Company registration number 09646893 (England and Wales)
REDESDALE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
PAGES FOR FILING WITH REGISTRAR
REDESDALE HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
REDESDALE HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 JULY 2021
31 July 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Investments
3
2,268,149
2,268,149
Current assets
Debtors
4
2,190,320
1,717,716
Cash at bank and in hand
3,457
2,193,777
1,717,716
Creditors: amounts falling due within one year
5
(2,005,731)
(2,010,399)
Net current assets/(liabilities)
188,046
(292,683)
Total assets less current liabilities
2,456,195
1,975,466
Creditors: amounts falling due after more than one year
6
(2,856,727)
(2,932,314)
Net liabilities
(400,532)
(956,848)
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
(400,732)
(957,048)
Total equity
(400,532)
(956,848)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
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
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
REDESDALE HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2021
31 July 2021
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 27 July 2022 and are signed on its behalf by:
B Bradley
Director
Company Registration No. 09646893
REDESDALE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
- 3 -
1
Accounting policies
Company information
Redesdale Holdings Limited
(company registered number: 09646893)
is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Kings Arms Hotel, 30 High Street, Amersham, Buckinghamshire, HP7 0DJ.
1.1
Accounting convention
These financial statements 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” (“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 company has taken advantage of the exemption under section
399
of the
Companies Act 2006 not to prepare consolidated accounts
, on the basis that the group of which this is the parent qualifies as a small group
. The
financial statements
present information about the company as an individual entity and not about its group
.
The following accounting policies have been applied.
1.2
Going concern
A
true
t the time of approving the financial statements
,
despite the net liabilities, t
he directors have a reasonable expectation that the
company
has adequate resources to continue in operational existence for the foreseeable future
, through the support of its shareholders
. Thus
t
he directors continue to adopt the going concern basis of accounting in preparing the financial statements.
In drawing this conclusion, the directors have given due consideration to the impact of the Coronavirus pandemic. The directors consider that the impact of the pandemic to date of approval of these accounts is not significant enough to create material uncertainty that the company will continue to be a going concern.
1.3
Fixed asset investments
Interests in subsidiaries
are measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in
profit
or
loss
.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
1.4
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
.
1.5
Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include
debtors,
bank balances
and amounts due from group undertakings
, are measured at transaction price
. Financial assets classified as receivable within one year are not amortised.
REDESDALE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities
Basic financial liabilities, including
other creditors and
bank loans are recognised at transaction price
. Financial liabilities classified as payable within one year are not amortised.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Fixed asset investments
2021
2020
£
£
Shares in group undertakings and participating interests
2,268,149
2,268,149
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
2,190,120
1,717,516
Other debtors
200
200
2,190,320
1,717,716
5
Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans
77,826
273,106
Other creditors
1,923,190
1,734,445
Accruals
4,715
2,848
2,005,731
2,010,399
The loans are secured by fixed and floating charges over the companys assets.
REDESDALE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
- 5 -
6
Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans
2,856,727
2,932,314
Creditors which fall due after five years are as follows:
2021
2020
£
£
Payable by instalments
1,868,461
2,005,957