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Company registration number: 02933894
Red 22 Properties Ltd
Unaudited filleted financial statements
31 May 2023
Red 22 Properties Ltd
Contents
Directors and other information
Statement of financial position and notes to the financial statements
Red 22 Properties Ltd
Directors and other information
Director Miss B Martin
Company number 02933894
Registered office c/o The Invicta Hotel
11-12 Osborne Place
Lockyer Street
Plymouth
PL1 2PU
Accountants Wills Accountants Ltd
2 Endeavour House
Parkway Court
Longbridge Road
Plymouth
PL6 8LR
Bankers Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB
Red 22 Properties Ltd
Statement of financial position
31 May 2023
2023 2022
£ £ £ £
Fixed assets 203,262 129,353
_______ _______
Current assets 1,343 116,628
Prepayments and accrued income 508 546
_______ _______
1,851 117,174
Creditors: amounts falling due within one year ( 72,323) ( 120,358)
_______ _______
Net current liabilities ( 70,472) ( 3,184)
_______ _______
Total assets less current liabilities 132,790 126,169
Accruals and deferred income ( 38,279) ( 45,905)
_______ _______
Net assets 94,511 80,264
_______ _______
Capital and reserves 94,511 80,264
_______ _______
Notes to the financial statements
Red 22 Properties Ltd
Year ended 31 May 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
2. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Miss B Martin ( 116,124) ( 7,248) 54,837 ( 68,535)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Miss B Martin ( 119,626) ( 11,498) 15,000 ( 116,124)
_______ _______ _______ _______
The loan is unsecured and repayable on demand.
3. Going Concern
The company has negative current liabilities. The company is therefore reliant upon the continued financial support of its directors in order to continue operations. The directors have indicated their willingness to provide financial support to ensure that the company has sufficient resources to meet third parties debts as they fall due. Accordingly the accounts have been prepared on a going concern basis.
If the support of the directors were withdrawn, then the going concern basis may not be acceptable. Adjustments may then have to be made to adjust the value of the assets to their recoverable amounts, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term loans as current assets and current liabilities.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 09 February 2024 , and are signed on behalf of the board by:
Miss B Martin
Director
Company registration number: 02933894
The company is a private company limited by shares, registered in England and Wales.