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
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
RED KITE HOME DEVELOPMENTS LTD
Statement of financial position
as at 30 June 2024
Investment property
155,000
-
Cash at bank and in hand
2,415
-
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)
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
RED KITE HOME DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
RED KITE HOME DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Net gain from fair value adjustments
2,900
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
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).