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REGISTERED NUMBER: 12242398 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

RED ROSE PROPERTY INVESTMENTS LTD

RED ROSE PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12242398)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RED ROSE PROPERTY INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: R Yunis
R Yunis





SECRETARY: R Yunis





REGISTERED OFFICE: 2 Hazel Oak Road
Shirley
Birmingham
West Midlands
B90 2AZ





REGISTERED NUMBER: 12242398 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

RED ROSE PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12242398)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 350,000 350,000

CURRENT ASSETS
Debtors 5 41,004 46,004
Cash at bank 6,108 4,626
47,112 50,630
CREDITORS
Amounts falling due within one year 6 16,202 17,958
NET CURRENT ASSETS 30,910 32,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,910

382,672

CREDITORS
Amounts falling due after more than one year 7 (309,846 ) (319,846 )

PROVISIONS FOR LIABILITIES (7,922 ) (7,923 )
NET ASSETS 63,142 54,903

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve 8 33,779 33,779
Retained earnings 29,359 21,120
63,142 54,903

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 ROSE PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12242398)

BALANCE SHEET - continued
31 OCTOBER 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 6 September 2024 and were signed on its behalf by:





R Yunis - Director


RED ROSE PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12242398)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Red Rose Property Investments Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).


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 net of Vat and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the tenants tenancy agreement is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by the properties completion statement.

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 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 2 (2022 - 2 ) .

RED ROSE PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12242398)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 350,000
NET BOOK VALUE
At 31 October 2023 350,000
At 31 October 2022 350,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by participating interests 41,000 46,000
Other debtors 4 4
41,004 46,004

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,088 2,282
Taxation and social security 3,932 4,554
Other creditors 11,182 11,122
16,202 17,958

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 240,367 240,367
Other creditors 69,479 79,479
309,846 319,846

8. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 33,779