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REGISTERED NUMBER: 07961991 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

RED BLAST INVESTMENTS LTD

RED BLAST INVESTMENTS LTD (REGISTERED NUMBER: 07961991)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 6

RED BLAST INVESTMENTS LTD

Company Information
for the Year Ended 29 February 2024







DIRECTOR: M K Scott





REGISTERED OFFICE: 43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH





REGISTERED NUMBER: 07961991 (England and Wales)





ACCOUNTANTS: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

RED BLAST INVESTMENTS LTD (REGISTERED NUMBER: 07961991)

Abridged Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 906 -
Investment property 5 542,891 542,891
543,797 542,891

CURRENT ASSETS
Debtors 3,013 4,333
Cash at bank and in hand 44,698 78,362
47,711 82,695
CREDITORS
Amounts falling due within one year 417,994 468,251
NET CURRENT LIABILITIES (370,283 ) (385,556 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,514

157,335

PROVISIONS FOR LIABILITIES 172 -
NET ASSETS 173,342 157,335

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 6 31,089 31,089
Retained earnings 142,252 126,245
SHAREHOLDERS' FUNDS 173,342 157,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 BLAST INVESTMENTS LTD (REGISTERED NUMBER: 07961991)

Abridged Balance Sheet - continued
29 February 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 Income Statement and an abridged Balance Sheet for the year ended 29 February 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 director and authorised for issue on 25 October 2024 and were signed by:





M K Scott - Director


RED BLAST INVESTMENTS LTD (REGISTERED NUMBER: 07961991)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Red Blast 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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the going concern basis of accountancy.

Turnover
Turnover represents the value of work carried out during the year, including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 (2023 - 1 ) .

RED BLAST INVESTMENTS LTD (REGISTERED NUMBER: 07961991)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 553
Additions 1,249
At 29 February 2024 1,802
DEPRECIATION
At 1 March 2023 553
Charge for year 343
At 29 February 2024 896
NET BOOK VALUE
At 29 February 2024 906
At 28 February 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 542,891
NET BOOK VALUE
At 29 February 2024 542,891
At 28 February 2023 542,891

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2017 21,089
Valuation in 2022 10,000
Cost 511,802
542,891

Investment property is held at fair value as valued by the director.

6. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 31,089

Accountants' Report to the Director
on the Unaudited Financial Statements of
Red Blast Investments Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Red Blast Investments Ltd for the year ended 29 February 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Red Blast Investments Ltd in accordance with the terms of our engagement letter dated 2 November 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Red Blast Investments Ltd and state those matters that we have agreed to state to the director of Red Blast Investments Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Red Blast Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Red Blast Investments Ltd. You consider that Red Blast Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Red Blast Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


25 October 2024