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REGISTERED NUMBER: 03890445 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Red House Park (No.2) Limited

Red House Park (No.2) Limited (Registered number: 03890445)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Red House Park (No.2) Limited

Company Information
for the year ended 31 May 2023







DIRECTORS: Mrs R Thornton
M J Chamberlain
Mrs K J Thomas





REGISTERED OFFICE: Pacioli House
9 Brookfield, Duncan Close
Moulton Park
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 03890445 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Red House Park (No.2) Limited (Registered number: 03890445)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 5 2,703 2,063
Cash at bank 23,669 22,826
26,372 24,889
CREDITORS
Amounts falling due within one year 6 1,261 1,203
NET CURRENT ASSETS 25,111 23,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,112

23,687

PROVISIONS FOR LIABILITIES 8 19,159 18,159
NET ASSETS 5,953 5,528

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,853 5,428
SHAREHOLDERS' FUNDS 5,953 5,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 30 January 2024 and were signed on its behalf by:




Mrs R Thornton - Director


Red House Park (No.2) Limited (Registered number: 03890445)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Red House Park (No.2) 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. The principal place of business is at the freehold land situated in front of the registered office.

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 accounts have been prepared on a going concern basis as the company has the support of its shareholders who own the units that generate the contributions.

The financial statements are presented in Sterling (£) and cover the period to 31st May each year.

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

Turnover represents contributions receivable from unit occupiers.

Tangible fixed assets
The company's sole tangible fixed asset is freehold land which has not been depreciated.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at undiscounted cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at undiscounted cost.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 June 2022
and 31 May 2023 1
NET BOOK VALUE
At 31 May 2023 1
At 31 May 2022 1

Red House Park (No.2) Limited (Registered number: 03890445)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,440 1,800
Prepayments 263 263
2,703 2,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accrued expenses 1,261 1,203

7. FINANCIAL INSTRUMENTS

The company does not have significant exposure to foreign currency, liquidity, cash flow and interest rate risks due to the nature of its trade.

The exposure to credit risk is limited as there is a legal requirement of the unit freeholds to make contributions to the company.

The company holds no derivative financial instruments at either year end.

8. PROVISIONS FOR LIABILITIES

Maintenance
provision
£
Balance at 1st June, 202218,159
Provided during year1,000
Balance at 31st May, 202319,159

The provision in these financial statements relates to the ongoing maintenance fund for the common areas of the freehold land.

9. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st May, 2023 or 31st May, 2022.

10. RELATED PARTY DISCLOSURES

The nature of the company is such that all turnover is due from owners holding a participating interest. All material related party transactions with owners holding a participating interest and directors, were concluded under normal market conditions.

11. ULTIMATE CONTROLLING PARTY

The company is not under the control of any single shareholder.