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REGISTERED NUMBER: 03124752 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Redfields Limited

Redfields Limited (Registered number: 03124752)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Redfields Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: P Henson





REGISTERED OFFICE: 5 Granville Close
Havant
Hampshire
PO9 2TR





REGISTERED NUMBER: 03124752 (England and Wales)





ACCOUNTANTS: Henderson-Smith Associates Limited
5 Granville Close
Havant
Hampshire
PO9 2TR

Redfields Limited (Registered number: 03124752)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 76,240 77,145
76,240 77,145

CURRENT ASSETS
Debtors 6 21,133 18,733
Cash at bank 3,696 1,260
24,829 19,993
CREDITORS
Amounts falling due within one year 7 34,156 37,294
NET CURRENT LIABILITIES (9,327 ) (17,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,913

59,844

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 9 66,909 59,840
SHAREHOLDERS' FUNDS 66,913 59,844

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 May 2025 and were signed by:




P Henson - Director


Redfields Limited (Registered number: 03124752)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Redfields 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Plant & equipment - 25% on reducing balance
Office equipment - 25% on reducing balance
Moulds - 25% on reducing balance

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 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 2 (2023 - 2 ) .

Redfields Limited (Registered number: 03124752)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 20,000
AMORTISATION
At 1 November 2023
and 31 October 2024 20,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Short Plant & Office
leasehold equipment equipment Moulds Totals
£    £    £    £    £   
COST
At 1 November 2023
and 31 October 2024 95,666 4,536 1,832 20,000 122,034
DEPRECIATION
At 1 November 2023 18,596 4,528 1,828 19,937 44,889
Charge for year 886 2 1 16 905
At 31 October 2024 19,482 4,530 1,829 19,953 45,794
NET BOOK VALUE
At 31 October 2024 76,184 6 3 47 76,240
At 31 October 2023 77,070 8 4 63 77,145

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 21,133 18,733

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 80 80
Taxation and social security 1,974 2,017
Other creditors 32,102 35,197
34,156 37,294

Redfields Limited (Registered number: 03124752)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary A Voting £1 2 2
1 Ordinary B Non Voting £1 1 1
1 Ordinary C Non Voting £1 1 1
4 4

9. RESERVES
Retained
earnings
£   

At 1 November 2023 59,840
Profit for the year 7,569
Dividends (500 )
At 31 October 2024 66,909

10. RELATED PARTY DISCLOSURES

During the year the company received rent of £14,400 (2023- £14,400) from a related party, DLM Properties Limited. The issued voting shares in both companies are held by the director, P Henson..

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Henson.

Redfields Limited

Report of the Accountants to the Director of
Redfields Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Henderson-Smith Associates Limited
5 Granville Close
Havant
Hampshire
PO9 2TR


15 May 2025