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REGISTERED NUMBER: 12137622 (England and Wales)















Red Dot 1 Developments Ltd

Financial Statements

for the Period 1st January 2024 to 31st March 2025






Red Dot 1 Developments Ltd (Registered number: 12137622)






Contents of the Financial Statements
for the Period 1st January 2024 to 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Red Dot 1 Developments Ltd

Company Information
for the Period 1st January 2024 to 31st March 2025







Directors: N R Beatson
M W Smith
G Buchanan
A T Semple
O Trevarthen





Registered office: Millennium House
Newhouse Farm Industrial Estate
Chepstow
Monmouthshire
NP16 6UN





Registered number: 12137622 (England and Wales)





Auditors: Haines Watts Wales LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Red Dot 1 Developments Ltd (Registered number: 12137622)

Balance Sheet
31st March 2025

2025 2023
as restated
Notes £    £   
Fixed assets
Investment property 4 13,450,000 13,450,000

Current assets
Debtors 5 76,833 101,694
Cash at bank 59,339 187,295
136,172 288,989
Creditors
Amounts falling due within one year 6 (5,826,590 ) (6,026,405 )
Net current liabilities (5,690,418 ) (5,737,416 )
Total assets less current liabilities 7,759,582 7,712,584

Creditors
Amounts falling due after more than one year 7 (5,353,355 ) (5,569,297 )
Net assets 2,406,227 2,143,287

Capital and reserves
Called up share capital 10 100 100
Revaluation reserve 1,738,952 1,738,952
Retained earnings 667,175 404,235
Shareholders' funds 2,406,227 2,143,287

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 Board of Directors and authorised for issue on 28th May 2025 and were signed on its behalf by:





O Trevarthen - Director


Red Dot 1 Developments Ltd (Registered number: 12137622)

Notes to the Financial Statements
for the Period 1st January 2024 to 31st March 2025

1. Statutory information

Red Dot 1 Developments Ltd 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.

Red Dot 1 Developments Limited's financial year changed to 31 March to align with Parent Company reporting, therefore this statutory reporting period relates to the 15 month period to 31 March 2025.

Turnover
Turnover is measured at the fair value of rents received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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.

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 period 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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months of less.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year and recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other administrative expenses.

3. Employees and directors

The average number of employees during the period was 4 (2023 - 4 ) .

Red Dot 1 Developments Ltd (Registered number: 12137622)

Notes to the Financial Statements - continued
for the Period 1st January 2024 to 31st March 2025

4. Investment property
Total
£   
Fair value
At 1st January 2024
and 31st March 2025 13,450,000
Net book value
At 31st March 2025 13,450,000
At 31st December 2023 13,450,000

5. Debtors: amounts falling due within one year
2025 2023
as restated
£    £   
Prepayments and accrued income 76,833 101,694

6. Creditors: amounts falling due within one year
2025 2023
as restated
£    £   
Bank loans and overdrafts 113,144 7,137
Trade creditors - 6,698
Amounts owed to group undertakings 5,670,254 5,962,478
VAT 40,104 39,592
Accrued expenses 3,088 10,500
5,826,590 6,026,405

7. Creditors: amounts falling due after more than one year
2025 2023
as restated
£    £   
Bank loans - 2-5 years 5,353,355 5,569,297

8. Leasing agreements
Minimum lease payments receivable under non-cancellable operating leases are due as follows:

2025 2023
£ £
Within one year 700,000 700,000
Between one and five years 2,450,000 3,325,000
3,150,000 4,025,000

Red Dot 1 Developments Ltd (Registered number: 12137622)

Notes to the Financial Statements - continued
for the Period 1st January 2024 to 31st March 2025

9. Secured debts

The following secured debts are included within creditors:

2025 2023
as restated
£    £   
Bank loans 5,466,499 5,576,434

-1st legal charge over the land and buildings known as the land on the north side of Bareland Street Mangor
-Debenture - Red Dot 1 Developments Ltd

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2023
value: as restated
£    £   
100 Ordinary £1 100 100

11. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Victoria Carter (Senior Statutory Auditor)
for and on behalf of Haines Watts Wales LLP, Statutory Auditors

12. Related party disclosures

Entities with control, joint control or significant influence over the entity

20252023
££
Purchases,15,43783,676
Amounts owed to related parties5,670,2545,965,275

13. Prior period adjustment

The financial statements have been restated to reclassify the freehold property to investment property.