Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-314No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01truefalse4truefalse 10558399 2023-04-01 2024-03-31 10558399 2022-04-01 2023-03-31 10558399 2024-03-31 10558399 2023-03-31 10558399 c:Director4 2023-04-01 2024-03-31 10558399 d:CurrentFinancialInstruments 2024-03-31 10558399 d:CurrentFinancialInstruments 2023-03-31 10558399 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10558399 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10558399 d:ShareCapital 2024-03-31 10558399 d:ShareCapital 2023-03-31 10558399 d:RetainedEarningsAccumulatedLosses 2024-03-31 10558399 d:RetainedEarningsAccumulatedLosses 2023-03-31 10558399 c:FRS102 2023-04-01 2024-03-31 10558399 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10558399 c:FullAccounts 2023-04-01 2024-03-31 10558399 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10558399 2 2023-04-01 2024-03-31 10558399 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10558399









REDTREE (NORTH LONDON) LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
REDTREE (NORTH LONDON) LTD
REGISTERED NUMBER: 10558399

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Stocks
  
1,375,645
1,200,000

Debtors: amounts falling due within one year
 4 
317,740
25,109

Cash at bank and in hand
 5 
4,322
739,752

  
1,697,707
1,964,861

Creditors: amounts falling due within one year
 6 
(1,712,019)
(1,960,169)

Net current (liabilities)/assets
  
 
 
(14,312)
 
 
4,692

Total assets less current liabilities
  
(14,312)
4,692

  

Net (liabilities)/assets
  
(14,312)
4,692


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(14,412)
4,592

  
(14,312)
4,692


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 the 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 on 20 June 2025.

P Summers
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
REDTREE (NORTH LONDON) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Redtree (North London) Ltd ("the Company") is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 62 Salisbury Road, Walmer, Deal, Kent, CT14 7QJ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. The company will be financed by companies that have a participating interest. At the time of approval of these financial statements the directors are of the opinion that the company will continue in operation for the foreseeable future.

 
2.3

Revenue

Revenue 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
REDTREE (NORTH LONDON) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Taxation

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 balance sheet date in the countries where the Company operates and generates income.


 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase, and includes attributable overheads and costs of borrowing.  

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

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 and loans from related parties.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 3

 
REDTREE (NORTH LONDON) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Other debtors
315,740
15,109

Prepayments and accrued income
2,000
10,000

317,740
25,109



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,322
739,752



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
582,639
723,261

Corporation tax
448
165,548

Other creditors
1,118,650
740,054

Accruals and deferred income
10,282
331,306

1,712,019
1,960,169



7.


Related party transactions

Included within other creditors is an amount of £1,118,650 (2023 - £735,054) due to owners holding a participating interest in the company. 
Included within other debtors is an amount of £189,493 
(2023 - £5,000 due to) due from directors of the company.

 
Page 4