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REGISTERED NUMBER: 11292398 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

REDSIDE PROPERTY MAINTENANCE LTD

REDSIDE PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 1

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

REDSIDE PROPERTY MAINTENANCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D Brown
P A Eaton





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 11292398 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

REDSIDE PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 1

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,250 26,472

CURRENT ASSETS
Debtors 5 81,320 25,588
Cash at bank 52,364 66,589
133,684 92,177
CREDITORS
Amounts falling due within one year 6 107,395 70,881
NET CURRENT ASSETS 26,289 21,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,539

47,768

CREDITORS
Amounts falling due after more than one
year

7

(18,950

)

(30,822

)

PROVISIONS FOR LIABILITIES (1,217 ) (1,687 )
NET ASSETS 27,372 15,259

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,272 15,159
SHAREHOLDERS' FUNDS 27,372 15,259

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.

REDSIDE PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 1

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





D Brown - Director


REDSIDE PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 1

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Redside Property Maintenance Ltd 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.

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.

Turnover
Turnover in the profit and loss account represents work done during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance and in accordance with the term of the lease
Computer equipment - 33% on cost

Fixed assets are original recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

REDSIDE PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 1

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 35,373 4,233 39,606
Additions - 916 916
At 31 December 2024 35,373 5,149 40,522
DEPRECIATION
At 1 January 2024 11,099 2,035 13,134
Charge for year 4,422 1,716 6,138
At 31 December 2024 15,521 3,751 19,272
NET BOOK VALUE
At 31 December 2024 19,852 1,398 21,250
At 31 December 2023 24,274 2,198 26,472

REDSIDE PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 1

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 32,773
Transfer to ownership (14,950 )
At 31 December 2024 17,823
DEPRECIATION
At 1 January 2024 10,449
Charge for year 3,934
Transfer to ownership (11,403 )
At 31 December 2024 2,980
NET BOOK VALUE
At 31 December 2024 14,843
At 31 December 2023 22,324

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 16,382 15,533
Other debtors 57,938 10,055
74,320 25,588

Amounts falling due after more than one year:
Other debtors 7,000 -

Aggregate amounts 81,320 25,588

REDSIDE PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 1

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 1,872 3,659
Trade creditors 2,695 900
Taxation and social security 40,268 37,283
Other creditors 52,560 19,039
107,395 70,881

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 6,667 16,667
Hire purchase contracts 12,283 14,155
18,950 30,822

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company had received loans from the directors of £38,009 (2023 - £nil) which are included in creditors falling due within one year. This balance is interest free and repayable on demand.

Shore Footings Limited

A company under common control.

Non interest bearing loan on which no terms of repayment have been agreed. The amount due from Shore Footings Ltd at the balance sheet date was £48,076 (2023 owed to Shore Footings - £6,924).

Red C Developments Ltd

A company in which Mr Brown is a director and shareholder.

Non interest bearing loan on which no terms of repayment have been agreed. The amount due to Red C Developments Ltd at the balance sheet date was £2,510 (2023 owed from Red C Developments - £2,759).

Hillside Property Developments Limited

A company in which Mr Eaton is the sole director and a shareholder.

Non interest bearing loan on which no terms of repayment have been agreed. The amount due from Hillside Property Developments Ltd at the balance sheet date was £8,300 (2023 - £5,100).

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REDSIDE PROPERTY MAINTENANCE LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Redside Property Maintenance Ltd for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Redside Property Maintenance Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Redside Property Maintenance Ltd and state those matters that we have agreed to state to the Board of Directors of Redside Property Maintenance Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Redside Property Maintenance Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Redside Property Maintenance Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Redside Property Maintenance Ltd. You consider that Redside Property Maintenance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Redside Property Maintenance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


19 March 2025