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Company Registration No. 14930738 (England and Wales)
Red House Estates Developments Limited Unaudited accounts for the period from 12 June 2023 to 30 June 2024
Red House Estates Developments Limited Unaudited accounts Contents
Page
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Red House Estates Developments Limited Statement of financial position as at 30 June 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
7,567 
Current assets
Inventories
296,287 
Debtors
100 
Cash at bank and in hand
257,394 
553,781 
Creditors: amounts falling due within one year
(616,328)
Net current liabilities
(62,547)
Net liabilities
(54,980)
Capital and reserves
Called up share capital
100 
Profit and loss account
(55,080)
Shareholders' funds
(54,980)
For the period ending 30 June 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by
Stephen Wooler Director Company Registration No. 14930738
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Red House Estates Developments Limited Notes to the Accounts for the period from 12 June 2023 to 30 June 2024
1
Statutory information
Red House Estates Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 14930738. The registered office is 12 Harles Acres, Hickling, Melton Mowbray, Leicestershire, LE14 3AF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The accounts have been prepared on the going concern basis on the understanding that the directors will continue to support the company financially for the foreseeable future.
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Red House Estates Developments Limited Notes to the Accounts for the period from 12 June 2023 to 30 June 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 12 June 2023
- 
Additions
10,090 
At 30 June 2024
10,090 
Depreciation
Charge for the period
2,523 
At 30 June 2024
2,523 
Net book value
At 30 June 2024
7,567 
5
Inventories
2024 
£ 
Work in progress
296,287 
296,287 
6
Debtors
2024 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
100 
7
Creditors: amounts falling due within one year
2024 
£ 
VAT
(8,142)
Other creditors
624,059 
Loans from directors
411 
616,328 
8
Transactions with related parties
During the year, director S. Wooler made loans to the company of £525,000. Interest is being accrued at a rate of 15%. At the end of the year an amount of £570,190 was owing to him. This loan is repayable on demand. During the year, director S. Bowers made loans to the company of £50,000. Interest is being accrued at a rate of 15%. At the end of the year an amount of £53,869 was owing to her. This loan is repayable on demand.
9
Controlling party
The ultimate controlling party is that of Red House Estates Holdings Limited (Company number: 14930311) of 12 Harles Acres, Hickling, Melton Mowbray, Leicestershire, LE14 3AF who hold 100% of the issued share capital.
10
Average number of employees
During the period the average number of employees was 0.
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