Red House (Bath) Limited Filleted accounts for Companies House (small and micro)

RED HOUSE (BATH) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10753390

Red House (Bath) Limited

Filleted Unaudited Financial Statements

31 December 2018

Red House (Bath) Limited

Statement of Financial Position

31 December 2018

	31 Dec 18	30 Jun 17
Note	£	£

Fixed assets

Tangible assets	5	1,251,389	–

Current assets

Stocks		33,635	–
Debtors	6	76,369	226,910
Cash at bank and in hand		118,373	100
		---------	---------
		228,377	227,010

Creditors: amounts falling due within one year	7	1,510,093	228,410
		------------	---------
Net current liabilities		1,281,716	1,400
		------------	-------
Total assets less current liabilities		( 30,327)	( 1,400)

Creditors: amounts falling due after more than one year	8	36,667	–
		--------	-------
Net liabilities		( 66,994)	( 1,400)
		--------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 67,094)	( 1,500)
	--------	-------
Shareholders deficit	( 66,994)	( 1,400)
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period 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 .

Red House (Bath) Limited

Statement of Financial Position (continued)

31 December 2018

These financial statements were approved by the board of directors and authorised for issue on 26 September 2019 , and are signed on behalf of the board by:

Mrs. D.J. Still

Director

Company registration number: 10753390

Red House (Bath) Limited

Notes to the Financial Statements

Period from 1 July 2017 to 31 December 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Slades Farm Top Lane, Whitley, Melksham, SN12 8RA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Long leasehold property	-	5% straight line
Plant and machinery	-	20% straight line
Fixtures and fittings	-	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 25 (2017: Nil).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 July 2017	–	–	–	–
Additions	831,609	170,370	407,033	1,409,012
	---------	---------	---------	------------
At 31 December 2018	831,609	170,370	407,033	1,409,012
	---------	---------	---------	------------
Depreciation
At 1 July 2017	–	–	–	–
Charge for the period	41,580	34,636	81,407	157,623
	---------	---------	---------	------------
At 31 December 2018	41,580	34,636	81,407	157,623
	---------	---------	---------	------------
Carrying amount
At 31 December 2018	790,029	135,734	325,626	1,251,389
	---------	---------	---------	------------
At 30 June 2017	–	–	–	–
	---------	---------	---------	------------

6. Debtors

	31 Dec 18	30 Jun 17
	£	£
Trade debtors	6,282	–
Other debtors	70,087	226,910
	--------	---------
	76,369	226,910
	--------	---------

7. Creditors: amounts falling due within one year

	31 Dec 18	30 Jun 17
	£	£
Bank loans and overdrafts	40,000	–
Trade creditors	173,979	–
Social security and other taxes	33,121	–
Other creditors	1,262,993	228,410
	------------	---------
	1,510,093	228,410
	------------	---------

8. Creditors: amounts falling due after more than one year

	31 Dec 18	30 Jun 17
	£	£
Bank loans and overdrafts	36,667	–
	--------	----