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REGISTERED NUMBER: 13452703 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

RED APPLE PROPERTY (WIGAN) LTD

RED APPLE PROPERTY (WIGAN) LTD (REGISTERED NUMBER: 13452703)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RED APPLE PROPERTY (WIGAN) LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: E C Webb
R Al Farouq
M J Hamer
D Ellis





REGISTERED OFFICE: Century House
100 Chapel Lane
Wigan
Lancashire
WN3 4HG





REGISTERED NUMBER: 13452703 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

RED APPLE PROPERTY (WIGAN) LTD (REGISTERED NUMBER: 13452703)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 574,440 574,440

CURRENT ASSETS
Debtors 5 9,100 100
Cash at bank 42,610 3,683
51,710 3,783
CREDITORS
Amounts falling due within one year 6 554,998 549,281
NET CURRENT LIABILITIES (503,288 ) (545,498 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,152

28,942

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 71,052 28,842
71,152 28,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:





E C Webb - Director


RED APPLE PROPERTY (WIGAN) LTD (REGISTERED NUMBER: 13452703)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Red Apple Property (Wigan) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
In accordance with FRS 102, the investment property owned by the company is held on the balance sheet at open market value. They will be revalued whenever the directors deem appropriate, with the appropriate surplus or deficit being transferred to a revaluation reserve. No depreciation is provided in respect of the investment property. This departure from the requirements of the Companies Act 2006, which requires all fixed assets which have a limited useful economic life to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view. If depreciation were to be provided, this would amount to a charge of 2% on the cost of the assets.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

RED APPLE PROPERTY (WIGAN) LTD (REGISTERED NUMBER: 13452703)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 July 2023
and 30 June 2024 574,440
NET BOOK VALUE
At 30 June 2024 574,440
At 30 June 2023 574,440

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,000 -
Other debtors 100 100
9,100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 874 -
Taxation and social security 2,110 2,100
Other creditors 552,014 547,181
554,998 549,281

7. RELATED PARTY DISCLOSURES

The company owes £551,264 (2023: £546,431) to a company which is under common control.
No interest is being charged on this loan.

8. ULTIMATE CONTROLLING PARTY

The controlling party is E C Webb.