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REGISTERED NUMBER: 07885252 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Redwing Partnership Limited

Redwing Partnership Limited (Registered number: 07885252)






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


Redwing Partnership Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: K Martin





REGISTERED OFFICE: 1 Cornwall Close
Camberley
Surrey
GU15 3UA





REGISTERED NUMBER: 07885252 (England and Wales)





ACCOUNTANTS: Humm Accountancy Services Limited
19 Bowood Road
London
SW11 6PE

Redwing Partnership Limited (Registered number: 07885252)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 30,132 37,701
Investments 5 88,951 55,274
119,083 92,975

CURRENT ASSETS
Debtors 6 28 103
Cash at bank 56,092 129,753
56,120 129,856
CREDITORS
Amounts falling due within one year 7 6,663 13,305
NET CURRENT ASSETS 49,457 116,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,540

209,526

CREDITORS
Amounts falling due after more than
one year

8

(2,873

)

(9,867

)

PROVISIONS FOR LIABILITIES (16,070 ) (11,096 )
NET ASSETS 149,597 188,563

Redwing Partnership Limited (Registered number: 07885252)

Balance Sheet - continued
31 December 2024

31/12/24 31/12/23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 149,596 188,562
149,597 188,563

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 director acknowledges his 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.

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 director and authorised for issue on 29 April 2025 and were signed by:





K Martin - Director


Redwing Partnership Limited (Registered number: 07885252)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Redwing Partnership Limited 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 as modified by the revaluation of certain assets.

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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers - over 4 years (straight line)
Motor vehicles - over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.


Redwing Partnership Limited (Registered number: 07885252)

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

2. ACCOUNTING POLICIES - continued
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.

Fixed asset investments
Investments in shares and share portfolios are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Redwing Partnership Limited (Registered number: 07885252)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 64,390 2,790 67,180
Additions - 916 916
Disposals - (916 ) (916 )
At 31 December 2024 64,390 2,790 67,180
DEPRECIATION
At 1 January 2024 27,607 1,872 29,479
Charge for year 7,357 484 7,841
Eliminated on disposal - (272 ) (272 )
At 31 December 2024 34,964 2,084 37,048
NET BOOK VALUE
At 31 December 2024 29,426 706 30,132
At 31 December 2023 36,783 918 37,701

5. FIXED ASSET INVESTMENTS
Other
investmen
£   
COST OR VALUATION
At 1 January 2024 55,274
Revaluations 33,677
At 31 December 2024 88,951
NET BOOK VALUE
At 31 December 2024 88,951
At 31 December 2023 55,274

Redwing Partnership Limited (Registered number: 07885252)

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

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Other
investmen
£   
Valuation in 2024 88,951

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Other debtors 28 103

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 7,346 7,346
Trade creditors 1,000 159
Taxation and social security (3,285 ) 3,255
Other creditors 1,602 2,545
6,663 13,305

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 2,873 9,867