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REGISTERED NUMBER: 03458530 (England and Wales)

































Unaudited Financial Statements

For The Year Ended

31 March 2025

for

REDKNIGHT LIMITED

REDKNIGHT LIMITED (REGISTERED NUMBER: 03458530)






Contents of the Financial Statements
For The Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REDKNIGHT LIMITED

Company Information
For The Year Ended 31 March 2025







DIRECTORS: Mr T C Dears
Mr H I Bodansky
Mr R T Dears
Mr A Jones





REGISTERED OFFICE: 8 Eastway
Sale
Cheshire
M33 4DX





REGISTERED NUMBER: 03458530 (England and Wales)





ACCOUNTANTS: Leavitt Walmsley Associates Limited
Chartered Certified Accountants
8 Eastway
Sale
Cheshire
M33 4DX

REDKNIGHT LIMITED (REGISTERED NUMBER: 03458530)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 3,878
Investment property 5 1,971,000 1,900,000
1,971,000 1,903,878

CURRENT ASSETS
Debtors 6 265,217 123,141
Cash at bank 38,007 37,175
303,224 160,316
CREDITORS
Amounts falling due within one year 7 79,811 279,219
NET CURRENT ASSETS/(LIABILITIES) 223,413 (118,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,194,413

1,784,975

CREDITORS
Amounts falling due after more than one year 8 (351,017 ) -

PROVISIONS FOR LIABILITIES (30,193 ) (30,193 )
NET ASSETS 1,813,203 1,754,782

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 14,000 14,000
Non-distributable reserve 9 853,637 853,637
Retained earnings 944,566 886,145
SHAREHOLDERS' FUNDS 1,813,203 1,754,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

REDKNIGHT LIMITED (REGISTERED NUMBER: 03458530)

Balance Sheet - continued
31 March 2025


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:





Mr R T Dears - Director


REDKNIGHT LIMITED (REGISTERED NUMBER: 03458530)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Redknight 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs which are directly attributable in bringing the asset to its location and condition so that it is capable of operating in the manner intended by management.

Profits and losses on the disposal of fixed assets are included in the calculation of profit for the year.

The directors assess the company's tangible assets for evidence of impairment at each reporting date. Where there are indicators of impairment, the directors calculate recoverable amount of the asset(s) and compare this with the carrying amount. If recoverable amount is lower than carrying amount, the asset is written down to recoverable amount by way of an impairment loss which is recognised in profit or loss for the year. Impairment losses are reversed when there is evidence that the reasons giving rise to the original impairment loss have ceased to apply. Impairment losses are reversed through profit and loss, but only to the extent that the reversal does not increase the carrying amount of the asset to the amount which would have been stated, net of depreciation, had no impairment loss been recognised.

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.

Investment property is recorded at fair value at each reporting date with fair value gains and losses being recorded in the profit and loss account. Deferred tax consequences in respect of fair value adjustments on investment property are also recorded in profit and loss account. Gains, net of deferred tax, are non-distributable to the shareholders and are presented in a separate component of equity in the balance sheet.

REDKNIGHT LIMITED (REGISTERED NUMBER: 03458530)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit or loss. All other investments are subsequently measured at cost less impairment.

Debtors and creditors which fall due within one year are recorded in the financial statements at transaction price and subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded in profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt.

Debtors do not carry interest and are stated at their nominal value.

Trade creditors are not interest-bearing and are stated at their nominal value.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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. Deferred tax is calculated using timing difference plus approach.

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.

Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year with an associated expense in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

REDKNIGHT LIMITED (REGISTERED NUMBER: 03458530)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2024 5,000
Disposals (5,000 )
At 31 March 2025 -
DEPRECIATION
At 1 April 2024 1,122
Eliminated on disposal (1,122 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 3,878

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 1,900,000
Additions 71,000
At 31 March 2025 1,971,000
NET BOOK VALUE
At 31 March 2025 1,971,000
At 31 March 2024 1,900,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2010 1,263,364
Valuation in 2017 (20,000 )
Valuation in 2018 (230,000 )
Valuation in 2021 (150,000 )
Valuation in 2023 50,000
Cost 1,057,636
1,971,000

Investment property is recorded at fair value at each reporting date with fair value gains and losses being recorded in the profit and loss account. Deferred tax consequences in respect of fair value adjustments on investment property are also recorded in profit and loss account. Gains, net of deferred tax, are non-distributable to the shareholders and are presented in a separate component of equity in the balance sheet.

REDKNIGHT LIMITED (REGISTERED NUMBER: 03458530)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

6. DEBTORS
31.3.25 31.3.24
£    £   
Amounts falling due within one year:
Trade debtors 21,164 13,699
Other debtors 51,712 66,460
Directors' current accounts - 42,982
Tax 7,341 -
80,217 123,141

Amounts falling due after more than one year:
Other debtors 185,000 -

Aggregate amounts 265,217 123,141

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 4,895 3,781
Tax 70 23,996
VAT 1,765 1,746
Other creditors 31,670 36,498
Directors' current accounts 18 205,000
Accruals and deferred income 41,393 8,198
79,811 279,219

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans - 2-5 years 351,017 -

9. RESERVES
Non-distributable
reserve
£   
At 1 April 2024
and 31 March 2025 853,637