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REGISTERED NUMBER: 01247052 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

REDWING QUAY LIMITED

REDWING QUAY LIMITED (REGISTERED NUMBER: 01247052)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

REDWING QUAY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | Mr Colin Kenneth Samuelson

| Mr Olav Thomas Cole

| Mr Michael William Toogood

| Mr Mark Downer

| Mr Jeremy James Thompson Tate

| SECRETARY: | Mr Timothy William Woodcock

| REGISTERED OFFICE: | 1 Langley Court

| Pyle Street

| Newport

| Isle of Wight

| PO30 1LA

| REGISTERED NUMBER: | 01247052 (England and Wales)

| ACCOUNTANTS: | Mackenzies, a Xeinadin company

| 1 Langley Court

| Pyle Street

| Newport

| Isle of Wight

| PO30 1LA

REDWING QUAY LIMITED (REGISTERED NUMBER: 01247052)

BALANCE SHEET

31 DECEMBER 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 | 27,768 |  | 27,816 |  |

CURRENT ASSETS

Debtors | 5 | 1,059 |  | 495 |  |

Cash at bank | 43,737 |  | 11,923 |  |

44,796 |  | 12,418 |  |

CREDITORS

Amounts falling due within one year | 6 | 30,389 |  | 23,618 |  |

NET CURRENT ASSETS/(LIABILITIES) | 14,407 |  | (11,200 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 42,175 |  | 16,616 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (3,200 | ) | (3,200 | ) |

PROVISIONS FOR LIABILITIES | 8 | (7,200 | ) | (7,200 | ) |

NET ASSETS | 31,775 |  | 6,216 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 20,000 |  | 20,000 |  |

Retained earnings | 10 | 11,775 |  | (13,784 | ) |

SHAREHOLDERS' FUNDS | 31,775 |  | 6,216 |  |

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

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

REDWING QUAY LIMITED (REGISTERED NUMBER: 01247052)

BALANCE SHEET - continued

31 DECEMBER 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 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 Colin Kenneth Samuelson - Director

REDWING QUAY LIMITED (REGISTERED NUMBER: 01247052)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Redwing Quay 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.

| 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.

| Fixtures and fittings | - | 10% on reducing balance

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

Long | Fixtures |

leasehold | and |

property | fittings | Totals |

| £ | £ | £

| COST

| At 1 January 2024

| and 31 December 2024 | 27,334 |  | 13,649 |  | 40,983 |  |

| DEPRECIATION

| At 1 January 2024 | - |  | 13,167 |  | 13,167 |  |

| Charge for year | - |  | 48 |  | 48 |  |

| At 31 December 2024 | - |  | 13,215 |  | 13,215 |  |

| NET BOOK VALUE

| At 31 December 2024 | 27,334 |  | 434 |  | 27,768 |  |

| At 31 December 2023 | 27,334 |  | 482 |  | 27,816 |  |

| Land and buildings represents a long leasehold property acquired by the company during 1976 on a term of 999 years. No amortisation is provided on this property.

REDWING QUAY LIMITED (REGISTERED NUMBER: 01247052)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| £ | £

| Other debtors | 371 |  | - |  |

| Prepayments | 688 |  | 495 |  |

1,059 |  | 495 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| £ | £

| Trade creditors and accruals | 27,465 |  | 21,194 |  |

| Amounts owed to group undertakings | 2,924 |  | 2,424 |  |

30,389 |  | 23,618 |  |

| Included with trade creditors and accruals are costs related to the ongoing maintenance and repainting of the boat sheds.The total cost is expected to be over £100,000.

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

| £ | £

| Members loans | 3,200 |  | 3,200 |  |

| Unsecured, interest free loans from members totalling £3,200 (2023: £3,200).

8. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

| £ | £

| Other provisions | 7,200 |  | 7,200 |  |

| Other provisions consists of a Crane Hoist Reserve of £7,200 (2023: £7,200).

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

value: |  | £ | £

| 20,000 | Ordinary Shares | £1 | 20,000 |  | 20,000 |  |

REDWING QUAY LIMITED (REGISTERED NUMBER: 01247052)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

10. | RESERVES

Retained |

earnings |

| £

| At 1 January 2024 | (13,784 | ) |

| Profit for the year | 25,559 |  |

| At 31 December 2024 | 11,775 |  |

11. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling party. 75% of the company's issued share capital is held by the ultimate parent company Redwing Club Limited.