Reddicap Investment Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00598738 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

REDDICAP INVESTMENT COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

Mr S M Smith

Mrs P H Smith

Miss J K Smith

REGISTERED OFFICE:

4 Clews Road

Redditch

Worcestershire

B98 7ST

REGISTERED NUMBER:

00598738 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

4

-

Investment property

5

675,000

CURRENT ASSETS

Debtors

6

21,407

23,850

Cash at bank

56,737

62,112

78,144

85,962

CREDITORS

Amounts falling due within one year

7

22,310

21,278

NET CURRENT ASSETS

55,834

64,684

TOTAL ASSETS LESS CURRENT
LIABILITIES

730,834

739,684

PROVISIONS FOR LIABILITIES

119,953

NET ASSETS

610,881

619,731

CAPITAL AND RESERVES

Called up share capital

8

501

Revaluation reserve

9

542,574

Retained earnings

67,806

76,656

SHAREHOLDERS' FUNDS

610,881

619,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st May 2025 and were signed on its behalf by:

Mrs P H Smith - Director

1.	STATUTORY INFORMATION

Reddicap Investment Company 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

Basis of preparing the financial statements

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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st April 2024

and 31st March 2025

5,705

DEPRECIATION

At 1st April 2024

and 31st March 2025

5,705

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

675,000

NET BOOK VALUE

At 31st March 2025

675,000

At 31st March 2024

675,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2019

547,527

Valuation in 2021

115,000

Cost

12,473

675,000

The investment properties were valued by a professional valuer at the 1st November 2021.

The directors think the value has not significantly changed since that date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

10,352

12,795

Amounts owed by group undertakings

11,055

21,407

23,850

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Tax

7,299

7,419

Accrued expenses

15,011

13,859

22,310

21,278

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

501

Ordinary shares

£1

501

9.

RESERVES

Revaluation

reserve

£

At 1st April 2024

and 31st March 2025

542,574

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Robart Construction Limited (Company Number 01493168 registered in England and Wales) by virtue of its 51% holding in the issued ordinary share capital.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reddicap Investment Company Limited for the year ended 31st March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Reddicap Investment Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reddicap Investment Company Limited and state those matters that we have agreed to state to the Board of Directors of Reddicap Investment Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reddicap Investment Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Reddicap Investment Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Reddicap Investment Company Limited. You consider that Reddicap Investment Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reddicap Investment Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

21st May 2025