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REGISTERED NUMBER: 05709184 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Redbay Investments Limited

Redbay Investments Limited (Registered number: 05709184)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Redbay Investments Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr Daniel Paul McKillop





SECRETARY: Mr Gerard McKillop





REGISTERED OFFICE: 11 Quantum
2 Chapeltown Street
Manchester
M1 2BQ





REGISTERED NUMBER: 05709184 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

Redbay Investments Limited (Registered number: 05709184)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,987,268 3,187,268

CURRENT ASSETS
Debtors 5 13,081 12,432
Cash at bank 456,320 518,629
469,401 531,061
CREDITORS
Amounts falling due within one year 6 3,800 54,183
NET CURRENT ASSETS 465,601 476,878
TOTAL ASSETS LESS CURRENT LIABILITIES 3,452,869 3,664,146

CREDITORS
Amounts falling due after more than one year 7 (3,052,646 ) (3,260,798 )

PROVISIONS FOR LIABILITIES (28,733 ) (25,268 )
NET ASSETS 371,490 378,080

CAPITAL AND RESERVES
Called up share capital 10 10
Non distributable reserves 9 122,495 107,721
Retained earnings 248,985 270,349
SHAREHOLDERS' FUNDS 371,490 378,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 18 February 2025 and were signed by:





Mr Daniel Paul McKillop - Director


Redbay Investments Limited (Registered number: 05709184)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Redbay Investments 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.

The accounts have been prepared on the going concern basis.

Turnover
Turnover represents rents due to the company on its investment properties.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 3,187,268
Disposals (200,000 )
At 30 September 2024 2,987,268
NET BOOK VALUE
At 30 September 2024 2,987,268
At 30 September 2023 3,187,268

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2007 46,182
Valuation in 2008 (429,441 )
Valuation in 2010 48,606
Valuation in 2014 485,881
Cost 2,836,040
2,987,268

If the investment properties had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 2,836,040 3,054,280

The investment properties were valued on a fair value basis on 30 September 2024 by Mr McDermott, surveyor .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 13,081 12,432

Redbay Investments Limited (Registered number: 05709184)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security - 12,829
Other creditors 3,800 41,354
3,800 54,183

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 3,052,646 3,260,798

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 3,052,646 3,260,798

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Other loans 3,052,646 3,260,798

9. RESERVES
Non
distributable
reserves
£   
At 1 October 2023 107,721
Surplus on revaluation 14,774

At 30 September 2024 122,495

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Daniel Paul McKillop.