REGISTERED NUMBER: 01247052 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

REDWING QUAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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.