Redwood Estate Management Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 9587653

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,041		2,643

			3,041		2,643
CURRENT ASSETS
Debtors	5	36		(9,029 )
Cash at bank and in hand		14,708		26,512

		14,744		17,483
Creditors: Amounts Falling Due Within One Year	6	(100,257 )		(101,466 )

NET CURRENT ASSETS (LIABILITIES)			(85,513 )		(83,983 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(82,472 )		(81,340 )

NET LIABILITIES			(82,472 )		(81,340 )

CAPITAL AND RESERVES
Called up share capital	7		90		90
Profit and Loss Account			(82,562 )		(81,430 )

SHAREHOLDERS' FUNDS			(82,472)		(81,340)

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M Leckenby

Director

26 September 2025

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

1. General Information

Redwood Estate Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9587653 . The registered office is 550 Valley Rd, Basford, Nottingham, NG5 1JJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

At 31st December 2024 the company had net liabilities of £82,472. The company is reliant on the continued support of the director. The director has confirmed his intention to support the company for at least 12 months from the date of signing the accounts.

On the above basis, the director considers that the accounts should be prepared on a going concern basis.

The directors acknowledge that the dividends paid during the year could be considered unlawful as they were paid in contravention of Section 830 of the Companies Act 2006, due to insufficient distributable profits available at the time of declaration. The directors are aware that should the comany stop trading and insufficient distributable profits remain unavaialble, then these dividends may have to be repaid.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 5)

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Redwood Estate Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	1,528	9,548	11,076
Additions	-	1,273	1,273

As at 31 December 2024	1,528	10,821	12,349

Depreciation
As at 1 January 2024	1,361	7,072	8,433
Provided during the period	42	833	875

As at 31 December 2024	1,403	7,905	9,308

Net Book Value
As at 31 December 2024	125	2,916	3,041

As at 1 January 2024	167	2,476	2,643

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	36	(9,265 )
Directors' loan accounts	-	236

	36	(9,029 )

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	878	2,991
Corporation tax	872	-
PAYE and NIC control	2,495	3,548
VAT	6,332	6,867
Net wages	3,537	-
Other creditors	10,426	10,634
Pension control account	459	-
Accruals and deferred income	-	6,220
Directors' loan accounts	4,052	-
Amounts owed to group undertakings	71,206	71,206

	100,257	101,466

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	90	90

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