Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mrs J E Belk 01/09/2015 D C Hands 27/10/2007 A R Yousafzai 13/12/1998 10 March 2025 The principal activity of the company is the management of the residential property at Red Court, Bournemouth. 02420496 2024-12-31 02420496 bus:Director1 2024-12-31 02420496 bus:Director2 2024-12-31 02420496 bus:Director3 2024-12-31 02420496 2023-12-31 02420496 core:CurrentFinancialInstruments 2024-12-31 02420496 core:CurrentFinancialInstruments 2023-12-31 02420496 core:ShareCapital 2024-12-31 02420496 core:ShareCapital 2023-12-31 02420496 core:OtherCapitalReserve 2024-12-31 02420496 core:OtherCapitalReserve 2023-12-31 02420496 core:RetainedEarningsAccumulatedLosses 2024-12-31 02420496 core:RetainedEarningsAccumulatedLosses 2023-12-31 02420496 core:LandBuildings 2023-12-31 02420496 core:LandBuildings 2024-12-31 02420496 2024-01-01 2024-12-31 02420496 bus:FilletedAccounts 2024-01-01 2024-12-31 02420496 bus:SmallEntities 2024-01-01 2024-12-31 02420496 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02420496 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02420496 bus:Director1 2024-01-01 2024-12-31 02420496 bus:Director2 2024-01-01 2024-12-31 02420496 bus:Director3 2024-01-01 2024-12-31 02420496 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 02420496 (England and Wales)

RED COURT MANAGEMENT (BOURNEMOUTH) LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

RED COURT MANAGEMENT (BOURNEMOUTH) LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

RED COURT MANAGEMENT (BOURNEMOUTH) LIMITED

BALANCE SHEET

As at 31 December 2024
RED COURT MANAGEMENT (BOURNEMOUTH) LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 30,092 30,092
30,092 30,092
Current assets
Debtors 4 1,706 1,736
Cash at bank and in hand 14,703 15,108
16,409 16,844
Creditors: amounts falling due within one year 5 ( 1,455) ( 1,371)
Net current assets 14,954 15,473
Total assets less current liabilities 45,046 45,565
Net assets 45,046 45,565
Capital and reserves
Called-up share capital 8 8
Other reserves 6 31,092 31,092
Profit and loss account 13,946 14,465
Total shareholders' funds 45,046 45,565

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Red Court Management (Bournemouth) Limited (registered number: 02420496) were approved and authorised for issue by the Board of Directors on 10 March 2025. They were signed on its behalf by:

A R Yousafzai
Director
RED COURT MANAGEMENT (BOURNEMOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
RED COURT MANAGEMENT (BOURNEMOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Red Court Management (Bournemouth) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 26 Westgate, Chichester, PO19 3EU, United Kingdom. The principal place of business is 12 West Overcliff Drive, Bournemouth, Dorset, BH4 8AA.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the maintenance contributions receivable from the residential lessees.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 January 2024 30,092 30,092
At 31 December 2024 30,092 30,092
Accumulated depreciation
At 01 January 2024 0 0
At 31 December 2024 0 0
Net book value
At 31 December 2024 30,092 30,092
At 31 December 2023 30,092 30,092

4. Debtors

2024 2023
£ £
Trade debtors 0 210
Prepayments 1,706 1,526
1,706 1,736

5. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 1,455 1,319
Corporation tax 0 52
1,455 1,371

6. Other reserves

2024 2023
£ £
Contribution from lessees re. freehold reversion 31,092 31,092