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REGISTERED NUMBER: 13276913 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Red Deer Properties (North East) Ltd

Red Deer Properties (North East) Ltd (Registered number: 13276913)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Red Deer Properties (North East) Ltd (Registered number: 13276913)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 210,000 210,000

CURRENT ASSETS
Debtors 5 3,000 -
Cash at bank and in hand 3,397 637
6,397 637
CREDITORS
Amounts falling due within one year 6 43,473 193,356
NET CURRENT LIABILITIES (37,076 ) (192,719 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,924

17,281

CREDITORS
Amounts falling due after more than one year 7 (159,519 ) -

PROVISIONS FOR LIABILITIES (2,964 ) (2,964 )
NET ASSETS 10,441 14,317

CAPITAL AND RESERVES
Called up, allotted and fully paid share capital 99 99
Fair value reserve 12,636 12,636
Retained earnings (2,294 ) 1,582
10,441 14,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 applicable to companies subject to the small companies regime.

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 27 November 2023 and were signed on its behalf by:





Mr A Graham - Director


Red Deer Properties (North East) Ltd (Registered number: 13276913)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Red Deer Properties (North East) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13276913

Registered office: C/o Milner Smeaton Ltd Viking House, Fal
Preston Farm
Stockton On Tees
United Kingdom
TS18 3TS

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Red Deer Properties (North East) Ltd (Registered number: 13276913)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 210,000
NET BOOK VALUE
At 28 February 2023 210,000
At 28 February 2022 210,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2022 15,599
Cost 194,401
210,000

Freehold investment properties were valued on an open market basis on 28 February 2022.

These valuations were carried out by the director who, whilst not a qualified surveyor, does have many years experience in the property sector. These valuations are further supported by valuations recently carried out by finance providers for mortgage purposes.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 3,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security - 381
Other creditors 43,473 192,975
43,473 193,356

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 159,519 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 159,519 -

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 159,519 -

The debts are secured with a fixed and floating charge over the assets of the company.

Red Deer Properties (North East) Ltd (Registered number: 13276913)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors were advanced £3,000 (2022: £nil).