Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31truetrueHotels2023-08-01false3736truetruefalse 03865043 2023-08-01 2024-07-31 03865043 2022-08-01 2023-07-31 03865043 2024-07-31 03865043 2023-07-31 03865043 2022-08-01 03865043 c:PriorPeriodIncreaseDecrease 2022-08-01 2023-07-31 03865043 5 2023-08-01 2024-07-31 03865043 5 2022-08-01 2023-07-31 03865043 1 2023-08-01 2024-07-31 03865043 e:Director8 2023-08-01 2024-07-31 03865043 c:Buildings 2023-08-01 2024-07-31 03865043 c:Buildings 2024-07-31 03865043 c:Buildings 2023-07-31 03865043 c:Buildings c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03865043 c:LandBuildings 2024-07-31 03865043 c:LandBuildings 2023-07-31 03865043 c:MotorVehicles 2023-08-01 2024-07-31 03865043 c:MotorVehicles 2024-07-31 03865043 c:MotorVehicles 2023-07-31 03865043 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03865043 c:FurnitureFittings 2023-08-01 2024-07-31 03865043 c:FurnitureFittings 2024-07-31 03865043 c:FurnitureFittings 2023-07-31 03865043 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03865043 c:ComputerEquipment 2023-08-01 2024-07-31 03865043 c:ComputerEquipment 2024-07-31 03865043 c:ComputerEquipment 2023-07-31 03865043 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03865043 c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03865043 c:CurrentFinancialInstruments 2024-07-31 03865043 c:CurrentFinancialInstruments 2023-07-31 03865043 c:CurrentFinancialInstruments c:WithinOneYear 2024-07-31 03865043 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 03865043 c:ShareCapital 2023-08-01 2024-07-31 03865043 c:ShareCapital 2024-07-31 03865043 c:ShareCapital 2022-08-01 2023-07-31 03865043 c:ShareCapital 2023-07-31 03865043 c:ShareCapital 2022-08-01 03865043 c:RevaluationReserve 2023-08-01 2024-07-31 03865043 c:RevaluationReserve 2024-07-31 03865043 c:RevaluationReserve 5 2023-08-01 2024-07-31 03865043 c:RevaluationReserve 2022-08-01 2023-07-31 03865043 c:RevaluationReserve 2023-07-31 03865043 c:RevaluationReserve c:PriorPeriodIncreaseDecrease 2022-08-01 2023-07-31 03865043 c:RevaluationReserve 2022-08-01 03865043 c:RevaluationReserve 5 2022-08-01 2023-07-31 03865043 c:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 03865043 c:RetainedEarningsAccumulatedLosses 2024-07-31 03865043 c:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 03865043 c:RetainedEarningsAccumulatedLosses 2023-07-31 03865043 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2022-08-01 2023-07-31 03865043 c:RetainedEarningsAccumulatedLosses 2022-08-01 03865043 c:AcceleratedTaxDepreciationDeferredTax 2024-07-31 03865043 c:AcceleratedTaxDepreciationDeferredTax 2023-07-31 03865043 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-08-01 2024-07-31 03865043 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-07-31 03865043 e:FRS102 2023-08-01 2024-07-31 03865043 e:Audited 2023-08-01 2024-07-31 03865043 e:FullAccounts 2023-08-01 2024-07-31 03865043 e:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03865043 c:WithinOneYear 2024-07-31 03865043 c:WithinOneYear 2023-07-31 03865043 c:BetweenOneFiveYears 2024-07-31 03865043 c:BetweenOneFiveYears 2023-07-31 03865043 e:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03865043 5 2023-08-01 2024-07-31 03865043 f:PoundSterling 2023-08-01 2024-07-31 03865043 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2022-08-01 2023-07-31 03865043 c:RevaluationReserve c:PreviouslyStatedAmount 2022-08-01 03865043 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2022-08-01 03865043 c:PreviouslyStatedAmount 2022-08-01 03865043 c:RetainedEarningsAccumulatedLosses 5 2023-08-01 2024-07-31 03865043 c:RetainedEarningsAccumulatedLosses 5 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 03865043









REDESDALE ARMS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
REDESDALE ARMS LIMITED
REGISTERED NUMBER: 03865043

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023 restated
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,579,531
4,659,404

  
4,579,531
4,659,404

Current assets
  

Stocks
 6 
16,700
17,653

Debtors: amounts falling due within one year
 7 
1,049,858
1,086,271

Cash at bank and in hand
 8 
186,419
126,420

  
1,252,977
1,230,344

Creditors: amounts falling due within one year
 9 
(2,006,057)
(2,429,353)

