T C W Redgate Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06733946 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

T C W Redgate Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T C W Redgate

REGISTERED OFFICE:

c/o Rothera Sharp Solicitors

2 Kayes Walk

The Lace Market

Nottingham

NG1 1PZ

REGISTERED NUMBER:

06733946 (England and Wales)

ACCOUNTANTS:

Franklin Underwood

1 Pinnacle Way

Pride Park

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Intangible assets

4

71,666

81,666

CURRENT ASSETS

Debtors

5

99,389

109,672

Cash at bank

1,293

1,286

100,682

110,958

CREDITORS

Amounts falling due within one year

6

13,866

40,169

NET CURRENT ASSETS

86,816

70,789

TOTAL ASSETS LESS CURRENT LIABILITIES

158,482

152,455

CREDITORS

Amounts falling due after more than one year

7

65,000

65,000

NET ASSETS

93,482

87,455

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

93,481

87,454

SHAREHOLDERS' FUNDS

93,482

87,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 12 November 2019 and were signed by:

Mr T C W Redgate - Director

1.	STATUTORY INFORMATION

T C W Redgate Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the company's share of the profits of the partnership Rothera Sharp Solicitors.

Goodwill

Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their

estimated useful economic lives as follows:

Goodwill - twenty years

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2018

and 31 May 2019

200,000

AMORTISATION

At 1 June 2018

118,334

Amortisation for year

10,000

At 31 May 2019

128,334

NET BOOK VALUE

At 31 May 2019

71,666

At 31 May 2018

81,666

Goodwill arose on the purchase of the company's share in Rothera Sharp Solicitors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Due from Rothera Sharp

98,773

109,672

Directors' current accounts

616

-

99,389

109,672

Other than as stated under directors loan account above, none of the above amounts related to amounts due from

the director or shareholder of the company either directly or indirectly.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

13,098

14,402

Directors' current accounts

-

25,023

Accruals and deferred income

768

744

13,866

40,169

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

65,000

65,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2019 and

31 May 2018:

2019

2018

£

£

Mr T C W Redgate

Balance outstanding at start of year

(25,023

)

(63,268

)

Amounts advanced

73,358

63,650

Amounts repaid

(47,719

)

(25,405

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

616

(25,023

)

The directors loan account was cleared within nine months of the year end.

Interest was charged on the balance at a rate of 2.5% per annum.