Redwood Pubs Limited Filleted accounts for Companies House (small and micro)
Redwood Pubs Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC455542
|
|
|
|
Statement of Financial Position |
2018 |
2017 |
||
(restated) |
|||
Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
7 |
|
|
|
Current assets
Stocks |
|
|
||
Debtors |
9 |
|
|
|
Cash at bank and in hand |
|
|
||
--------- |
--------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
10 |
|
|
|
--------- |
--------- |
|||
Net current (liabilities)/assets |
(
|
|
||
------------ |
------------ |
|||
Total assets less current liabilities |
|
|
||
Creditors: amounts falling due after more than one year |
11 |
– |
|
|
Provisions for liabilities
Deferred tax |
|
|
|
------------ |
------------ |
||
Net assets |
|
|
|
------------ |
------------ |
||
|
Statement of Financial Position (continued) |
2018 |
2017 |
||
(restated) |
|||
Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
13 |
|
|
|
Profit and loss account |
|
|
||
------------ |
------------ |
|||
Shareholders funds |
|
|
||
------------ |
------------ |
|||
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The 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 Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
27 May 2019
, and are signed on behalf of the board by:
|
Director |
Company registration number:
SC455542
All of the members of
Redwood Pubs Limited
have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.
|
Notes to the Financial Statements |
Year ended 31 August 2018
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Stannergate House, 41 Dundee Road West, Broughty Ferry, Dundee, DD5 1NB, Scotland.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Consolidation
Judgements and key sources of estimation uncertainty
Revenue recognition
Corporation tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property |
- |
|
|
Fixture and fittings |
- |
|
|
Impairment of fixed assets
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
30
(2017:
30
).
5.
Tax on profit
Major components of tax expense
2018 |
2017 |
|
(restated) |
||
£ |
£ |
|
Current tax:
UK current tax expense |
|
|
Adjustments in respect of prior periods |
(
|
(
|
-------- |
-------- |
|
Total current tax |
|
|
-------- |
-------- |
|
Deferred tax:
Origination and reversal of timing differences |
(
|
(
|
-------- |
-------- |
|
Tax on profit |
|
|
-------- |
-------- |
|
6.
Intangible assets
Goodwill |
|
£ |
|
Cost |
|
At 1 September 2017 (as restated) and 31 August 2018 |
|
--------- |
|
Amortisation |
|
At 1 September 2017 and 31 August 2018 |
|
--------- |
|
Carrying amount |
|
At 31 August 2018 |
– |
--------- |
|
At 31 August 2017 |
– |
--------- |
|
7.
Tangible assets
Land and buildings |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 September 2017 (as restated) |
|
|
|
Additions |
|
|
|
------------ |
-------- |
------------ |
|
At 31 August 2018 |
|
|
|
------------ |
-------- |
------------ |
|
Depreciation |
|||
At 1 September 2017 |
|
|
|
Charge for the year |
|
|
|
------------ |
-------- |
------------ |
|
At 31 August 2018 |
|
|
|
------------ |
-------- |
------------ |
|
Carrying amount |
|||
At 31 August 2018 |
|
|
|
------------ |
-------- |
------------ |
|
At 31 August 2017 |
|
|
|
------------ |
-------- |
------------ |
|
8.
Prior year adjustment
It has been identified that the cost and accumulated depreciation relating to land and buildings has been overstated by £1,945,421, however, the carrying amount has remained correct since the inception of the company in the year ended 31 August 2014. An adjustment has been processed to restate these amounts which have been overstated since the company's inception due to errors in the opening balances of this class of asset.
9.
Debtors
2018 |
2017 |
|
(restated) |
||
£ |
£ |
|
Amounts owed by associated companies |
– |
|
Other debtors |
|
|
-------- |
--------- |
|
|
|
|
-------- |
--------- |
|
10.
Creditors:
amounts falling due within one year
2018 |
2017 |
|
(restated) |
||
£ |
£ |
|
Bank loans and overdrafts |
– |
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
11.
Creditors:
amounts falling due after more than one year
2018 |
2017 |
|
(restated) |
||
£ |
£ |
|
Bank loans and overdrafts |
– |
|
---- |
------------ |
|
12.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2018 |
2017 |
|
(restated) |
||
£ |
£ |
|
Included in provisions for liabilities |
|
|
-------- |
-------- |
|
The deferred tax account consists of the tax effect of timing differences in respect of:
2018 |
2017 |
|
(restated) |
||
£ |
£ |
|
Accelerated capital allowances |
|
|
-------- |
-------- |
|
13.
Called up share capital
Issued, called up and fully paid
2018 |
2017 |
|||
(restated) |
||||
No. |
£ |
No. |
£ |
|
|
|
1,683.61 |
|
1,683.61 |
--------- |
----------- |
--------- |
----------- |
|
14.
Related party transactions
15.
Controlling party