Red Oak Developments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06773171 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Red Oak Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms A J Chadwick

O G M Thomas

SECRETARY:

O G M Thomas

REGISTERED OFFICE:

36 Pure Offices

Hatherley Lane

Cheltenham

GL51 6SH

REGISTERED NUMBER:

06773171 (England and Wales)

ACCOUNTANTS:

Rothman Accountancy Services Limited

The Old Butchery

High Street

Twyford, nr Winchester

Hampshire

SO21 INH

FIXED ASSETS

Tangible assets

4

150

277

CURRENT ASSETS

Debtors

5

52,014

47,548

Cash at bank

13,432

1,310,951

65,446

1,358,499

CREDITORS

Amounts falling due within one year

6

1,910

1,259,717

NET CURRENT ASSETS

63,536

98,782

TOTAL ASSETS LESS CURRENT LIABILITIES

63,686

99,059

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

63,684

99,057

SHAREHOLDERS' FUNDS

63,686

99,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2022 and were signed on its behalf by:

Ms A J Chadwick - Director

1.	STATUTORY INFORMATION

Red Oak Developments Ltd 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 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:

Computer Equipment 25% reducing balance

Plant and Machinery 25% reducing balance

Taxation

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

Current taxation assets and liabilities are not discounted.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 3 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

2,899

Disposals

(437

)

At 31 December 2021

2,462

DEPRECIATION

At 1 January 2021

2,622

Charge for year

49

Eliminated on disposal

(359

)

At 31 December 2021

2,312

NET BOOK VALUE

At 31 December 2021

150

At 31 December 2020

277

5.

DEBTORS

31.12.21

31.12.20

£

£

Amounts falling due within one year:

Other debtors

12,014

7,548

Amounts falling due after more than one year:

Other debtors

40,000

40,000

Aggregate amounts

52,014

47,548

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

-

1,469

Trade creditors

590

(753

)

Taxation and social security

-

165

Other creditors

1,320

1,258,836

1,910

1,259,717

7.	FINANCIAL INSTRUMENTS

Debtors and creditors receivable/payable within one year, with no stated interest rate, are recorded at transaction price.

Loans and borrowings are recognised initially at the present value of cash payable to the bank (principal and interest payments). Basic loans are subsequently measured at amortised cost. Other loans are measured at fair value with movements recognised in the profit or loss.