RED LION PEPPARD LTD


Directors	Mr T Laithwaite
	Mr W Laithwaite
	Mr J Williamson


Registered Address	31a Astonville Street
	London
	SW18 5AN


Registered Number	13633067 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		100,041		61,582
			100,041		61,582
Current assets
Stocks	4	14,000		19,000
Debtors		7,016		15,500
Cash at bank and on hand		77,973		70,123
		98,989		104,623
Creditors amounts falling due within one year	5	(100,304)		(78,562)
Net current assets (liabilities)			(1,315)		26,061
Total assets less current liabilities			98,726		87,643
Creditors amounts falling due after one year	6		(161,456)		(182,212)
Net assets			(62,730)		(94,569)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(62,830)		(94,669)
Shareholders' funds			(62,730)		(94,569)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 18 November 2025, and are signed on its behalf by:

Mr T Laithwaite
Director
Registered Company No. 13633067

RED LION PEPPARD LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	Red Lion Peppard Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 31a Astonville Street, London, SW18 5AN.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	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.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods.

	Revenue from rendering of services
	Revenue 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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Plant and Machinery Straight line over 3 years Fixtures and Fittings Straight line over 3 years Computer Equipment Straight line over 3 years

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Plant and Machinery     Straight line over 3 years
Fixtures and Fittings      Straight line over 3 years
Computer Equipment    Straight line over 3 years

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees
	The average number of persons, including directors, employed by the company during the year was as follows:


		2025		2024
	Average number of employees during the year	18		18

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	69,483	10,931	1,960	82,374
Additions	71,709	1,657	-	73,366
Transfers	-	(3,333)	-	(3,333)
At 31 March 25	141,192	9,255	1,960	152,407
Depreciation and impairment
At 01 April 24	19,107	1,021	664	20,792
Charge for year	30,556	616	402	31,574
At 31 March 25	49,663	1,637	1,066	52,366
Net book value
At 31 March 25	91,529	7,618	894	100,041
At 31 March 24	50,376	9,910	1,296	61,582

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	3,500	8,500
Finished goods	10,500	10,500
Total	14,000	19,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	38,071	38,189
Taxation and social security	35,633	28,923
Other creditors	14,977	8,950
Accrued liabilities and deferred income	11,623	2,500
Total	100,304	78,562

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Amounts owed to related parties	138,771	168,969
Other creditors	22,685	13,243
Total	161,456	182,212

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	22,686		13,243