-31 SC061741 2024-08-31 SC061741 2023-08-31 SC061741 2022-09-01 2023-08-31 SC061741 2023-08-31 SC061741 2022-08-31 SC061741 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC061741 core:FurnitureFittings 2023-09-01 2024-08-31 SC061741 core:MotorVehicles 2023-09-01 2024-08-31 SC061741 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 SC061741 bus:Director3 2023-09-01 2024-08-31 SC061741 core:NetGoodwill 2024-08-31 SC061741 core:LandBuildings 2023-08-31 SC061741 core:FurnitureFittings 2023-08-31 SC061741 core:MotorVehicles 2023-08-31 SC061741 core:LandBuildings 2024-08-31 SC061741 core:FurnitureFittings 2024-08-31 SC061741 core:MotorVehicles 2024-08-31 SC061741 core:LandBuildings 2023-09-01 2024-08-31 SC061741 core:WithinOneYear 2024-08-31 SC061741 core:WithinOneYear 2023-08-31 SC061741 core:UKTax 2023-09-01 2024-08-31 SC061741 core:UKTax 2022-09-01 2023-08-31 SC061741 core:ShareCapital 2024-08-31 SC061741 core:ShareCapital 2023-08-31 SC061741 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC061741 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC061741 core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 SC061741 core:AcceleratedTaxDepreciationDeferredTax 2023-08-31 SC061741 core:LandBuildings 2023-08-31 SC061741 core:FurnitureFittings 2023-08-31 SC061741 bus:SmallEntities 2023-09-01 2024-08-31 SC061741 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC061741 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC061741 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC061741 bus:FullAccounts 2023-09-01 2024-08-31 SC061741 bus:OrdinaryShareClass1 2024-08-31 SC061741 bus:OrdinaryShareClass1 2023-08-31
COMPANY REGISTRATION NUMBER: SC061741
Redwood Birkhill Limited
Filleted Unaudited Financial Statements
31 August 2024
Redwood Birkhill Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
7
1,085,900
1,027,502
Current assets
Stocks
8
156,500
219,097
Debtors
9
183,828
79,667
Cash at bank and in hand
425,154
416,138
---------
---------
765,482
714,902
Creditors: amounts falling due within one year
10
325,838
364,030
---------
---------
Net current assets
439,644
350,872
------------
------------
Total assets less current liabilities
1,525,544
1,378,374
Provisions for liabilities
Deferred tax
31,205
32,368
------------
------------
Net assets
1,494,339
1,346,006
------------
------------
Redwood Birkhill Limited
Statement of Financial Position (continued)
31 August 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
12
20,000
20,000
Profit and loss account
1,474,339
1,326,006
------------
------------
Shareholders funds
1,494,339
1,346,006
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
Mr C A Whiting
Director
Company registration number: SC061741
Redwood Birkhill Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 50 Lothian Road, Festival Square, Edinburgh, EH3 9WJ, Scotland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The directors have assessed that the company has adequate resources to meet the ongoing costs of the business for the foreseeable future. For this reason, the company continues to adopt the going concern basis in preparing these financial statements.
Consolidation
The company is a wholly owned subsidiary undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements present information about the company as an individual undertaking.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover represents amounts charged to customers net of returns and allowances (excluding VAT) for sales of food and beverage items and the use of the facilities during the year. Turnover is recognised at the point of sale.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% reducing balance
Fixture and fittings
-
33% straight line
Motor vehicles
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stock, including work in progress, is valued at the lower of cost and net realisable value.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 41 (2023: 40 ).
5. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
75,604
92,140
Deferred tax:
Origination and reversal of timing differences
( 1,163)
( 2,768)
--------
--------
Tax on profit
74,441
89,372
--------
--------
6. Intangible assets
Goodwill
£
Cost
At 1 September 2023 and 31 August 2024
74,425
--------
Amortisation
At 1 September 2023 and 31 August 2024
74,425
--------
Carrying amount
At 31 August 2024
--------
At 31 August 2023
--------
7. Tangible assets
Land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 September 2023
1,575,599
320,055
10,000
1,905,654
Additions
83,171
9,535
92,706
------------
---------
--------
------------
At 31 August 2024
1,658,770
329,590
10,000
1,998,360
------------
---------
--------
------------
Depreciation
At 1 September 2023
556,395
311,757
10,000
878,152
Charge for the year
22,048
12,260
34,308
------------
---------
--------
------------
At 31 August 2024
578,443
324,017
10,000
912,460
------------
---------
--------
------------
Carrying amount
At 31 August 2024
1,080,327
5,573
1,085,900
------------
---------
--------
------------
At 31 August 2023
1,019,204
8,298
1,027,502
------------
---------
--------
------------
8. Stocks
2024
2023
£
£
Food and bar stock
21,500
20,717
Work in progress
135,000
198,380
---------
---------
156,500
219,097
---------
---------
9. Debtors
2024
2023
£
£
Trade debtors
5,207
6,642
Other debtors
178,621
73,025
---------
--------
183,828
79,667
---------
--------
Included within other debtors is £101,240 which is due after > 1 year. This loan is secured over certain assets of the borrower.
10. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
59,680
67,687
Corporation tax
75,604
92,140
Social security and other taxes
79,477
97,567
Other creditors
111,077
106,636
---------
---------
325,838
364,030
---------
---------
11. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions for liabilities
31,205
32,368
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
31,205
32,368
--------
--------
12. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
20,000
20,000
20,000
20,000
--------
--------
--------
--------
13. Controlling party
The company was under the control of its director, Mr C A Whiting , throughout the current and previous year. Mr C A Whiting is the majority shareholder and beneficial owner of the company's parent, Redwood Birkhill Holdings Limited.