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REGISTERED NUMBER: 10881431 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

Red Homes Properties Limited

Red Homes Properties Limited (Registered number: 10881431)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Red Homes Properties Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: R G Daniel
Ms H E Daniel





REGISTERED OFFICE: 1st Floor 28 Market Place
Grantham
United Kingdom
Lincolnshire
NG31 6LR





REGISTERED NUMBER: 10881431 (England and Wales)





ACCOUNTANTS: Hood Parkes & Co
1st Floor
28 Market Place
Grantham
Lincolnshire
NG31 6LR

Red Homes Properties Limited (Registered number: 10881431)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 510,000 510,000

CURRENT ASSETS
Debtors 5 833 833
Cash at bank 1,826 589
2,659 1,422
CREDITORS
Amounts falling due within one year 6 2,722 1,787
NET CURRENT LIABILITIES (63 ) (365 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

509,937

509,635

CREDITORS
Amounts falling due after more than one
year

7

510,000

510,000
NET LIABILITIES (63 ) (365 )

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings (162 ) (464 )
SHAREHOLDERS' FUNDS (63 ) (365 )

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

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

Red Homes Properties Limited (Registered number: 10881431)

Balance Sheet - continued
31st December 2023


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 2nd September 2024 and were signed on its behalf by:





R G Daniel - Director


Red Homes Properties Limited (Registered number: 10881431)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Red Homes Properties 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 1 (2022 - 1 ) .

Red Homes Properties Limited (Registered number: 10881431)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st January 2023
and 31st December 2023 510,000
NET BOOK VALUE
At 31st December 2023 510,000
At 31st December 2022 510,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 833 833

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 2,722 1,787

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 510,000 510,000

8. RELATED PARTY DISCLOSURES

The balance on the loan account of £510,000 is owed to Red Roofs Midlands Limited, a company in which R G Daniel and H E Daniel are directors and shareholders.No repayment date has been agreed. During the year under review the company has paid loan interest of £5,000 (2022: £5,000) to Red Roofs Midlands Limited.