Net current liabilities
  
 
 
(753,080)
 
 
(1,199,009)

Total assets less current liabilities
  
3,826,451
3,460,395

Provisions for liabilities
  

Deferred tax
 10 
(78,237)
(59,312)

Other provisions
  
(67,373)
-

  
 
 
(145,610)
 
 
(59,312)

Net assets
  
3,680,841
3,401,083


Capital and reserves
  

Called up share capital 
  
800,000
800,000

Revaluation reserve
 12 
2,738,973
2,840,417

Profit and loss account
 12 
141,868
(239,334)

  
3,680,841
3,401,083


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 statement of comprehensive income 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 by: 

Page 1

 
REDESDALE ARMS LIMITED
REGISTERED NUMBER: 03865043
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024




David Nathan
Director

Date: 29 August 2025

The notes on pages 4 to 14 form part of these financial statements.
Page 2

 
REDESDALE ARMS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 August 2022 (as previously stated)
800,000
2,212,042
51,342
3,063,384

Prior year adjustment - correction of error
-
61,713
(274,456)
(212,743)


At 1 August 2022 (as restated)
800,000
2,273,755
(223,114)
2,850,641


Comprehensive income for the year

Profit for the year

-
-
245,669
245,669

Surplus on revaluation of freehold property
-
654,773
88,111
742,884


Other comprehensive income for the year
-
654,773
88,111
742,884


Total comprehensive income for the year
-
654,773
333,780
988,553


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(350,000)
(350,000)

Transfer to/from profit and loss account
-
(88,111)
-
(88,111)


Total transactions with owners
-
(88,111)
(350,000)
(438,111)



At 1 August 2023
800,000
2,840,417
(239,334)
3,401,083


Comprehensive income for the year

Profit for the year

-
-
279,758
279,758

Surplus on revaluation of freehold property
-
-
101,444
101,444


Other comprehensive income for the year
-
-
101,444
101,444


Total comprehensive income for the year
-
-
381,202
381,202


Contributions by and distributions to owners

Transfer to/from profit and loss account
-
(101,444)
-
(101,444)


Total transactions with owners
-
(101,444)
-
(101,444)


At 31 July 2024
800,000
2,738,973
141,868
3,680,841


The notes on pages 4 to 14 form part of these financial statements.
Page 3

 
REDESDALE ARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Redesdale Arms Limited is a company limited by shares incorporated in England and Wales under the Companies Act 2006. The address of the registered office is Bull Courtyard, Bell Street, Henley-On-Thames, Oxfordshire, England, RG9 2BA. The principal activity of the company is that of being a hotel.

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

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).

This information is included in the consolidated financial statements of Redesdale Holdings Limited as at 31 July 2024 and these financial statements may be obtained from Companies House.

 
2.3

Financial statements prepared on a basis other than going concern

Following the change in ownership of the company subsequent to the year end, its assets and trade were transferred to W H Brakspear & Sons Limited. Consequently, the company has ceased trading.
The financial statements have therefore been prepared on a basis other than that of a going concern. No adjustment to the company's assets and liabilities as at 31 July 2024 has been required as a result of the financial statements being prepared on this basis.

Page 4

 
REDESDALE ARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Revenue

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

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

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.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
REDESDALE ARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

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.


 
2.8

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.

The estimated useful lives range as follows:

Freehold property
-
50
years
Motor vehicles
-
25
% reducing balance
Fixtures and fittings
-
4
years
Computer equipment
-
3
years

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 6

 
REDESDALE ARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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 7

 
REDESDALE ARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.14

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.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.
The main area of estimation is the valuation of the freehold property. This judgement is made by qualified third party experts in property valuation.


4.


Employees

The average monthly number of employees, including directors, during the year was 37 (2023 - 36).

