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Company Registration No. 13336452 (England and Wales)
RED5 RENOVATIONS LIMITED
Financial Statements
for the Period from 01 May 2023 to 30 April 2024

RED5 RENOVATIONS LIMITED

Financial Statements for the period ending 30 April 2024

RED5 RENOVATIONS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

1. Statutory Information
RED5 RENOVATIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13336452.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Income represents amounts receivable for rental income net of VAT.

RED5 RENOVATIONS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

Tangible Fixed Asset Policy
Plant and machinery are held at cost within the financial statements in the year of purchase. Plant and machinery will be subsequently measured at cost minus deprecation at 25% on a straight line basis over 4 years after the first year of purchase.

RED5 RENOVATIONS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

Deferred Tax
Deferred tax is relating to investment property which is measured at fair value in accordance with Section 16 Investment Property of FRS 102 and calculated using the tax rates and allowances that apply to sale of the asset.

RED5 RENOVATIONS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 0
2023 0
4. Principal Activity
Other letting and operating of own or leased real estate.

RED5 RENOVATIONS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

5. Fixed Assets
Plant and Machinery Total
Cost or valuation £ £
At 01/05/2023 2,480 2,480
Additions 249 249
At 30/04/2024 2,729 2,729
Depreciation
At 01/05/2023 - -
Charge for the year 620 620
At 30/04/2024 620 620
Net Book Value
At 30/04/2024 2,109 2,109
At 30/04/2023 2,480 2,480

RED5 RENOVATIONS LIMITED

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

6. Investment Properties
2024 2023
£ £
Valuation at 01/05/2023 347,000 323,820
Additions - -
Disposals - -
Transfered (to)/from tangible fixed assets - -
Fair Value adjustments 19,000 23,180
Valuation at 30/04/2024 366,000 347,000