Company No:
Contents
| Directors | Anthony Edward Redsell |
| Adam Paul Jarvis Watkins |
| Secretary | Antony Edward Rudgard-Redsell |
| Registered office | Parsonage Farm Office |
| Nine Ash Lane Boughton-Under-Blean | |
| Faversham | |
| ME13 9SR | |
| United Kingdom |
| Company number | 00370575 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| 37 St Margarets Street | |
| Canterbury | |
| Kent | |
| CT1 2TU |
| Bankers | Handelsbanken |
| Ground Floor | |
| S Andrew's House | |
| Station Road East | |
| Canterbury | |
| CT1 2BJ | |
| United Kingdom |
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 at www.icaew.com/regulation.
It is your duty to ensure that T G Redsell 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 loss of T G Redsell Limited. You consider that T G Redsell Limited is exempt from the statutory audit requirement for the financial period.
We have not been instructed to carry out an audit or a review of the financial statements of T G Redsell 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.
Chartered Accountants
Canterbury
Kent
CT1 2TU
| Note | 31.12.2024 | 30.09.2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 4 |
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| Investments |
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| 2,125,819 | 2,186,080 | |||
| Current assets | ||||
| Stocks |
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| Debtors | 5 |
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| Cash at bank and in hand | 6 |
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| 473,403 | 703,399 | |||
| Creditors: amounts falling due within one year | 7 | (
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| Net current assets | 315,170 | 282,326 | ||
| Total assets less current liabilities | 2,440,989 | 2,468,406 | ||
| Creditors: amounts falling due after more than one year | 8 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of T G Redsell Limited (registered number:
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Anthony Edward Redsell
Director |
Adam Paul Jarvis Watkins
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
T G Redsell Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Parsonage Farm Office, Nine Ash Lane Boughton-Under-Blean, Faversham, ME13 9SR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.
Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so 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.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
| Goodwill |
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| Land and buildings |
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| Plant and machinery | 15 -
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| Vehicles |
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| Office equipment |
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| Other property, plant and equipment |
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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.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
| Period from 01.10.2023 to 31.12.2024 |
Year ended 30.09.2023 |
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the period, including directors |
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| Goodwill | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 October 2023 |
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| At 31 December 2024 |
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| Accumulated amortisation | |||
| At 01 October 2023 |
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| At 31 December 2024 |
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| Net book value | |||
| At 31 December 2024 |
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| At 30 September 2023 |
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| Land and buildings | Plant and machinery | Vehicles | Office equipment | Other property, plant and equipment |
Total | ||||||
| £ | £ | £ | £ | £ | £ | ||||||
| Cost | |||||||||||
| At 01 October 2023 |
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| Additions |
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| Disposals |
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| At 31 December 2024 |
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| Accumulated depreciation | |||||||||||
| At 01 October 2023 |
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| Charge for the financial period |
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| Disposals |
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| At 31 December 2024 |
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| Net book value | |||||||||||
| At 31 December 2024 | 925,048 | 221,697 | 0 | 11 | 976,544 | 2,123,300 | |||||
| At 30 September 2023 | 953,510 | 172,814 | 0 | 16 | 1,057,221 | 2,183,561 |
| 31.12.2024 | 30.09.2023 | ||
| £ | £ | ||
| Trade debtors |
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| Amounts owed by connected companies |
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| Prepayments and accrued income |
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| Deferred tax asset |
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| VAT recoverable |
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| Other debtors |
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| 31.12.2024 | 30.09.2023 | ||
| £ | £ | ||
| Cash at bank and in hand |
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| Less: Bank overdrafts | (
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| (63,754) | (194,976) |
| 31.12.2024 | 30.09.2023 | ||
| £ | £ | ||
| Bank loans and overdrafts |
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| Trade creditors |
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| Amounts owed to connected companies |
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| Amounts owed to directors |
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| Accruals |
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| Obligations under finance leases and hire purchase contracts |
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| Other creditors |
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| 31.12.2024 | 30.09.2023 | ||
| £ | £ | ||
| Bank loans |
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| Obligations under finance leases and hire purchase contracts |
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Amounts repayable after more than 5 years are included in creditors falling due over one year:
| 31.12.2024 | 30.09.2023 | ||
| £ | £ | ||
| Bank loans |
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| 31.12.2024 | 30.09.2023 | ||
| £ | £ | ||
| At the beginning of financial period/year |
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| Credited/(charged) to the Profit and Loss Account |
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| At the end of financial period/year |
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The deferred taxation balance is made up as follows:
| 31.12.2024 | 30.09.2023 | ||
| £ | £ | ||
| Accelerated capital allowances | (
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| Tax losses carry forward |
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