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Company Registration No. 14203430 (England and Wales)
RED KITE HOME DEVELOPMENTS LTD Unaudited accounts for the year ended 30 June 2024
RED KITE HOME DEVELOPMENTS LTD Unaudited accounts Contents
Page
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RED KITE HOME DEVELOPMENTS LTD Company Information for the year ended 30 June 2024
Directors
Ioan Anthony Nicole Anthony
Company Number
14203430 (England and Wales)
Registered Office
26 Heol Cae Pownd Llanelli Carmarthenshire SA14 7BZ Wales
Accountants
DCP Accountancy Limited 45 Dol Y Dderwen Bonllwyn Ammanford Carmarthenshire SA18 2GE
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RED KITE HOME DEVELOPMENTS LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,760 
- 
Investment property
155,000 
- 
175,760 
- 
Current assets
Inventories
- 
152,100 
Cash at bank and in hand
2,415 
- 
2,415 
152,100 
Creditors: amounts falling due within one year
(440)
(400)
Net current assets
1,975 
151,700 
Total assets less current liabilities
177,735 
151,700 
Creditors: amounts falling due after more than one year
(188,155)
(154,298)
Net liabilities
(10,420)
(2,598)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(10,422)
(2,600)
Shareholders' funds
(10,420)
(2,598)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by
Ioan Anthony Director Company Registration No. 14203430
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RED KITE HOME DEVELOPMENTS LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
RED KITE HOME DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 14203430. The registered office is 26 Heol Cae Pownd, Llanelli, Carmarthenshire, SA14 7BZ, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
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RED KITE HOME DEVELOPMENTS LTD Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
- 
Additions
25,950 
At 30 June 2024
25,950 
Depreciation
Charge for the year
5,190 
At 30 June 2024
5,190 
Net book value
At 30 June 2024
20,760 
5
Investment property
2024 
£ 
Additions
152,100 
Net gain from fair value adjustments
2,900 
At 30 June 2024
155,000 
The company holds an investment property which is measured at fair value in accordance with FRS 102 Section 16. The property was reclassified from inventory on 26 September 2023 when rental income commenced. The fair value at 30 June 2024 is based on an independent market estimate from Zoopla of £155,000. A fair value gain of £534 has been recognised in the income statement. No depreciation is charged on investment property under the fair value model.
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
440 
400 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
188,155 
154,298 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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