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REGISTERED NUMBER: 10514698 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Red Dot Investments Ltd

Red Dot Investments Ltd (Registered number: 10514698)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Red Dot Investments Ltd

Company Information
for the Year Ended 31 December 2023







Directors: T J Grindall
J G Grindall





Registered office: 85 Church Road
Hove
East Sussex
BN2 2BB





Registered number: 10514698 (England and Wales)





Accountants: Wilson Sandford Limited
Chartered accountants
85 Church Road
Hove
East Sussex
BN3 2BB

Red Dot Investments Ltd (Registered number: 10514698)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible fixed assets 4 119,756 119,116
Investment property 5 3,025,000 3,025,000
3,144,756 3,144,116

Current assets
Stocks 12,355 12,355
Debtors 6 370,830 371,994
Investments 7 50 1,050
Cash at bank 3,065 11,043
386,300 396,442
Creditors
Amounts falling due within one year 8 634,943 1,593,441
Net current liabilities (248,643 ) (1,196,999 )
Total assets less current liabilities 2,896,113 1,947,117

Creditors
Amounts falling due after more than one
year

9

(2,009,879

)

(969,118

)

Provisions for liabilities (191,524 ) (210,954 )
Net assets 694,710 767,045

Capital and reserves
Called up share capital 11 100 100
Fair value reserve 921,112 901,681
Retained earnings (226,502 ) (134,736 )
Shareholders' funds 694,710 767,045

Red Dot Investments Ltd (Registered number: 10514698)

Balance Sheet - continued
31 December 2023


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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





J G Grindall - Director


Red Dot Investments Ltd (Registered number: 10514698)

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

1. Statutory information

Red Dot 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 in Pound Sterling (£) and rounding is to the nearest (£).

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 and represents amounts receivable for services rendered, stated net of discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Plant and machinery - 20% straight line
Motor vehicles - 20% reducing balance
Computer equipment - 25% straight line

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued at its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Stocks
Work-in-progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing work-in-progress to its present location and condition.


Red Dot Investments Ltd (Registered number: 10514698)

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

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

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

Red Dot Investments Ltd (Registered number: 10514698)

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

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2023 139,484 26,144 937 166,565
Additions 20,000 - - 20,000
At 31 December 2023 159,484 26,144 937 186,565
Depreciation
At 1 January 2023 29,903 17,431 115 47,449
Charge for year 17,383 1,743 234 19,360
At 31 December 2023 47,286 19,174 349 66,809
Net book value
At 31 December 2023 112,198 6,970 588 119,756
At 31 December 2022 109,581 8,713 822 119,116

5. Investment property
Total
£   
Cost
At 1 January 2023
and 31 December 2023 3,025,000
Net book value
At 31 December 2023 3,025,000
At 31 December 2022 3,025,000

The investment property fair value of £3,025,000 (2022 - £3,025,000) was determined by the directors based on the open market value of similar properties in the area.

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 53,028 46,332
Other debtors 317,802 325,662
370,830 371,994

Red Dot Investments Ltd (Registered number: 10514698)

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

7. Current asset investments
2023 2022
£    £   
Shares in group undertakings 50 1,050

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 54,130 35,781
Hire purchase contracts 15,650 12,791
Trade creditors 94,789 91,327
Taxation and social security 9,056 12,364
Other creditors 461,318 1,441,178
634,943 1,593,441

9. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 950,440 909,935
Hire purchase contracts 59,439 59,183
Other creditors 1,000,000 -
2,009,879 969,118

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5yrs by instalments 742,332 772,708

10. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,004,570 945,716
Hire purchase contracts 75,089 71,974
1,079,659 1,017,690

Mortgages are secured with a floating charge against the properties to which they relate.
Hire purchase contracts are secured against the assets to which they relate.

Red Dot Investments Ltd (Registered number: 10514698)

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

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. Related party disclosures

Within creditors is £1,416,521 (2022 - £1,409,283) owed to the directors.