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REGISTERED NUMBER: 13014202 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Red Diamond Developments Limited

Red Diamond Developments Limited (Registered number: 13014202)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Red Diamond Developments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: N Revill
Mrs J C Revill





REGISTERED OFFICE: 52a Watergate Street
Chester
Cheshire
CH1 2LA





REGISTERED NUMBER: 13014202 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Red Diamond Developments Limited (Registered number: 13014202)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 493,365 488,541

CURRENT ASSETS
Debtors 5 1,079 126,137
Cash at bank 45,194 18,591
46,273 144,728
CREDITORS
Amounts falling due within one year 6 525,871 619,356
NET CURRENT LIABILITIES (479,598 ) (474,628 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,767

13,913

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 12,767 12,913
SHAREHOLDERS' FUNDS 13,767 13,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





Mrs J C Revill - Director


Red Diamond Developments Limited (Registered number: 13014202)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Red Diamond Developments 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 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.

The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

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 tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 488,541
Additions 4,824
At 30 November 2023 493,365
NET BOOK VALUE
At 30 November 2023 493,365
At 30 November 2022 488,541

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 1,079 126,137

Red Diamond Developments Limited (Registered number: 13014202)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts - 576,386
Taxation and social security 2,338 42,970
Other creditors 523,533 -
525,871 619,356

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1,000 Share capital 1 £1 1,000 1,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 November 2023 the Directors of the company owed the company £nil (2022 - £112,780) in respect of an interest free loan, which is repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year ended 30 November 2022, the company sold freehold property to a a pension fund, of which the Directors of the company are beneficiaries. The sale was made at open market value.