REDWOOD REAL ESTATE INVESTMENTS LIMITED

Company Registration Number:
12398848 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

REDWOOD REAL ESTATE INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

REDWOOD REAL ESTATE INVESTMENTS LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 6,231,630 6,028,871
Total fixed assets: 6,231,630 6,028,871
Current assets
Stocks: 470,083 586,270
Debtors:   23,007 60,324
Cash at bank and in hand: 370,875 67,133
Total current assets: 863,965 713,727
Creditors: amounts falling due within one year: 4 (214,979) (99,650)
Net current assets (liabilities): 648,986 614,077
Total assets less current liabilities: 6,880,616 6,642,948
Creditors: amounts falling due after more than one year: 5 (6,674,031) (6,464,605)
Total net assets (liabilities): 206,585 178,343
Capital and reserves
Called up share capital: 15 15
Profit and loss account: 206,570 178,328
Shareholders funds: 206,585 178,343

The notes form part of these financial statements

REDWOOD REAL ESTATE INVESTMENTS LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 December 2024
and signed on behalf of the board by:

Name: Suneet Jain
Status: Director

The notes form part of these financial statements

REDWOOD REAL ESTATE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises of rent receivable and Turnover is measured at the fair value of consideration received or receivable from sales of residential properties. Legal and other costs are included in cost of sales. Revenue is recognised when the risks and rewards of ownership passes to the customers.

REDWOOD REAL ESTATE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

REDWOOD REAL ESTATE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 6,028,871
Additions 202,759
At 31 January 2024 6,231,630
Net book value
At 31 January 2024 6,231,630
At 31 January 2023 6,028,871

REDWOOD REAL ESTATE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

Trade creditors - £120,141 (2023: £12,791) Corporation tax - £25,920 (2023: £34,023) Director loan accounts - £58,746 (2023: £44,931) Other creditors - £10,172 (2023: £7,905)

REDWOOD REAL ESTATE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due after more than one year note

Bank loans - £3,002,549 (2023: £3,327,723) Other loans - £3,671,482 (2023: £3,136,882)