Redab Limited - Accounts to registrar (filleted) - small 23.1.2
Redab Limited - Accounts to registrar (filleted) - small 23.1.2
REGISTERED NUMBER: |
REDAB LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2022 |
REDAB LIMITED (REGISTERED NUMBER: 02333930) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 NOVEMBER 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Report of the Accountants | 8 |
REDAB LIMITED |
COMPANY INFORMATION |
for the Year Ended 30 NOVEMBER 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
167 Turners Hill |
Cheshunt |
Hertfordshire |
EN8 9BH |
REDAB LIMITED (REGISTERED NUMBER: 02333930) |
ABRIDGED BALANCE SHEET |
30 NOVEMBER 2022 |
30.11.22 | 30.11.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 7 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
REDAB LIMITED (REGISTERED NUMBER: 02333930) |
ABRIDGED BALANCE SHEET - continued |
30 NOVEMBER 2022 |
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 |
REDAB LIMITED (REGISTERED NUMBER: 02333930) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 NOVEMBER 2022 |
1. | STATUTORY INFORMATION |
Redab Limited is a private company , 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 |
Preparation of consolidated financial statements |
The financial statements contain information about Redab Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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. |
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 a rate calculated to write off the fixed assets over their useful lives to the company. |
Plant & Machinery - 20% reducing balance |
Fixtures & Fittings - 20% reducing balance |
Investments in subsidiaries |
Subsidiaries are included at their net Balance sheet values. |
Investment property |
investment property is shown at an open market valuation. Any aggregate surplus or deficit arising from change in the open market value are transfered to a revaluation reserve. |
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. |
REDAB LIMITED (REGISTERED NUMBER: 02333930) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 NOVEMBER 2022 |
2. | ACCOUNTING POLICIES - continued |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2021 |
and 30 November 2022 |
DEPRECIATION |
At 1 December 2021 |
and 30 November 2022 |
NET BOOK VALUE |
At 30 November 2022 |
At 30 November 2021 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST OR VALUATION |
At 1 December 2021 | 3,092,698 |
Revaluations | (14,444 | ) |
At 30 November 2022 | 3,078,254 |
NET BOOK VALUE |
At 30 November 2022 | 3,078,254 |
At 30 November 2021 | 3,092,698 |
REDAB LIMITED (REGISTERED NUMBER: 02333930) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 NOVEMBER 2022 |
5. | FIXED ASSET INVESTMENTS - continued |
Cost or valuation at 30 November 2022 is represented by: |
Totals |
£ |
Valuation in 2013 | 2,083,294 |
Valuation in 2014 | 669,537 |
Valuation in 2015 | 290,280 |
Valuation in 2016 | (172,452 | ) |
Valuation in 2017 | (168,210 | ) |
Valuation in 2018 | (943,333 | ) |
Valuation in 2019 | 249,011 |
Valuation in 2020 | (9,736 | ) |
Valuation in 2020 | (19,898 | ) |
Valuation in 2022 | (14,444 | ) |
Cost | 1,114,205 |
3,078,254 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 December 2021 |
Revaluations | (41,750 | ) |
At 30 November 2022 |
NET BOOK VALUE |
At 30 November 2022 |
At 30 November 2021 |
Fair value at 30 November 2022 is represented by: |
£ |
Valuation in 2008 | 265,883 |
Valuation in 2010 | 83,122 |
Valuation in 2011 | 125,000 |
Valuation in 2012 | (15,000 | ) |
Valuation in 2014 | (39,500 | ) |
Valuation in 2015 | (60,500 | ) |
Valuation in 2016 | 40,684 |
Valuation in 2020 | 272,634 |
Valuation in 2021 | 257,900 |
Valuation in 2022 | (41,750 | ) |
Cost | 135,995 |
1,024,468 |
REDAB LIMITED (REGISTERED NUMBER: 02333930) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 NOVEMBER 2022 |
6. | INVESTMENT PROPERTY - continued |
If investment property had not been revalued it would have been included at the following historical cost: |
30.11.22 | 30.11.21 |
£ | £ |
Cost | 135,995 | 135,995 |
Investment property was valued on open market value basis on 30 November 2021 by the Directors of the company . |
7. | RESERVES |
Revaluation |
reserve |
£ |
At 1 December 2021 |
Revaluation of Property | (41,750 | ) |
Revaluation of subsidiaries | (14,444 | ) |
Revaluation profit share | 20,875 |
At 30 November 2022 |
8. | CONTINGENT LIABILITIES |
The company have given an undertaking to provide financial support to Wrethagen Morast Producktion & Tecnik AB, for any future losses that might arise. |
The directors expect the company to make profits in the foreseeable future. |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The directors have had current accounts in credit throughout the period. The closing balances are disclosed in Note 8. |
Interest has been accrued on these directors current accounts of £nil. Accumulated interest within accruals is £222,949 (2021 -£224,949). |
10. | ULTIMATE CONTROLLING PARTY |
The Ultimate controlling party is J C Ensink |
11. | DEFERRED TAXATION |
There is a contingent asset for corporation tax losses of £112,775 (2021 - £106,887) |
There is a contingent liability on the revaluation of investment property of £134,794 (2021 - £141,056) |
These have not been provided in the accounts as there is no expectation of a corporation tax liability arising. |
REDAB LIMITED |
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
REDAB LIMITED |
The following reproduces the text of the report prepared for the directors 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 Abridged Income Statement and certain other primary statements and the Report of the Directors 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 30 November 2022 set out on page 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. |
Chartered Accountants |
167 Turners Hill |
Cheshunt |
Hertfordshire |
EN8 9BH |
Date: ............................................. |