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REGISTERED NUMBER: 11612581 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Redbrick Capital Ltd

Redbrick Capital Ltd (Registered number: 11612581)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Redbrick Capital Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: C Sturmer
N J Wallwork





REGISTERED OFFICE: 49 London Street
Reading
Berkshire
RG1 4PS





REGISTERED NUMBER: 11612581 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Redbrick Capital Ltd (Registered number: 11612581)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 1,456,473 1,456,473
Investments 4 600 600
1,457,073 1,457,073

CURRENT ASSETS
Debtors 5 5,477,614 5,177,464
Cash at bank 250 1,080
5,477,864 5,178,544
CREDITORS
Amounts falling due within one year 6 (6,691,913 ) (6,677,749 )
NET CURRENT LIABILITIES (1,214,049 ) (1,499,205 )
TOTAL ASSETS LESS CURRENT LIABILITIES 243,024 (42,132 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 242,924 (42,232 )
243,024 (42,132 )

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

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

Redbrick Capital Ltd (Registered number: 11612581)

Balance Sheet - continued
31st March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2025 and were signed on its behalf by:





C Sturmer - Director


Redbrick Capital Ltd (Registered number: 11612581)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. 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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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.

2. EMPLOYEES AND DIRECTORS

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

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2023
and 31st March 2024 1,456,473
NET BOOK VALUE
At 31st March 2024 1,456,473
At 31st March 2023 1,456,473

Redbrick Capital Ltd (Registered number: 11612581)

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

4. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date include the following:

10 Southern Court Limited (100% holding)

10 Southern Court Development Limited (100% holding)

22 Augusta Way West Ltd (100% holding)

Wallmer Property Limited (100% holding)

Mountwood House Limited (100% holding)

Mountwood Apartments Limited (100% holding)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,477,614 5,177,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 6,691,913 6,677,749

7. RELATED PARTY DISCLOSURES

During the year the company provided loans to various related companies. These loans totalled £5,477,614 (2023: £5,177,464) and are interest free and repayable on demand.


During the year the company received loans from various related companies. These loans totalled £870,513 (2023: £847,748) and are interest free and repayable on demand.