Registered number
11090245
REDIRESI IRISHLANDS LIMITED
Filleted Accounts
31 October 2023
REDIRESI IRISHLANDS LIMITED
Registered number: 11090245
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 45 45
Current assets
Debtors 4 809,278 725,057
Cash at bank and in hand 10 10
809,288 725,067
Creditors: amounts falling due within one year 5 (989,380) (905,159)
Net current liabilities (180,092) (180,092)
Net liabilities (180,047) (180,047)
Capital and reserves
Called up share capital 1 1
Profit and loss account (180,048) (180,048)
Shareholders' funds (180,047) (180,047)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S R Kholia
Director
Approved by the board on 5 June 2025
REDIRESI IRISHLANDS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 November 2022 45
At 31 October 2023 45
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 809,278 725,057
Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
5 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 985,744 901,523
Taxation and social security costs 3,636 3,636
989,380 905,159
Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
6 Related party transactions
At the balance sheet date, the amounts owed by the company to Rediresi Limited amounted to £985,744 (2022: £901,523).
At the balance sheet date, the amounts owed to the company by Rediresi Icorp Limited amounted to £809,278 (2022: £725,057). This amount has been obtained from the published audited accounts of Rediresi Icorp Limited denominated in Euros. The currency exchange rate used for the purpose of these accounts is €1=£0.8706 as at 31 October 2023.
Both these companies are related by virtue of common shareholders.
Note that in the opinion of the director, the company is entitled to 51% of the shares in Rediresi Icorp Limited. This entitlement is disputed by Rediresi Icorp Limited and is not recorded in the shareholder register of Rediresi Icorp Limited. The company is taking active steps to rectify the register of Rediresi Icorp Limited to reflect its true ownership rights.
7 Controlling party
In the opinion of the directors, the ultimate controlling party is Rediresi Limited (in liquidation), a company incorporated in England and Wales.
8 Other information
REDIRESI IRISHLANDS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
C/o Evelyn Partners LLP
45 Gresham Street
London
EC2V 7BG
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