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Registered number: 09697005









RED OAK TAVERNS ACQUISITIONS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
RED OAK TAVERNS ACQUISITIONS LIMITED
REGISTERED NUMBER: 09697005

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Fixed assets
  

Tangible assets
 4 
189,937
192,132

Investment property
 5 
6,774,305
6,745,000

  
6,964,242
6,937,132

Current assets
  

Debtors: amounts falling due within one year
 6 
24,846
803

  
24,846
803

Creditors: amounts falling due within one year
 7 
(1,355,550)
(1,874,363)

Net current liabilities
  
 
 
(1,330,704)
 
 
(1,873,560)

Total assets less current liabilities
  
5,633,538
5,063,572

  

Provisions for liabilities
  

Deferred taxation
 8 
(454,789)
(454,789)

  
 
 
(454,789)
 
 
(454,789)

  

Net assets excluding pension asset
  
5,178,749
4,608,783

Net assets
  
5,178,749
4,608,783


Capital and reserves
  

Called up share capital 
 9 
721,470
721,470

Share premium account
  
198,000
198,000

Investment property reserve
  
1,763,968
1,763,968

Profit and loss account
  
2,495,311
1,925,345

  
5,178,749
4,608,783

Page 1

 
RED OAK TAVERNS ACQUISITIONS LIMITED
REGISTERED NUMBER: 09697005
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 profit and loss account 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 27 June 2025.



Mark Grunnell
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
RED OAK TAVERNS ACQUISITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Red Oak Taverns Acquisitions Limited is a company limited by shares incorporated in England and Wales. The company's registered office is Gamma 5a, 1-5 West Road, Ipswich, Suffolk, England, IP3 9FF. The company's main activity is that of a property investment company.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Turnover consists of rental income, income generated from machines within the pubs and beverage sales.

Page 3

 
RED OAK TAVERNS ACQUISITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
RED OAK TAVERNS ACQUISITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
RED OAK TAVERNS ACQUISITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2024
291,699


Additions
62,370


Disposals
(32,117)



At 31 December 2024

321,952



Depreciation


At 1 January 2024
99,567


Charge for the year on owned assets
32,448



At 31 December 2024

132,015



Net book value



At 31 December 2024
189,937



At 31 December 2023
192,132

Page 6

 
RED OAK TAVERNS ACQUISITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
6,745,000


Additions at cost
29,305



At 31 December 2024
6,774,305

The 2024 valuations were made by Fleurets, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 January 2024
1,763,968
1,359,913

Net surplus/(deficit) in movement properties
-
404,055

At 31 December 2024
1,763,968
1,763,968



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
4,552,101
4,522,796

4,552,101
4,522,796


6.


Debtors

2024
2023
£
£


Trade debtors
24,235
803

Prepayments and accrued income
611
-

24,846
803


Page 7

 
RED OAK TAVERNS ACQUISITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
41,225
1,115

Amounts owed to group undertakings
1,177,873
1,769,117

Other taxation and social security
22,165
21,992

Other creditors
96,430
70,139

Accruals and deferred income
17,857
12,000

1,355,550
1,874,363



8.


Deferred taxation




2024


£






At beginning of year
454,789



At end of year
454,789

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Tax on increase of property value
454,789
454,789

454,789
454,789

Page 8

 
RED OAK TAVERNS ACQUISITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



719,470 (2023 - 719,470) Ordinary shares of £1.00 each
719,470
719,470
200,000 (2023 - 200,000) Preference shares of £0.01 each
2,000
2,000

721,470

721,470



10.


Financial commitments

There were no financial commitments at 31 December 2024 (2023 - Nil). 


11.


Related party transactions

There were no related party transactions requiring disclosure during the year ended 31 December 2024 (2023 - Nil).


12.


Controlling party

The ultimate controlling party is Red Oak Taverns Group Topco Limited.


13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 27 June 2025 by Jake Lew (Senior Statutory Auditor) on behalf of BKL Audit LLP.

 
Page 9