Company Registration No. SC141656 (Scotland)
Redding Park Development Company Limited
Unaudited accounts
for the year ended 31 March 2022
Redding Park Development Company Limited
Unaudited accounts
Contents
Redding Park Development Company Limited
Company Information
for the year ended 31 March 2022
Director
Gordon Murray MacPherson
Secretary
Linda Mary Farquharson
Company Number
SC141656 (Scotland)
Registered Office
5 TRAPRAIN TERRACE
HADDINGTON
EAST LOTHIAN
EH41 3QD
Redding Park Development Company Limited
Statement of financial position
as at
31 March 2022
Tangible assets
22,143
23,304
Investments
203,905
203,905
Inventories
4,400,000
4,400,000
Cash at bank and in hand
178,349
168,188
Creditors: amounts falling due within one year
(3,924,457)
(3,913,446)
Net current assets
658,219
658,484
Total assets less current liabilities
884,267
885,693
Creditors: amounts falling due after more than one year
(49,188)
(50,000)
Net assets
835,079
835,693
Called up share capital
1,000
1,000
Revaluation reserve
1,589,000
1,589,000
Profit and loss account
(754,921)
(754,307)
Shareholders' funds
835,079
835,693
For the year ending 31 March 2022 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2022 and were signed on its behalf by
Gordon Murray MacPherson
Director
Company Registration No. SC141656
Redding Park Development Company Limited
Notes to the Accounts
for the year ended 31 March 2022
Redding Park Development Company Limited is a private company, limited by shares, registered in Scotland, registration number SC141656. The registered office is 5 TRAPRAIN TERRACE, HADDINGTON, EAST LOTHIAN, EH41 3QD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2021
103,755
51,361
155,116
At 31 March 2022
108,130
51,361
159,491
At 1 April 2021
81,417
50,395
131,812
Charge for the year
5,342
194
5,536
At 31 March 2022
86,759
50,589
137,348
At 31 March 2022
21,371
772
22,143
At 31 March 2021
22,338
966
23,304
Redding Park Development Company Limited
Notes to the Accounts
for the year ended 31 March 2022
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 April 2021
200,000
3,905
203,905
Valuation at 31 March 2022
200,000
3,905
203,905
6
Debtors: amounts falling due within one year
2022
2021
Other debtors
4,327
3,742
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
2,787,079
2,701,581
Other creditors
11,708
10,495
Loans from directors
1,125,670
1,201,370
8
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
49,188
50,000
9
Share capital
2022
2021
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Average number of employees
During the year the average number of employees was 0 (2021: 0).