Redchurch Equity Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09216520 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

REDCHURCH EQUITY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Durrant

E A Robinson

Mrs A K Robinson

SECRETARY:

REGISTERED OFFICE:

Unit 10 The Bramery

Alstone Lane

Cheltenham

Gloucestershire

GL51 8HE

REGISTERED NUMBER:

09216520 (England and Wales)

ACCOUNTANTS:

Devereux & Co

3 Court Mews

268 London Road

Charlton Kings

Cheltenham

Gloucestershire

GL52 6HS

FIXED ASSETS

Tangible assets

4

5,297,938

4,936,418

CURRENT ASSETS

Debtors

5

(401,669

)

689,639

Cash at bank and in hand

96,455

25,043

(305,214

)

714,682

CREDITORS

Amounts falling due within one year

6

3,925,916

4,670,571

NET CURRENT LIABILITIES

(4,231,130

)

(3,955,889

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,066,808

980,529

CREDITORS

Amounts falling due after more than one year

7

512,090

538,775

NET ASSETS

554,718

441,754

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

554,618

441,654

SHAREHOLDERS' FUNDS

554,718

441,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 17 December 2022 and were signed on its behalf by:

M Durrant - Director

E A Robinson - Director

1.	STATUTORY INFORMATION

Redchurch Equity 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 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.

Land and buildings

-

not provided

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 October 2021

4,936,418

Additions

361,520

At 30 September 2022

5,297,938

NET BOOK VALUE

At 30 September 2022

5,297,938

At 30 September 2021

4,936,418

Included in cost of land and buildings is freehold land of £ 4,870,800 (2021 - £ 4,870,800 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

33,855

13,208

Other debtors

(435,524

)

676,431

(401,669

)

689,639

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

26,345

26,004

Trade creditors

33,607

38,128

Taxation and social security

45,135

26,249

Other creditors

3,820,829

4,580,190

3,925,916

4,670,571

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

512,090

538,775

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

416,577

437,246

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

538,435

564,779

The bank loans are secured by a fixed and floating charge over the company's freehold properties.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M Durrant.