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Registered number: 11895918
Red Day Properties Limited
Unaudited Financial Statements
For the Period 1 April 2024 to 31 January 2025
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Contents
Page
Balance Sheet 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11895918
31 January 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 230,002 240,002
Cash at bank and in hand 126 1,967
230,128 241,969
Creditors: Amounts Falling Due Within One Year 5 (305,967 ) (309,192 )
NET CURRENT ASSETS (LIABILITIES) (75,839 ) (67,223 )
TOTAL ASSETS LESS CURRENT LIABILITIES (75,839 ) (67,223 )
Creditors: Amounts Falling Due After More Than One Year 6 (41,399 ) (41,399 )
NET LIABILITIES (117,238 ) (108,622 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (117,338 ) (108,722 )
SHAREHOLDERS' FUNDS (117,238) (108,622)
For the period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
B BARNES
Director
8 May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Revaluation reserve Profit and Loss Account Total
£ £ £ £
As at 1 April 2023 100 (82,662 ) (7,812 ) (90,374)
Loss for the year and total comprehensive income - - (100,910 ) (100,910)
Transfer to/from Profit & Loss Account - 82,662 - 82,662
As at 31 March 2024 and 1 April 2024 100 - (108,722 ) (108,622)
Loss for the period and total comprehensive income - - (8,616 ) (8,616)
As at 31 January 2025 100 - (117,338 ) (117,238)
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Red Day Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11895918 . The registered office is Unit 1c Church Green, Witney, OX28 4YR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2024: NIL)
- -
Page 3
Page 4
4. Debtors
31 January 2025 31 March 2024
£ £
Due within one year
Other debtors - 10,000
Due after more than one year
Other debtors 230,002 230,002
230,002 240,002
5. Creditors: Amounts Falling Due Within One Year
31 January 2025 31 March 2024
£ £
Other creditors 305,967 308,272
Taxation and social security - 920
305,967 309,192
6. Creditors: Amounts Falling Due After More Than One Year
31 January 2025 31 March 2024
£ £
Bank loans 41,399 41,399
7. Share Capital
31 January 2025 31 March 2024
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Brian Nicholas Barnes by virtue of his ownership of 100% of the issued share capital in the company.
Page 4