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Registered Number: 13683609
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 October 2024

for

RED MELON INVESTMENTS LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 3 2,716,114    566,215 
2,716,114    566,215 
Current assets
Debtors 4 53,493    220,810 
Cash at bank and in hand 5,238    6,938 
58,731    227,748 
Creditors: amount falling due within one year 5 (641,086)   (399)
Net current assets/(liabilities) (582,355)   227,349 
 
Total assets less current liabilities 2,133,759    793,564 
Creditors: amount falling due after more than one year 6 (735,000)   (821,550)
Net assets/(liabilities) 1,398,759    (27,986)
 

Capital and reserves
Called up share capital 2    2 
Reserves 7 1,421,733   
Profit and loss account 8 (22,976)   (27,988)
Shareholders fund 1,398,759    (27,986)
 
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Naveen Sharma
Director

Date approved: 06 March 2025
1
Statutory Information
RED MELON INVESTMENTS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 13683609, registration address 15 Campbell Croft, Edgware, HA8 8DS, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles20 Reducing Balance
2.

Staff Costs

2024   2023
 
Average number of employees during the year 2024   2023
Other departments 1   
1   

3.

Tangible fixed assets

Cost or Valuation   Freehold property   Motor Vehicles   Total
    £   £   £
At 01 November 2023   546,072    25,179    571,251 
Additions   732,195      732,195 
Revaluations   1,421,733      1,421,733 
At 31 October 2024   2,700,000    25,179    2,725,179 
Depreciation
At 01 November 2023     5,036    5,036 
Charge for year     4,029    4,029 
At 31 October 2024     9,065    9,065 
Net book values
Closing balance as at 31 October 2024   2,700,000    16,114    2,716,114 
Opening balance as at 01 November 2023   546,072    20,143    566,215 

4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Tenancy deposit 53,493    1,265 
Directors' current accounts   219,545 
53,493    220,810 
5.

Creditors: amount falling due within one year

2024
£
  2023
£
Accrued expenses 399    399 
Directors' current accounts 640,687   
641,086    399 
6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Mortgage loan 735,000    821,550 
735,000    821,550 
7.

Reserves

2024
£
  2023
£
Revaluation of fixed assets 1,421,733   
1,421,733   
8.

Profit and loss account

  2024
£
Balance at 01 November 2023 (27,988)
Profit for the year 5,012 
Balance at 31 October 2024 (22,976)

9.

Share Capital

Allotted
2024
£
  2023
£
2 Ordinary shares of £1.00 each  
 

2