Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30false22023-12-012truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11670625 2023-12-01 2024-11-30 11670625 2022-12-01 2023-11-30 11670625 2024-11-30 11670625 2023-11-30 11670625 c:Director1 2023-12-01 2024-11-30 11670625 c:Director2 2023-12-01 2024-11-30 11670625 d:CurrentFinancialInstruments 2024-11-30 11670625 d:CurrentFinancialInstruments 2023-11-30 11670625 d:Non-currentFinancialInstruments 2024-11-30 11670625 d:Non-currentFinancialInstruments 2023-11-30 11670625 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 11670625 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11670625 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 11670625 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11670625 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-11-30 11670625 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 11670625 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-11-30 11670625 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 11670625 d:ShareCapital 2024-11-30 11670625 d:ShareCapital 2023-11-30 11670625 d:RetainedEarningsAccumulatedLosses 2024-11-30 11670625 d:RetainedEarningsAccumulatedLosses 2023-11-30 11670625 c:OrdinaryShareClass1 2023-12-01 2024-11-30 11670625 c:OrdinaryShareClass1 2024-11-30 11670625 c:OrdinaryShareClass1 2023-11-30 11670625 c:FRS102 2023-12-01 2024-11-30 11670625 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11670625 c:FullAccounts 2023-12-01 2024-11-30 11670625 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11670625 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 11670625









REDSTATE LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
REDSTATE LIMITED
REGISTERED NUMBER: 11670625

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
759,208
46,804

Cash at bank and in hand
  
21,033
56

  
780,241
46,860

Creditors: amounts falling due within one year
 3 
(43,454)
(47,628)

Net current assets/(liabilities)
  
 
 
736,787
 
 
(768)

Total assets less current liabilities
  
736,787
(768)

Creditors: amounts falling due after more than one year
 4 
(797,687)
(43,116)

  

Net liabilities
  
(60,900)
(43,884)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(61,000)
(43,984)

  
(60,900)
(43,884)


Page 1

 
REDSTATE LIMITED
REGISTERED NUMBER: 11670625

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

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 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 29 August 2025.




................................................
G C Redwood
................................................
A W Redwood
Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
REDSTATE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Redstate Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 11670625. The address of the registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, NR7 0HR.
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

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

In forming their decision on going concern the directors have considered a period of no less than 12 months from the date of accounts approval and have concluded that the company will continue trading for the foreseeable future. 
On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The company relies on support from its bankers and informal directors' loan facilities.

 
2.3

Finance costs

Finance costs are charged to profit or loss 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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
REDSTATE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.5

Taxation

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.


 
2.6

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 on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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.

Page 4

 
REDSTATE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

3.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,397
7,500

Other creditors
32,957
38,747

Accruals and deferred income
2,100
1,381

43,454
47,628



4.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
38,873
43,116

Other loans
758,814
-

797,687
43,116


The amount of creditors for which security has been given by the Company has amounted to £758,814 (2023 - £Nil).


5.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,397
7,500


Amounts falling due 2-5 years

Bank loans
25,190
40,833

Other loans
758,814
-

Amounts falling due after more than 5 years

Bank loans
13,682
2,283

806,083
50,616


Page 5

 
REDSTATE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



7.


Related party transactions

As at 1 December 2023, Redstate Limited owed £38,747 to G & A Redwood. Repayments of £23,450 were made, and loan advances made of £17,660, leaving a balance of £32,957 owed to G & A Redwood from Redstate Limited as at 30 November 2024. The loan is interest free and repayable on demand.


Page 6