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COMPANY REGISTRATION NUMBER: 13453680
REDWING PROPERTIES (2) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 June 2024
REDWING PROPERTIES (2) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 29 JUNE 2024
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 4
REDWING PROPERTIES (2) LIMITED
STATEMENT OF FINANCIAL POSITION
29 June 2024
2024
2023
Note
£
£
£
£
CURRENT ASSETS
Stocks
1,856,154
1,604,997
Debtors
4
55,116
293,772
Cash at bank and in hand
3,184
5,051
------------
------------
1,914,454
1,903,820
CREDITORS: amounts falling due within one year
5
( 938,891)
( 914,303)
------------
------------
NET CURRENT ASSETS
975,563
989,517
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
975,563
989,517
CREDITORS: amounts falling due after more than one year
6
( 990,000)
( 1,000,000)
---------
------------
NET LIABILITIES
( 14,437)
( 10,483)
---------
------------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 14,537)
( 10,583)
--------
--------
SHAREHOLDER DEFICIT
( 14,437)
( 10,483)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
REDWING PROPERTIES (2) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 June 2024
These financial statements were approved by the board of directors and authorised for issue on 25 March 2025 , and are signed on behalf of the board by:
S Graham
Director
Company registration number: 13453680
REDWING PROPERTIES (2) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 JUNE 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 51 Selby Road, Leeds, LS9 0EW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing financial support of the company. The financial statements are prepared in sterling, which is the functional currency of the entity.
Stocks
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. DEBTORS
2024
2023
£
£
Other debtors
55,116
293,772
--------
---------
5. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
117,496
12,008
Amounts due to related companies
804,000
901,000
Other creditors
17,395
1,295
---------
---------
938,891
914,303
---------
---------
6. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
990,000
1,000,000
---------
------------