Redlemons Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04938825 (England and Wales)

Redlemons Ltd

Unaudited Financial Statements

for the Year Ended

31 March 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

N J Defew

Mrs L V Defew

SECRETARY:

N J Defew

REGISTERED OFFICE:

97 Yarmouth Road

Norwich

Norfolk

NR7 0HF

REGISTERED NUMBER:

04938825 (England and Wales)

ACCOUNTANTS:

Haines Watts

8 Hopper Way

Diss

Norfolk

IP22 4GT

FIXED ASSETS

Tangible assets

3

213

284

Investment property

4

1,070,000

1,070,000

1,070,213

1,070,284

CURRENT ASSETS

Debtors

5

7,300

5,800

Cash at bank

1,329

4,317

8,629

10,117

CREDITORS

Amounts falling due within one year

6

(140,656

)

(152,127

)

NET CURRENT LIABILITIES

(132,027

)

(142,010

)

TOTAL ASSETS LESS CURRENT LIABILITIES

938,186

928,274

CREDITORS

Amounts falling due after more than one year

7

(486,313

)

(486,313

)

PROVISIONS FOR LIABILITIES

(38,963

)

(38,963

)

NET ASSETS

412,910

402,998

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

518,598

518,598

Retained earnings

(105,788

)

(115,700

)

412,910

402,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 December 2017 and were signed on its behalf by:

N J Defew - Director

1.	STATUTORY INFORMATION

Redlemons Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2016

and 31 March 2017

3,895

DEPRECIATION

At 1 April 2016

3,611

Charge for year

71

At 31 March 2017

3,682

NET BOOK VALUE

At 31 March 2017

213

At 31 March 2016

284

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

1,159,761

DEPRECIATION

At 1 April 2016

and 31 March 2017

89,761

NET BOOK VALUE

At 31 March 2017

1,070,000

At 31 March 2016

1,070,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

7,300

5,800

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

3,746

2,457

Other creditors

136,910

149,670

140,656

152,127

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

486,313

486,313

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

486,313

486,313

8.

RESERVES

Revaluation

reserve

£

At 1 April 2016

and 31 March 2017

518,598