Redrock Associates International Limited - Accounts to registrar (filleted) - small 18.2

Redrock Associates International Limited - Accounts to registrar (filleted) - small 18.2

REDROCK ASSOCIATES INTERNATIONAL LIMITED - Company Information

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REDROCK ASSOCIATES INTERNATIONAL LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2020





Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH








REDROCK ASSOCIATES INTERNATIONAL LIMITED (REGISTERED NUMBER: 04757903)






Contents of the Financial Statements
for the year ended 31st March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REDROCK ASSOCIATES INTERNATIONAL LIMITED

Company Information
for the year ended 31st March 2020







DIRECTORS: Dr N S Meadows
Mrs S J Meadows





SECRETARY: Mrs S J Meadows





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH





REGISTERED NUMBER: 04757903 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH
Page 1
REDROCK ASSOCIATES INTERNATIONAL LIMITED (REGISTERED NUMBER: 04757903)

Balance Sheet
31st March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 32,369 32,369
32,369 32,369

CURRENT ASSETS
Debtors 6 4,329 9,846
Cash at bank and in hand 293,787 306,736
298,116 316,582
CREDITORS
Amounts falling due within one year 7 85,677 42,771
NET CURRENT ASSETS 212,439 273,811
TOTAL ASSETS LESS CURRENT LIABILITIES 244,808 306,180

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 244,806 306,178
SHAREHOLDERS' FUNDS 244,808 306,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
REDROCK ASSOCIATES INTERNATIONAL LIMITED (REGISTERED NUMBER: 04757903)

Balance Sheet - continued
31st March 2020


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 Board of Directors and authorised for issue on 27th November 2020 and were signed on its behalf by:





Dr N S Meadows - Director


The notes form part of these financial statements

Page 3
REDROCK ASSOCIATES INTERNATIONAL LIMITED (REGISTERED NUMBER: 04757903)

Notes to the Financial Statements
for the year ended 31st March 2020

1. STATUTORY INFORMATION

Redrock Associates International 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Page 4 continued...
REDROCK ASSOCIATES INTERNATIONAL LIMITED (REGISTERED NUMBER: 04757903)

Notes to the Financial Statements - continued
for the year ended 31st March 2020

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transition price, less any impairment. Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to/from related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2019
and 31st March 2020 145 15,271 15,416
DEPRECIATION
At 1st April 2019
and 31st March 2020 145 15,271 15,416
NET BOOK VALUE
At 31st March 2020 - - -
At 31st March 2019 - - -

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2020 2019
£    £   
Investment assets 32,369 32,369

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 4,329 9,846

Page 5 continued...
REDROCK ASSOCIATES INTERNATIONAL LIMITED (REGISTERED NUMBER: 04757903)

Notes to the Financial Statements - continued
for the year ended 31st March 2020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 1,504 3,054
Other creditors 84,173 39,717
85,677 42,771

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £68,500 were paid to the directors .

Included in other creditors is an amount of £83,060 (2019 £38,514) owed to Mr N Meadows, the director of the company.

Page 6