Redwood Invercarse (Holdings) Limited Filleted accounts for Companies House (small and micro)

REDWOOD INVERCARSE (HOLDINGS) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: SC455538

Redwood Invercarse (Holdings) Limited

Filleted Abridged Financial Statements

31 August 2023

Redwood Invercarse (Holdings) Limited

Directors' Responsibilities Statement

Year ended 31 August 2023

The directors are responsible for preparing the directors' report and the abridged financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare abridged financial statements for each financial year. Under that law the directors have elected to prepare the abridged financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the abridged financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these abridged financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the abridged financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the abridged financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Redwood Invercarse (Holdings) Limited

Abridged Statement of Financial Position

31 August 2023

	2023	2022
Note	£	£

Fixed assets

Investments	4	516	516

Current assets

Debtors	37,239	37,578

Creditors: amounts falling due within one year	37,239	37,578
	----	----
Total assets less current liabilities	516	516
	----	----

Capital and reserves

Called up share capital	5	516	516
		----	----
Shareholders funds		516	516
		----	----

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 19 April 2024 , and are signed on behalf of the board by:

Mr Paul Brownlie	Mr Sean Burke
Director	Director

Company registration number: SC455538

Redwood Invercarse (Holdings) Limited

Notes to the Abridged Financial Statements

Year ended 31 August 2023

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Stannergate House, 41 Dundee Road West, Broughty Ferry, Dundee, Scotland, DD5 1NB. The trading address of the company is 371 Perth Road, Dundee, DD2 1PG.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Going concern The directors have assessed that the company has adequate resources to meet the ongoing costs of the business for the foreseeable future. For this reason, the company continues to adopt the going concern basis in preparing these financial statements.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Invercarse Hotel Ltd which can be obtained from Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ . As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.

Consolidation

The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Investments

	£
Cost
At 1 September 2022 and 31 August 2023	516
	----
Impairment
At 1 September 2022 and 31 August 2023	–
	----
Carrying amount
At 31 August 2023	516
	----
At 31 August 2022	516
	----

5. Called up share capital

Issued, called up and fully paid

	2023		2022
	No.	£	No.	£
Ordinary shares of £ 0.01 each	51,600	516	51,600	516
	--------	----	--------	----

6. Summary audit opinion

The auditor's report dated 19 April 2024 was unqualified .

The senior statutory auditor was Karen Henderson, MCIBS, BA(Hons), CA , for and on behalf of FourM Limited .

7. Controlling party

The company was under the control of its parent company Invercarse Hotel Ltd a company incorporated in Scotland and whose registered office is Stannergate House, 41 Dundee Road West, Broughty Ferry, Dundee, Scotland, DD5 1NB.