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REGISTERED NUMBER: 12095176 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Redcar Rocks Limited

Redcar Rocks Limited (Registered number: 12095176)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Redcar Rocks Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Miss C L Skjelhaug
Mr T Ghalayini





REGISTERED OFFICE: 1 West Dyke Road
Redcar
North Yorkshire
TS10 3EA





REGISTERED NUMBER: 12095176 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

Redcar Rocks Limited (Registered number: 12095176)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 157,500 148,837

CURRENT ASSETS
Debtors 5 9,272 10,172
Cash at bank 690 754
9,962 10,926
CREDITORS
Amounts falling due within one year 6 33,828 32,059
NET CURRENT LIABILITIES (23,866 ) (21,133 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,634

127,704

CREDITORS
Amounts falling due after more than one
year

7

92,162

96,604
NET ASSETS 41,472 31,100

CAPITAL AND RESERVES
Called up share capital 6 6
Revaluation reserve 9 42,794 42,794
Retained earnings (1,328 ) (11,700 )
41,472 31,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Redcar Rocks Limited (Registered number: 12095176)

Balance Sheet - continued
31 July 2024


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 29 July 2025 and were signed on its behalf by:




Miss C L Skjelhaug - Director



Mr T Ghalayini - Director


Redcar Rocks Limited (Registered number: 12095176)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Redcar Rocks 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Redcar Rocks Limited (Registered number: 12095176)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 157,500
DEPRECIATION
At 1 August 2023 8,663
Charge for year (8,663 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 157,500
At 31 July 2023 148,837

Cost or valuation at 31 July 2024 is represented by:

Land and
buildings
£   
Valuation in 2020 157,500

Land and buildings are stated at their market value per an independent valuation undertaken in August 2019 by North East Commercial, Property & Business Agents.The directors considers this to be a fair value as at 31 July 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 9,272 10,172

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 5,727 5,559
Amounts owed to associates 16,820 15,170
Other creditors 11,281 11,330
33,828 32,059

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 92,162 96,604

Redcar Rocks Limited (Registered number: 12095176)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.24 31.7.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 61,248 65,399

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 83,061 86,048

Allica Bank Limited hold a fixed charge over the property at 1 West Dyke Road, Redcar dated 25/2/21.

9. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 42,794

10. RELATED PARTY DISCLOSURES

At 31st July 2024 the company owed £2,700 to GHA&SKJ-Developments Limited, a company under common control (2023: £1,200).

At 31st July 2024 the company owed its parent company Bespoke-Developments-UK Limited £13,650 (2023: £13,500).

At 31st July 2024 the company owed £470 to Miss SKJ Property Limited, a company controlled by Miss C L Skjelhaug (2023: £470).

At 31st July 2024 the directors owed the company £9272 (2022: £1,672).

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Bespoke-Developments-UK Limited.

The directors consider that no one party has ultimate control.