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REGISTERED NUMBER: 10249762 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2023 to 27 June 2024

for

Red Triangle Investments Ltd

Red Triangle Investments Ltd (Registered number: 10249762)






Contents of the Financial Statements
for the period 1 July 2023 to 27 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Red Triangle Investments Ltd

Company Information
for the period 1 July 2023 to 27 June 2024







DIRECTORS: A Georgiou
P A Chrysafi





REGISTERED OFFICE: 120 Cockfosters Road
Enfield
EN4 0DZ





REGISTERED NUMBER: 10249762 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

Red Triangle Investments Ltd (Registered number: 10249762)

Statement of Financial Position
27 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,030,044 2,030,044

CURRENT ASSETS
Debtors 5 45,322 15,522
Investments 6 1,050,001 1,050,001
Cash at bank 9,580 13,458
1,104,903 1,078,981
CREDITORS
Amounts falling due within one year 7 681,866 632,779
NET CURRENT ASSETS 423,037 446,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,453,081

2,476,246

CREDITORS
Amounts falling due after more than one
year

8

942,019

971,128
NET ASSETS 1,511,062 1,505,118

CAPITAL AND RESERVES
Called up share capital 12 12
Share premium 1,318,992 1,318,992
Retained earnings 192,058 186,114
1,511,062 1,505,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 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.

Red Triangle Investments Ltd (Registered number: 10249762)

Statement of Financial Position - continued
27 June 2024


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 19 December 2024 and were signed on its behalf by:





A Georgiou - Director


Red Triangle Investments Ltd (Registered number: 10249762)

Notes to the Financial Statements
for the period 1 July 2023 to 27 June 2024

1. STATUTORY INFORMATION

Red Triangle 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.

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

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.

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of comprehensive income

Taxation
Taxation for the period 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 period 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.

Red Triangle Investments Ltd (Registered number: 10249762)

Notes to the Financial Statements - continued
for the period 1 July 2023 to 27 June 2024

2. ACCOUNTING POLICIES - continued

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of revenue can be measured reliably;

it is probable that the Company will receive the consideration due under the contract;

the stage of completion of the contract at the end of the reporting period can be measured
reliably; and

the costs incurred and the costs to complete the contract can be measured reliably.

Interest income
Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Finance costs
Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Borrowing costs
All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised
cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty
on notice of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are
recognised when paid. Final equity dividends are recognised when approved by the shareholders at
an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2023 - 2 ) .

Red Triangle Investments Ltd (Registered number: 10249762)

Notes to the Financial Statements - continued
for the period 1 July 2023 to 27 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 27 June 2024 2,030,044
NET BOOK VALUE
At 27 June 2024 2,030,044
At 30 June 2023 2,030,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 45,322 15,522

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 1,050,001 1,050,001

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 53,394 53,394
Other creditors 628,472 579,385
681,866 632,779

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 942,019 971,128

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instalments 757,659 776,774