Company registration number 10331787 (England and Wales)
REDCLIFFE (CB) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
REDCLIFFE (CB) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
REDCLIFFE (CB) LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
150,881
172,962
Tangible assets
4
258,297
277,877
409,178
450,839
Current assets
Stocks
4,450
500
Debtors
5
210,182
135,815
Cash at bank and in hand
2,143
16,086
216,775
152,401
Creditors: amounts falling due within one year
6
(206,268)
(159,099)
Net current assets/(liabilities)
10,507
(6,698)
Total assets less current liabilities
419,685
444,141
Creditors: amounts falling due after more than one year
7
(385,249)
(438,466)
Provisions for liabilities
(20,107)
(24,129)
Net assets/(liabilities)
14,329
(18,454)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
14,328
(18,455)
Total equity
14,329
(18,454)
REDCLIFFE (CB) LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 June 2025 and are signed on its behalf by:
Mr A J Brundan
Dr C E Brundan
Director
Director
Company registration number 10331787 (England and Wales)
REDCLIFFE (CB) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Redcliffe (CB) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company meets its day to day working capital requirements through continued financial support from itstrue creditors. On the basis of continued support, the board consider it appropriate to prepare the financial statements on the going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 15 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold buildings
Straight line over 50 years
Plant and equipment
Straight line over between 5 and 10 years
Fixtures and fittings
Straight line over 5 years
Computers
Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

REDCLIFFE (CB) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Equity instruments

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
7
REDCLIFFE (CB) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
331,209
Amortisation and impairment
At 1 April 2024
158,247
Amortisation charged for the year
22,081
At 31 March 2025
180,328
Carrying amount
At 31 March 2025
150,881
At 31 March 2024
172,962
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
194,984
215,271
410,255
Additions
-
0
10,765
10,765
At 31 March 2025
194,984
226,036
421,020
Depreciation and impairment
At 1 April 2024
18,638
113,740
132,378
Depreciation charged in the year
2,593
27,752
30,345
At 31 March 2025
21,231
141,492
162,723
Carrying amount
At 31 March 2025
173,753
84,544
258,297
At 31 March 2024
176,346
101,531
277,877
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
7,670
4,275
Other debtors
202,512
131,540
210,182
135,815
REDCLIFFE (CB) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
42,597
30,165
Trade creditors
8,676
11,606
Taxation and social security
123,893
87,462
Other creditors
31,102
29,866
206,268
159,099

Loans to the value of £16,837 (2024: £14,165) are secured by fixed charges over the property owned by the company.

 

Included within other creditors is a hire purchase liability of £21,983 (2024: £24,008). Net obligations under hire purchase contracts are secured by fixed charges on the assets concerned.

7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
351,862
386,162
Obligations under finance leases
33,387
52,304
385,249
438,466
Creditors which fall due after five years are payable as follows:
Payable by instalments
283,181
312,169

Loans to the value of £350,529 (2024: £368,829) are secured by fixed charges over the property owned by the company.

 

Included within other creditors is a hire purchase liability of £33,387 (2024: £52,304). Net obligations under hire purchase contracts are secured by fixed charges on the assets concerned.

8
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Two directors
2.25
61,138
127,099
2,622
(63,824)
127,035
61,138
127,099
2,622
(63,824)
127,035

The amounts advanced are unsecured and repayable on demand.

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