3 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,438,363 3,438,363 3,438,363 xbrli:pure xbrli:shares iso4217:GBP 11475548 2024-01-01 2024-12-31 11475548 2024-12-31 11475548 2023-12-31 11475548 2023-01-01 2023-12-31 11475548 2023-12-31 11475548 2022-12-31 11475548 bus:Director1 2024-01-01 2024-12-31 11475548 core:WithinOneYear 2024-12-31 11475548 core:WithinOneYear 2023-12-31 11475548 core:ShareCapital 2024-12-31 11475548 core:ShareCapital 2023-12-31 11475548 core:RetainedEarningsAccumulatedLosses 2024-12-31 11475548 core:RetainedEarningsAccumulatedLosses 2023-12-31 11475548 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 11475548 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 11475548 bus:SmallEntities 2024-01-01 2024-12-31 11475548 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11475548 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11475548 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11475548 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 11475548
REDCURRANT GARDENS PROPERTY LTD
Filleted Unaudited Financial Statements
31 December 2024
REDCURRANT GARDENS PROPERTY LTD
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
3,438,363
3,438,363
Current assets
Debtors
6
14,084
Cash at bank and in hand
88,927
169,320
---------
---------
103,011
169,320
Creditors: amounts falling due within one year
7
1,394,217
1,490,757
------------
------------
Net current liabilities
1,291,206
1,321,437
------------
------------
Total assets less current liabilities
2,147,157
2,116,926
------------
------------
Net assets
2,147,157
2,116,926
------------
------------
Capital and reserves
Called up share capital
1
1
Profit and loss account
2,147,156
2,116,925
------------
------------
Shareholders funds
2,147,157
2,116,926
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
REDCURRANT GARDENS PROPERTY LTD
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 8 August 2025 , and are signed on behalf of the board by:
Mr S Khan
Director
Company registration number: 11475548
REDCURRANT GARDENS PROPERTY LTD
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Redbridge Lane East, Ilford, IG4 5ET.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rental income receivable. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Rental income is recognised on an accrual basis in accordance with the substance of the relevant agreement.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 2 ).
5. Tangible assets
Freehold property
£
Cost
At 1 January 2024 and 31 December 2024
3,438,363
------------
Depreciation
At 1 January 2024 and 31 December 2024
------------
Carrying amount
At 31 December 2024
3,438,363
------------
At 31 December 2023
3,438,363
------------
The company's investment property was revalued on a fair value basis by the director on 31 December 2024 .
6. Debtors
2024
2023
£
£
Trade debtors
12,000
Other debtors
2,084
--------
----
14,084
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
246
Social security and other taxes
133
214
Due to associated companies
1,326,757
1,418,382
Other creditors
67,081
72,161
------------
------------
1,394,217
1,490,757
------------
------------
8. Related party transactions
Creditors falling due within one year include £1,326,757 (2023 £1,418,383) due to associated companies where Mr S Khan is shareholder and director.