South Redhouse Ltd - Accounts to registrar (filleted) - small 22.3

South Redhouse Ltd - Accounts to registrar (filleted) - small 22.3

SOUTH REDHOUSE LTD - Company Information

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REGISTERED NUMBER: SC512363 (Scotland)




















South Redhouse Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2022





Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT








South Redhouse Ltd (Registered number: SC512363)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

South Redhouse Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTOR: G S Mackie





REGISTERED OFFICE: 6 Castle Street
Edinburgh
EH2 3AT





REGISTERED NUMBER: SC512363 (Scotland)





ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT
Page 1
South Redhouse Ltd (Registered number: SC512363)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,250 65,250

CURRENT ASSETS
Debtors 5 333,364 365,213
Cash at bank 943 6,174
334,307 371,387
CREDITORS
Amounts falling due within one year 6 305,508 355,567
NET CURRENT ASSETS 28,799 15,820
TOTAL ASSETS LESS CURRENT
LIABILITIES
82,049
81,070

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 81,949 80,970
SHAREHOLDERS' FUNDS 82,049 81,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 notes form part of these financial statements

Page 2 continued...
South Redhouse Ltd (Registered number: SC512363)

Balance Sheet - continued
31 March 2022


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 director and authorised for issue on 29 September 2022 and were signed by:





G S Mackie - Director


The notes form part of these financial statements

Page 3
South Redhouse Ltd (Registered number: SC512363)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

South Redhouse Ltd is a private company, limited by shares , registered in Scotland. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Nil

No depreciation is charged whilst the asset is still under construction.

Taxation
Taxation for the year comprises current and deferred 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 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...
South Redhouse Ltd (Registered number: SC512363)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Going concern
The financial statements have been prepared on a going concern basis. The director's going concern assessment includes the expected impact of COVID-19 to the company for a period of at least 12 months from the date of signing of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2021 65,250
Disposals (12,000 )
At 31 March 2022 53,250
NET BOOK VALUE
At 31 March 2022 53,250
At 31 March 2021 65,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 333,364 321,364
Other debtors - 43,849
333,364 365,213

Page 5 continued...
South Redhouse Ltd (Registered number: SC512363)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 295,600 345,599
Taxation and social security 9,608 9,668
Other creditors 300 300
305,508 355,567

Page 6
South Redhouse Ltd

Report of the Accountants to the Director of
South Redhouse Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2022 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT


29 September 2022

This page does not form part of the statutory financial statements

Page 7