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Registered number: 04820869
Red Rock Realty Limited
Unaudited Financial Statements
For the Period 1 February 2023 to 31 May 2024
Staffords
Chartered Accountants
Scott House
Clarke Street
Poulton-Le-Fylde
FY6 8JW
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04820869
31 May 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 98,762 1,530
Investment Properties 5 665,000 880,000
763,762 881,530
CURRENT ASSETS
Debtors 6 133,476 11,863
Cash at bank and in hand 11,828 25,845
145,304 37,708
Creditors: Amounts Falling Due Within One Year 7 (259,701 ) (113,474 )
NET CURRENT ASSETS (LIABILITIES) (114,397 ) (75,766 )
TOTAL ASSETS LESS CURRENT LIABILITIES 649,365 805,764
Creditors: Amounts Falling Due After More Than One Year 8 (472,708 ) (530,461 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (48,858 ) (43,746 )
NET ASSETS 127,799 231,557
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 127,699 231,457
SHAREHOLDERS' FUNDS 127,799 231,557
Page 1
Page 2
For the period ending 31 May 2024 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
Mr A Dribben
Director
08/04/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Red Rock Realty Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04820869 . The registered office is 10 Quays Reach, Carolina Way, Salford, Manchester, M50 2ZY.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Plant & Machinery 15% reducing balance basis
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 15% reducing balance basis
2.4. 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.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. 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 years 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 assets reflect 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: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost or Valuation
As at 1 February 2023 3,358 - 3,358
Additions 559 108,067 108,626
As at 31 May 2024 3,917 108,067 111,984
Depreciation
As at 1 February 2023 1,828 - 1,828
Provided during the period 418 10,976 11,394
As at 31 May 2024 2,246 10,976 13,222
Net Book Value
As at 31 May 2024 1,671 97,091 98,762
As at 1 February 2023 1,530 - 1,530
Cost or valuation as at 31 May 2024 represented by:
Plant & Machinery Motor Vehicles Total
£ £ £
At cost 3,917 108,067 111,984
3,917 108,067 111,984
Investment property valuations have been estimated at fair value by the Director.

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Page 5
5. Investment Property
31 May 2024
£
Fair Value
As at 1 February 2023 880,000
Additions 89,352
Disposals (314,352 )
Revaluations 10,000
As at 31 May 2024 665,000
6. Debtors
31 May 2024 31 January 2023
£ £
Due within one year
Prepayments and accrued income 1,167 -
Other debtors 132,309 11,863
133,476 11,863
7. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 January 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,666 -
Bank loans and overdrafts - 3,243
Other creditors 206,050 19,700
Accruals and deferred income 40,973 42,091
Director's loan account 1,012 48,440
259,701 113,474
8. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 31 January 2023
£ £
Net obligations under finance lease and hire purchase contracts 78,540 -
Bank loans 394,168 530,461
472,708 530,461
9. Obligations Under Finance Leases and Hire Purchase
31 May 2024 31 January 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,666 -
Later than one year and not later than five years 78,540 -
90,206 -
90,206 -
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10. Share Capital
31 May 2024 31 January 2023
£ £
Allotted, Called up and fully paid 100 100
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