Company registration number 10271958 (England and Wales)
REDWOOD ASSET MANAGEMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
REDWOOD ASSET MANAGEMENT LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
REDWOOD ASSET MANAGEMENT LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,559
2,078
Investment property
4
4,394,894
2,698,343
4,396,453
2,700,421
Current assets
Debtors
5
1,217
680
Cash at bank and in hand
20,887
5,199
22,104
5,879
Creditors: amounts falling due within one year
6
(1,460,139)
(891,200)
Net current liabilities
(1,438,035)
(885,321)
Total assets less current liabilities
2,958,418
1,815,100
Creditors: amounts falling due after more than one year
7
(2,988,312)
(1,874,736)
Net liabilities
(29,894)
(59,636)
Capital and reserves
Called up share capital
1
1
Revaluation reserve
8
484,094
484,094
Profit and loss reserves
9
(513,989)
(543,731)
Total equity
(29,894)
(59,636)
REDWOOD ASSET MANAGEMENT LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 March 2026 and are signed on its behalf by:
Mr O N Brand
Director
Company registration number 10271958 (England and Wales)
REDWOOD ASSET MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Redwood Asset Management Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Cabourn House, Station Street, Bingham, Nottinghamshire, United Kingdom, NG13 8AQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced rent receivable from the company's property portfolio, including both owned and leased properties.

Where the rental period does not cut-off with the financial year end, the proportion that relates to the following year is deferred. Equally, if the rental invoice is not raised until the following year, any element of the rent that relates to the current year is accrued.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line
Fixtures and fittings
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

REDWOOD ASSET MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
3,955
Depreciation and impairment
At 1 April 2024
1,877
Depreciation charged in the year
519
At 31 March 2025
2,396
Carrying amount
At 31 March 2025
1,559
At 31 March 2024
2,078
4
Investment property
2025
£
Fair value
At 1 April 2024
2,698,343
Additions
1,860,402
Disposals
(163,851)
At 31 March 2025
4,394,894

The fair value of the investment property has been arrived at on the basis of a valuation carried out in 2021 by an independent professional valuer, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The directors do not believe further revaluation is required as the amount included reflects an accurate fair value at the balance sheet date.

REDWOOD ASSET MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,217
680
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Trade creditors
3,300
-
0
Other creditors
1,446,839
881,200
1,460,139
891,200
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,988,312
1,874,736
Creditors which fall due after five years are payable as follows:
Payable by instalments
(2,985,812)
(1,862,236)

Bank loans are secured with full title guarantee on the properties to which they relate.

8
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
484,094
484,094

The revaluation reserve contains cumulative gains and losses on the revaluation of investment property, net of deferred tax.

9
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
(543,731)
(566,183)
Adjusted balance
(543,731)
(566,183)
Profit for the year
29,742
22,452
At the end of the year
(513,989)
(543,731)
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