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REGISTERED NUMBER: 05677323 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Red Hen Property Limited

Red Hen Property Limited (Registered number: 05677323)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Red Hen Property Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: C S Daw
Mrs H E Daw





REGISTERED OFFICE: 14 Fisher's Lane
Orwell
Royston
Hertfordshire
SG8 5QX





REGISTERED NUMBER: 05677323 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Red Hen Property Limited (Registered number: 05677323)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230,247 176,329

CURRENT ASSETS
Debtors 2,208 2,905
Cash at bank 4,508 3,014
6,716 5,919
CREDITORS
Amounts falling due within one year 6,179 6,416
NET CURRENT ASSETS/(LIABILITIES) 537 (497 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,784

175,832

CREDITORS
Amounts falling due after more than one
year

5

(180,870

)

(185,886

)

PROVISIONS FOR LIABILITIES (13,479 ) -
NET ASSETS/(LIABILITIES) 36,435 (10,054 )

CAPITAL AND RESERVES
Called up share capital 6 2 2
Non distributable reserves 53,917 -
Retained earnings (17,484 ) (10,056 )
SHAREHOLDERS' FUNDS 36,435 (10,054 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Red Hen Property Limited (Registered number: 05677323)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 April 2024 and were signed on its behalf by:





Mrs H E Daw - Director


Red Hen Property Limited (Registered number: 05677323)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Red Hen Property 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 as modified by the revaluation of certain assets.

The company has net current assets at 31 January 2024 of £537 (2023: net current liabilities of £497) and has net assets at 31 January 2024 of £36,435 (2023: net liabilities of £10,054) The directors have confirmed that the company will continue to be provided with financial support by the directors and shareholders. The directors envisage, therefore, that the company shall continue to trade as a going concern for the period of at least one year and one day from the balance sheet date. In light of this support, the financial statements have been prepared on a going concern basis.

Should the company be unable to continue trading, adjustments would have to be made to adjust the value of the assets to their recoverable amount, and to provide for any further liabilities which might arise.

Turnover
Turnover represents net invoiced rents, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold investment property - not provided

Investment property is included in the accounts at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of the investment properties. Under FRS102 the valuation is under the fair value provisions of the Companies Act 2006 and therefore there is no departure from the requirements of the Companies Act 2006.

The director considers that the fair value of the investment property is not materially different to the cost and therefore no adjustment has been made to the carrying value in the accounts.

Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

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.


Red Hen Property Limited (Registered number: 05677323)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 February 2023 176,329
Revaluations 53,918
At 31 January 2024 230,247
NET BOOK VALUE
At 31 January 2024 230,247
At 31 January 2023 176,329

The properties have been revalued in the year to ensure that they are included in the accounts at their fair value.

Cost or valuation at 31 January 2024 is represented by:

Totals
£   
Valuation in 2024 53,918
Cost 176,329
230,247

Red Hen Property Limited (Registered number: 05677323)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

31.1.2431.1.22
££

Amounts falling due to related party between one and five years20,27620,193

Amounts falling due in more than 5 years:

Amounts due to related party in more than five years30,59435,693

Directors loan 130,000130,000

180,870185,886

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary shares £1 2 2