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REGISTERED NUMBER: 08057948 (England and Wales)











REDMUND PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






REDMUND PROPERTIES LTD (REGISTERED NUMBER: 08057948)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


REDMUND PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr R E Redfern
Mrs M Redfern





REGISTERED OFFICE: Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW





REGISTERED NUMBER: 08057948 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

REDMUND PROPERTIES LTD (REGISTERED NUMBER: 08057948)

ABRIDGED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 159 213
Investment property 5 640,000 640,000
640,159 640,213

CURRENT ASSETS
Debtors 1,735 1,522
Cash at bank 282,738 258,614
284,473 260,136
CREDITORS
Amounts falling due within one year 377,744 375,318
NET CURRENT LIABILITIES (93,271 ) (115,182 )
TOTAL ASSETS LESS CURRENT LIABILITIES 546,888 525,031

PROVISIONS FOR LIABILITIES 47,893 47,893
NET ASSETS 498,995 477,138

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (non-distributable) 161,004 161,004
Retained earnings 337,891 316,034
SHAREHOLDERS' FUNDS 498,995 477,138

REDMUND PROPERTIES LTD (REGISTERED NUMBER: 08057948)

ABRIDGED BALANCE SHEET - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 November 2024 and were signed on its behalf by:





Mr R E Redfern - Director


REDMUND PROPERTIES LTD (REGISTERED NUMBER: 08057948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Redmund Properties 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.

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.

Turnover
Turnover represents rental income derived from the investment properties held by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property fixtures, fittings & equipment - 25% on reducing balance
Computer equipment - 33.3% on reducing balance

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 Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 - 2 ) .

REDMUND PROPERTIES LTD (REGISTERED NUMBER: 08057948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 3,037
DEPRECIATION
At 1 June 2023 2,824
Charge for year 54
At 31 May 2024 2,878
NET BOOK VALUE
At 31 May 2024 159
At 31 May 2023 213

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 640,000
NET BOOK VALUE
At 31 May 2024 640,000
At 31 May 2023 640,000

The investment properties are included at the directors' assessment of market value.

£nil has been credited to the Profit and Loss account in respect of fair value adjustments in the year (2023: £15,000).

6. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £340,607 (2023: £340,527) advanced to the company by a director. The loan is interest free and repayable on demand.