REGISTERED NUMBER: 10753390 (England and Wales)

RED HOUSE (BATH) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs D J Still

Mr M W Still

Mr J A Still

REGISTERED OFFICE:

1st Floor Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

REGISTERED NUMBER:

10753390 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

3,720,251

2,433,290

CURRENT ASSETS

Stocks

91,482

88,639

Debtors

5

544,791

319,257

Cash at bank and in hand

506,390

524,219

1,142,663

932,115

CREDITORS

Amounts falling due within one year

6

2,301,160

2,117,257

NET CURRENT LIABILITIES

(1,158,497

)

(1,185,142

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,561,754

1,248,148

CREDITORS

Amounts falling due after more than one year

7

(1,367,276

)

(729,146

)

PROVISIONS FOR LIABILITIES

(225,857

)

-

NET ASSETS

968,621

519,002

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

968,521

518,902

SHAREHOLDERS' FUNDS

968,621

519,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2025 and were signed on its behalf by:

Mrs D J Still - Director

1.	STATUTORY INFORMATION

Red House (Bath) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

over the duration of the lease

Improvements to property

-

5% straight line on cost

Plant and machinery

-

20% straight line on cost

Fixtures and fittings

-

20% straight line on cost

Motor vehicles

-

20% straight line on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 75 ) .

4.	TANGIBLE FIXED ASSETS

Improvement

Freehold

Short

to

property

leasehold

property

£

£

£

COST

At 1st January 2024

1,265,101

-

1,456,213

Additions

1,220,589

30,589

16,555

Disposals

-

-

-

At 31st December 2024

2,485,690

30,589

1,472,768

DEPRECIATION

At 1st January 2024

-

-

354,386

Charge for year

-

563

73,203

Eliminated on disposal

-

-

-

At 31st December 2024

-

563

427,589

NET BOOK VALUE

At 31st December 2024

2,485,690

30,026

1,045,179

At 31st December 2023

1,265,101

-

1,101,827

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st January 2024

356,682

450,334

-

3,528,330

Additions

10,270

1,184

121,948

1,401,135

Disposals

(833

)

-

-

(833

)

At 31st December 2024

366,119

451,518

121,948

4,928,632

DEPRECIATION

At 1st January 2024

304,714

435,940

-

1,095,040

Charge for year

20,704

4,454

15,250

114,174

Eliminated on disposal

(833

)

-

-

(833

)

At 31st December 2024

324,585

440,394

15,250

1,208,381

NET BOOK VALUE

At 31st December 2024

41,534

11,124

106,698

3,720,251

At 31st December 2023

51,968

14,394

-

2,433,290

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

85,698

At 31st December 2024

85,698

DEPRECIATION

Charge for year

14,646

At 31st December 2024

14,646

NET BOOK VALUE

At 31st December 2024

71,052

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

68,692

102,963

Amounts owed by group undertakings

344,375

152,438

Other debtors

131,724

63,856

544,791

319,257

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

95,713

57,036

Hire purchase contracts (see note 8)

53,590

-

Trade creditors

143,886

242,395

Amounts owed to group undertakings

1,165,735

660,403

Taxation and social security

67,958

344,150

Other creditors

774,278

813,273

2,301,160

2,117,257

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,279,667

729,146

Hire purchase contracts (see note 8)

87,609

-

1,367,276

729,146

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

53,590

-

Between one and five years

87,609

-

141,199

-

Non-cancellable

operating leases

2024

2023

£

£

Within one year

107,750

107,750

Between one and five years

562,263

557,313

In more than five years

366,275

478,975

1,036,288

1,144,038

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

141,199

-

Bank loans

1,308,712

672,964

1,449,911

672,964

The secured debts are secured by fixed charges on the asset to which they relate and floating charges over the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100