| REGISTERED NUMBER: |
| Red Dot 1 Developments Ltd |
| Financial Statements |
| for the Period 1st January 2024 to 31st March 2025 |
| REGISTERED NUMBER: |
| 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: |
| Registered office: |
| Registered number: |
| 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 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 10 |
| Revaluation reserve |
| Retained earnings |
| Shareholders' funds |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| Net book value |
| At 31st March 2025 |
| At 31st December 2023 |
| 5. | Debtors: amounts falling due within one year |
| 2025 | 2023 |
| as restated |
| £ | £ |
| Prepayments and accrued income |
| 6. | Creditors: amounts falling due within one year |
| 2025 | 2023 |
| as restated |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| VAT | 40,104 | 39,592 |
| Accrued expenses |
| 7. | Creditors: amounts falling due after more than one year |
| 2025 | 2023 |
| as restated |
| £ | £ |
| Bank loans - 2-5 years |
| 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 |
| -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 |
| £ | £ |
| Ordinary | £1 | 100 | 100 |
| 11. | Disclosure under Section 444(5B) of the Companies Act 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 12. | Related party disclosures |
| Entities with control, joint control or significant influence over the entity |
| 2025 | 2023 |
| £ | £ |
| Purchases, | 15,437 | 83,676 |
| Amounts owed to related parties | 5,670,254 | 5,965,275 |
| 13. | Prior period adjustment |
| The financial statements have been restated to reclassify the freehold property to investment property. |