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REGISTERED NUMBER: 12419364 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Reddevelop Holdings Limited

Reddevelop Holdings Limited (Registered number: 12419364)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reddevelop Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs D Redman
R B Redman
S Collins





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 12419364 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Reddevelop Holdings Limited (Registered number: 12419364)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 400,000 400,000
400,100 400,100

CURRENT ASSETS
Debtors 6 1,160 -

CREDITORS
Amounts falling due within one year 7 2,881 -
NET CURRENT LIABILITIES (1,721 ) -
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,379

400,100

CREDITORS
Amounts falling due after more than one
year

8

(277,777

)

(285,000

)

PROVISIONS FOR LIABILITIES (4,300 ) (4,300 )
NET ASSETS 116,302 110,800

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 110,700 110,700
Retained earnings 5,502 -
116,302 110,800

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.

Reddevelop Holdings Limited (Registered number: 12419364)

Balance Sheet - continued
30 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 6 March 2025 and were signed on its behalf by:





Mrs D Redman - Director


Reddevelop Holdings Limited (Registered number: 12419364)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Reddevelop Holdings Limited 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 company is part of a group.

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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
The investment property is included at fair value. Gains are recognised in the income statement and subsequently transferred to their fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

Financial instruments
The company only enters into basis financial instrument transactions that result in the recognition of financial liabilities like loans to group undertakings.

Creditors
Short term creditors are measured at transaction price.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

Reddevelop Holdings Limited (Registered number: 12419364)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 400,000
NET BOOK VALUE
At 30 June 2024 400,000
At 30 June 2023 400,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 100,000
Valuation in 2023 15,000
Cost 285,000
400,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,160 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,051 -
Taxation and social security 1,290 -
Other creditors 540 -
2,881 -

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 277,777 285,000