Redwood Estates (Northampton) Limited - Filleted accounts

Redwood Estates (Northampton) Limited - Filleted accounts


Redwood Estates (Northampton) Limited
Data not obtained from trial balance
Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
Units (eg £ or £000) £ include a trailing space
Company registration number 08792935
Date
Approval date of the accounts by the board 10/10/2020
Date
Date of signing on the audit/accountants report 10/10/2020
Date of engagement letter (required for Date
CA and ACCA reports) 26/03/2015
Person signing directors' report:
Name of director M C Strickland Esq
Or, name of secretary
Name of director signing balance sheet M C Strickland Esq
Address of registered office:
Address line 1 1 Washington Street
Address line 2 Kingsthorpe
City or town Northampton
County or region Northants
Postcode NN2 6NN
Name of senior statutory auditor
Name of auditors/accountants Paul Slater & Co
Type of firm (eg Chartered Accountants) Chartered Accountants
Address of auditors/accountants
Address line 1 1 Washington Street
Address line 2 Kingsthorpe
City or town Northampton
County or region NN2 6NN
Postcode
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 1 1
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
08792935
Redwood Estates (Northampton) Limited
Filleted Accounts
31 March 2020
Redwood Estates (Northampton) Limited
Registered number: 08792935
Balance Sheet
as at 31 March 2020
Notes 2020 2019
£ £
Fixed assets
Freehold Property 2 545,000 545,000
Current assets
Cash at bank and in hand 31,125 28,707
Creditors: amounts falling due within one year 3 (546,543) (546,780)
Net current liabilities (515,418) (518,073)
Total assets less current liabilities 29,582 26,927
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Net assets 29,582 26,927
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 28,582 25,927
Shareholders' funds 29,582 26,927
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M C Strickland Esq
Director
Approved by the board on 10 October 2020
Redwood Estates (Northampton) Limited
Notes to the Accounts
for the year ended 31 March 2020
1 Accounting policies
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
0 Employees 2020 2019
Number Number
Average number of persons employed by the company 1 1
2 Fixed assets - Freehold Property
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 31 March 2020 545,000 0 0 545,000
3 Creditors: amounts falling due within one year 2020 2019
£ £
Other loan 272,500 272,500
Directors Loan 272,500 272,500
Corporation tax 0 -
Other creditors 1,543 1,780
546,543 546,780
4 Contingent liabilities
Corporation Tax
5 Controlling party
M Strickland is in control. The Strickland family own all the shares in the company
6 Other information
Redwood Estates (Northampton) Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Washington Street
Kingsthorpe
Northampton
Northants
NN2 6NN
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