Page 8

 
REDESDALE ARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 August 2023
4,587,425
24,365
268,865
2,589
4,883,244


Additions
62,592
-
32,864
-
95,456


Disposals
-
(24,365)
-
-
(24,365)



At 31 July 2024

4,650,017
-
301,729
2,589
4,954,335



Depreciation


At 1 August 2023
-
11,230
212,142
468
223,840


Charge for the year on owned assets
140,001
547
21,330
863
162,741


Disposals
-
(11,777)
-
-
(11,777)



At 31 July 2024

140,001
-
233,472
1,331
374,804



Net book value



At 31 July 2024
4,510,016
-
68,257
1,258
4,579,531



At 31 July 2023 restated
4,587,425
13,135
56,723
2,121
4,659,404

Page 9

 
REDESDALE ARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

           5.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
4,510,016
4,587,425

4,510,016
4,587,425


Cost or valuation at 31 July 2024 is as follows:

Land and buildings
£


At cost
2,210,338
At valuation:

25/01/2023
2,439,679



4,650,017

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
2,210,338
2,147,746

Accumulated depreciation
(439,371)
(400,739)

Net book value
1,770,967
1,747,007


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
16,700
17,653

16,700
17,653



7.


Debtors

2024
2023
£
£

Page 10

 
REDESDALE ARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.Debtors (continued)


Trade debtors
18,934
12,546

Amounts owed by group undertakings
965,727
1,059,813

Other debtors
10,826
-

Prepayments and accrued income
54,371
13,912

1,049,858
1,086,271



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
186,419
126,420

186,419
126,420



9.


Creditors: Amounts falling due within one year

2024
2023 restated
£
£

Trade creditors
147,177
83,492

Amounts owed to group undertakings
1,400,563
1,839,316

Corporation tax
35,163
2,364

Other taxation and social security
79,356
127,895

Other creditors
330,503
346,382

Accruals and deferred income
13,295
29,904

2,006,057
2,429,353



10.


Deferred taxation

Page 11

 
REDESDALE ARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
 
10.Deferred taxation (continued)




2024


£






At beginning of year
(59,312)


Charged to profit or loss
(18,925)



At end of year
(78,237)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(78,237)
(59,312)

(78,237)
(59,312)


11.


Provisions




Provision

£





Charged to profit or loss
67,373



At 31 July 2024
67,373

The provision consists of £59,384 due to HMRC under a voluntary disclosure and an additional £7,989 in estimated interest for late payment.


12.


Reserves

Revaluation reserve

The revaluation reserve represents the surplus on revaluation of the freehold property.

Profit and loss account

The balance in the profit and loss account represents the toal distributable reserves of the Company.

Page 12

 
REDESDALE ARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

13.


Prior year adjustment

A prior year adjustment has been recognised to account for accumulated depreciation on the freehold property included within tangible fixed assets under the revaluation model. The adjustment has increased the revaluation reserve by £310,775 and reduced  the profit and loss reserve by £310,775.
A further adjustment was recognised to correct the balances owed to related parties, in order to agree the amount due with the counterparty. This resulted in an increase in intercompany creditors of £30,000, a decrease in other creditors of £31,200 and an increase in the profit and loss reserve of £1,200. The related party balances as at 31 July 2024 and 2023 are disclosed in note 16 of the financial statements.


14.


Commitments under operating leases

At 31 July 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
1,730
-

Later than 1 year and not later than 5 years
721
-

2,451
-


15.


Related party transactions

The company has taken advantage of the exception available under FRS 102 paragraph 33.1a whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.
As at 31 July 2024, Redesdale Arms Ltd owed £203,100 (
2023: £203,100) to Old Amersham Hotels (Crown) Ltd  and £50,609 (2023: £25,550) to Old Amersham Hotels Ltd, companies under common control.


16.


Post balance sheet events

On 5th April 2025, Redesdale Arms Limited and its parent company, Redesdale Holdings Ltd, were sold to new shareholders. The assets and trade of the entity were subsequently transferred to W H Brakspear & Sons Limited.


17.


Controlling party

The parent company is Redesdale Holdings Ltd. The registered office and trading address is Bull Courtyard, Bell Street, Henley-On-Thames, Oxfordshire, England, RG9 2BA. 
The ultimate controlling party from 5 April 2025  is Thomas Anthony Trehearne Davies. During the year ended 31 July 2024 and until 5 April 2025 there was no ultimate controlling party.

Page 13

 
REDESDALE ARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

18.


Auditors' information

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

In their report, the auditors emphasised the following matter without qualifying their report:

Following the change in ownership of the company subsequent to the year end, its assets and trade were
transferred to W H Brakspear & Sons Limited. Consequently, the company has ceased trading, and the
financial statements have been prepared on a basis other than that of going concern. Our opinion is not
modified in this respect.

The audit report was signed on 29 August 2025 by Graham Wintle (Senior Statutory Auditor) on behalf of Moore Kingston Smith LLP.

 
Page 14