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REGISTERED NUMBER: 04843620 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Redcroft Properties Limited

Redcroft Properties Limited (Registered number: 04843620)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Redcroft Properties Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr J A Redman
Ms J M Moorcroft





SECRETARY: Ms J M Moorcroft





REGISTERED OFFICE: 17 Stewart Close
Rydinghurst
Pitsford Road
Moulton
Northamptonshire
NN3 7WU





REGISTERED NUMBER: 04843620 (England and Wales)





ACCOUNTANTS: Fredericks Limited
Chartered Accountants
106 Charter Avenue
Ilford
Essex
IG2 7AD

Redcroft Properties Limited (Registered number: 04843620)

Abridged Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 405,000 405,000
405,001 405,001

CURRENT ASSETS
Cash at bank 30,604 18,711

CREDITORS
Amounts falling due within one year 24,267 23,344
NET CURRENT ASSETS/(LIABILITIES) 6,337 (4,633 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,338

400,368

CREDITORS
Amounts falling due after more than one
year

6

(274,479

)

(274,479

)

PROVISIONS FOR LIABILITIES 8 (15,000 ) (14,000 )
NET ASSETS 121,859 111,889

CAPITAL AND RESERVES
Called up share capital 350 350
Retained earnings 121,509 111,539
SHAREHOLDERS' FUNDS 121,859 111,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Redcroft Properties Limited (Registered number: 04843620)

Abridged Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 March 2025 and were signed on its behalf by:




Mr J A Redman - Director



Ms J M Moorcroft - Director


Redcroft Properties Limited (Registered number: 04843620)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Redcroft Properties 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 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 as modified by the revaluation of certain assets.

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 properties are valued regularly by the director having regard to available sources of information and other factors. The aggregate surplus or deficit is transferred to the profit and loss account.

No depreciation or amortisation is provided in respect of leasehold investment properties where the unexpired lease term is 20 years or more.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

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

Redcroft Properties Limited (Registered number: 04843620)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 984
DEPRECIATION
At 1 January 2024
and 31 December 2024 983
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 405,000
Disposals (4,000 )
Revaluations 4,000
At 31 December 2024 405,000
NET BOOK VALUE
At 31 December 2024 405,000
At 31 December 2023 405,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2015 53,308
Valuation in 2021 28,000
Valuation in 2022 (2,653 )
Valuation in 2023 (5,000 )
Cost 331,345
405,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 327,345 331,345

Investment property was valued on an open market basis on 31 December 2024 by Mr J A Redman, a director of the company .

Redcroft Properties Limited (Registered number: 04843620)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.24 31.12.23
£    £   
Repayable otherwise than by instalments
Mortgage loan 87,634 87,634
Preference shares 150,000 150,000
237,634 237,634

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Mortgage 87,634 87,634

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 15,000 14,000

Deferred
tax
£   
Balance at 1 January 2024 14,000
Movement in year 1,000
Balance at 31 December 2024 15,000

9. RELATED PARTY DISCLOSURES

The company was under the control of its director, Mr J A Redman, by virtue of his holding of 250 Ordinary Class A shares and 108 Preference Class B shares.

During the accounting period the loan to the company of Mr J A Redman remained the same and the sum of £55,678 remains repayable by the company to the director (2023 £55,678).
During the accounting period the loan to the company from Ms J M Moorcroft increased by £884 and the sum of £2,420 is now repayable by the company to the director (2023 £1,534).

Both loans are interest free and have no fixed repayment date.