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REGISTERED NUMBER: 09648986 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Redbrick Property Services Ltd

Redbrick Property Services Ltd (Registered number: 09648986)






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 Property Services Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: C Sturmer
N J Wallwork





REGISTERED OFFICE: 49 London Street
Reading
RG1 4PS





REGISTERED NUMBER: 09648986 (England and Wales)





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

Redbrick Property Services Ltd (Registered number: 09648986)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 57,392 61,386

CURRENT ASSETS
Debtors 4 108,010 112,521
Cash at bank 16,824 18,650
124,834 131,171
CREDITORS
Amounts falling due within one year 5 (502,932 ) (457,055 )
NET CURRENT LIABILITIES (378,098 ) (325,884 )
TOTAL ASSETS LESS CURRENT LIABILITIES (320,706 ) (264,498 )

CREDITORS
Amounts falling due after more than one
year

6

(20,072

)

(24,276

)
NET LIABILITIES (340,778 ) (288,774 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (340,878 ) (288,874 )
(340,778 ) (288,774 )

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 Property Services Ltd (Registered number: 09648986)

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 Property Services Ltd (Registered number: 09648986)

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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

2. EMPLOYEES AND DIRECTORS

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

Redbrick Property Services Ltd (Registered number: 09648986)

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

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 85,682 8,699 9,885 104,266
DEPRECIATION
At 1st April 2023 26,560 7,755 8,565 42,880
Charge for year 3,428 236 330 3,994
At 31st March 2024 29,988 7,991 8,895 46,874
NET BOOK VALUE
At 31st March 2024 55,694 708 990 57,392
At 31st March 2023 59,122 944 1,320 61,386

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,000 134
Other debtors 105,010 112,387
108,010 112,521

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,875 4,903
Social security and other taxes 1,222 976
Other creditors 495,845 450,186
Accrued expenses 990 990
502,932 457,055

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bounceback loan 20,072 24,276

Redbrick Property Services Ltd (Registered number: 09648986)

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

7. RELATED PARTY DISCLOSURES

Included within other debtors is a loan due from Wallwork Sturmer LLP, a company under common control totalling £35,383 (2023: £38,325).

Included within other debtors is a loan due from DeeDeeDee Limited, a company under common control totalling £25,000 (2023: £25,000).

Included within other debtors is a loan due from Red Brick Wealth Management Limited, a company under common control totalling £23,807 (2023: £25,313).

Included within other debtors is a loan due from Online Asset Management Limited, a company under common control totalling £20,000 (2023: £20,000).



Included within other creditors is a loan due from Wallmer Asset Management Limited, totalling £410,377 (2023: £393,577) from a company under common control.

Included within other creditors is a loan due from Redbrick Capital Limited, totalling £50,500 (2023: £28,500) from a company under common control.

Included within other creditors is a loan due from Wallmer Property Limited, totalling £14,192.30 (2023: £4,424) from a company under common control.

Included within other creditors is a loan due from 111 Marjoram Walk Limited, totalling £770.27 (2023: £Nil) from a company under common control.

Included within other creditors is a loan due from Mountwood Apartments Limited, totalling £6,000.00 (2023: £Nil) from a company under common control.

Included within other creditors is a loan due from 10 Southern Court Limited, totalling £6,400.00 (2023: £Nil) from a company under common control.