T C W Redgate Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06733946 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

T C W Redgate Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T C W Redgate

REGISTERED OFFICE:

c/o Rothera Sharp Solicitors

2 Kayes Walk

The Lace Market

Nottingham

NG1 1PZ

REGISTERED NUMBER:

06733946 (England and Wales)

ACCOUNTANTS:

Franklin Underwood

1 Pinnacle Way

Pride Park

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Intangible assets

4

91,666

101,666

CURRENT ASSETS

Debtors

5

100,387

87,069

Cash at bank

1,060

852

101,447

87,921

CREDITORS

Amounts falling due within one year

6

74,699

94,836

NET CURRENT ASSETS/(LIABILITIES)

26,748

(6,915

)

TOTAL ASSETS LESS CURRENT LIABILITIES

118,414

94,751

CREDITORS

Amounts falling due after more than one year

7

65,000

65,000

NET ASSETS

53,414

29,751

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

53,413

29,750

SHAREHOLDERS' FUNDS

53,414

29,751

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 1 February 2018 and were signed by:

Mr T C W Redgate - Director

1.	STATUTORY INFORMATION

T C W Redgate 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 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 represents the company's share of the profits of the partnership Rothera Sharp Solicitors.

Goodwill

Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their

estimated useful economic lives as follows:

Goodwill - twenty years

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2016

and 31 May 2017

200,000

AMORTISATION

At 1 June 2016

98,334

Amortisation for year

10,000

At 31 May 2017

108,334

NET BOOK VALUE

At 31 May 2017

91,666

At 31 May 2016

101,666

Goodwill arose on the purchase of the company's share in Rothera Sharp Solicitors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Due from Rothera Sharp

100,387

87,069

Other than as stated under directors loan account above, none of the above amounts related to amounts due from

the director or shareholder of the company either directly or indirectly.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

10,717

10,251

Directors' current accounts

63,268

83,889

Accruals and deferred income

714

696

74,699

94,836

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

65,000

65,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary

£1

1

1

9.	FIRST YEAR ADOPTION

These financial statements for the year ended 31 May 2017 are the first financial statements that comply with

Financial Reporting Standard 102 Section 1A "Small Entities." The date of transition 1 April 2015. The

transition to Financial Reporting Standard 102 Section 1A "Small Entities" has resulted in no changes in the

amounts stated in these accounts to those stated previously.