REGISTERED NUMBER: 01242768 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

REDWING CLUB 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

Mr Thomas Montagu Douglas Scott

SECRETARY:

Mr Timothy William Woodcock

REGISTERED OFFICE:

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

REGISTERED NUMBER:

01242768 (England and Wales)

ACCOUNTANTS:

Mackenzies, a Xeinadin company

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Investments

4

15,000

15,000

CURRENT ASSETS

Debtors

5

3,289

2,772

CREDITORS

Amounts falling due within one year

6

615

598

NET CURRENT ASSETS

2,674

2,174

TOTAL ASSETS LESS CURRENT LIABILITIES

17,674

17,174

CREDITORS

Amounts falling due after more than one year

7

8,686

8,686

NET ASSETS

8,988

8,488

CAPITAL AND RESERVES

Called up share capital

8

8,604

8,351

Share premium

9

3,456

3,209

Retained earnings

9

(3,072

)

(3,072

)

SHAREHOLDERS' FUNDS

8,988

8,488

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 Club 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

15,000

NET BOOK VALUE

At 31 December 2024

15,000

At 31 December 2023

15,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

2,924

2,424

Other debtors

365

348

3,289

2,772

Other debtors consists of a management fee payable to the company by Redwing Quay Limited.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

615

598

Other creditors consists of an accrual for accountancy fees.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Debenture

8,686

8,686

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Debenture

8,686

8,686

The non-interest bearing debentures were constituted by a deed dated 13th July 1976 and are repayable at the company's sole discretion.

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

34,408

Share capital 1

25p

8,604

8,351

(2023 - 33,396 )

1,012 Ordinary shares of 25p were issued during the year for cash of £ 500 .

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

(3,072

)

3,209

137

Profit for the year

-

-

Cash share issue

-

247

247

At 31 December 2024

(3,072

)

3,456

384

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. There are 62 shareholders, and the largest shareholding represents 3% of the issued share capital.