ACCOUNTS - Final Accounts preparation

RED LION HOLDINGS 3 LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-01-312022-01-31truefalse0false0Holding company2021-02-01 13121927 2021-01-31 13121927 2021-02-01 2022-01-31 13121927 2019-12-27 2021-01-07 13121927 2022-01-31 13121927 1 2021-02-01 2022-01-31 13121927 d:Director4 2021-02-01 2022-01-31 13121927 c:CurrentFinancialInstruments 2022-01-31 13121927 c:CurrentFinancialInstruments c:WithinOneYear 2022-01-31 13121927 c:ShareCapital 2022-01-31 13121927 c:RetainedEarningsAccumulatedLosses 2022-01-31 13121927 d:OrdinaryShareClass1 2021-02-01 2022-01-31 13121927 d:OrdinaryShareClass1 2022-01-31 13121927 d:FRS102 2021-02-01 2022-01-31 13121927 d:Audited 2021-02-01 2022-01-31 13121927 d:FullAccounts 2021-02-01 2022-01-31 13121927 d:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 13121927 c:Subsidiary1 2021-02-01 2022-01-31 13121927 c:Subsidiary1 1 2021-02-01 2022-01-31 13121927 d:SmallCompaniesRegimeForAccounts 2021-02-01 2022-01-31 13121927 6 2021-02-01 2022-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13121927

RED LION HOLDINGS 3 LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2022

RED LION HOLDINGS 3 LIMITED

REGISTERED NUMBER: 13121927

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2022

		2022
Note		£

Fixed assets
Investments	4		2,033,184
			2,033,184
Current assets
Debtors: amounts falling due within one year	5	3,535,089
		3,535,089
Creditors: amounts falling due within one year	6	(5,598,449)
Net current (liabilities)/assets			(2,063,360)
Total assets less current liabilities			(30,176)

Net (liabilities)/assets			(30,176)

Capital and reserves
Called up share capital	7	-
Profit and loss account		(30,176)
		(30,176)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 November 2023.

David John Altern Ramsey

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

RED LION HOLDINGS 3 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2022

1.	General information

Red Lion Holdings 3 Limited is a private company limited by shares incorporated in England and Wales. The registered office address is The Wool Barn, Peper Harow, Godalming, England, GU8 6BQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

The directors have prepared cash flow forecasts for the group covering a period extending beyond 12 months from the date of approval of these financial statements that demonstrate the sufficient availability of funds to continue on in business and meeting its liabilities as they fall due. For these reasons, the directors believe it is appropriate to prepare the financial statements on a going concern basis.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable 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.

2.6

Creditors

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

2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 2

RED LION HOLDINGS 3 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2022

2.Accounting policies (continued)

2.7

Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 3

RED LION HOLDINGS 3 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2022

Employees

The average monthly number of employees during the period was 0.

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	2,033,184
	At 31 January 2022	2,033,184

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

Grosvenor Pubs Trading Limited

The Wool Barn, Peper Harow, Godalming, England, GU8 6BQ

Ordinary

100%

Debtors

					2022
					£


	Amounts owed by group undertakings	3,535,089
		3,535,089

6.	Creditors: Amounts falling due within one year
		2022
		£

	Amounts owed to group undertakings	3,565,265
	Other creditors	2,033,184
		5,598,449

Page 4

RED LION HOLDINGS 3 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2022

7.	Share capital
		2022
		£

		Allotted, called up and fully paid

		1 Ordinary share of £0.01	-

On incorporation 1 ordinary share of £0.01 was issued at par.

8.	Related party transactions
	The company has taken advantage of the exemption available under FRS 102 not to disclose transactions with wholly owned group members.

9.	Post balance sheet events

On 29 December 2022 the group entered into further funding arrangements under which the company became party to a fixed and floating charge over its assets in respect of group borrowings.

10.	Controlling party

The Company’s immediate and ultimate parent entity is Red Lion Holdings LLP, a limited liability
partnership incorporated in England and Wales. The registered office address of Red Lion Holdings LLP
is The Wool Barn, Peper Harow, Godalming, Surrey, GU8 6BQ. The smallest and largest group of which
the Company is a member and for which group accounts are prepared is Red Lion Holdings LLP. Copies
of these accounts are available from Companies House.
It is the opinion of the directors that there is no single controlling party of the company.

11.	Auditor's information

The auditor's report on the financial statements for the period ended 31 January 2022 was unqualified.

The audit report was signed on 10 November 2023 by Emma Bernardez (Senior Statutory Auditor) on behalf of Haysmacintyre LLP.

Page 5