REGISTERED NUMBER: 05488369 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Red Sky Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J B F Biddall

M Hulland

SECRETARY:

Mrs G F M Biddall

REGISTERED OFFICE:

Suite C

2 North Street

Dorking

Surrey

RH4 1DN

REGISTERED NUMBER:

05488369 (England and Wales)

ACCOUNTANTS:

Mapperson Price, Chartered Accountants

Suite C

2 North Street

Dorking

Surrey

RH4 1DN

FIXED ASSETS

Tangible assets

4

53,903

76,825

CURRENT ASSETS

Debtors

5

222,581

199,935

Cash at bank and in hand

230,901

519,598

453,482

719,533

CREDITORS

Amounts falling due within one year

6

248,736

386,022

NET CURRENT ASSETS

204,746

333,511

TOTAL ASSETS LESS CURRENT LIABILITIES

258,649

410,336

CREDITORS

Amounts falling due after more than one year

7

(65,063

)

(101,064

)

PROVISIONS FOR LIABILITIES

(3,103

)

(5,359

)

NET ASSETS

190,483

303,913

CAPITAL AND RESERVES

Called up share capital

8

300

300

Retained earnings

190,183

303,613

SHAREHOLDERS' FUNDS

190,483

303,913

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

J B F Biddall - Director

1.	STATUTORY INFORMATION

Red Sky Property 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.

Plant and machinery etc

-

100% on cost, 25% on reducing balance and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Assets held under hire purchase or finance lease agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight-line basis.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

187,194

Additions

1,684

Disposals

(11,800

)

At 31 December 2024

177,078

DEPRECIATION

At 1 January 2024

110,369

Charge for year

17,969

Eliminated on disposal

(5,163

)

At 31 December 2024

123,175

NET BOOK VALUE

At 31 December 2024

53,903

At 31 December 2023

76,825

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

36,406

112,155

Other debtors

186,175

87,780

222,581

199,935

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

30,833

30,833

Hire purchase contracts

5,169

5,169

Trade creditors

7,465

6,354

Taxation and social security

147,628

300,374

Other creditors

57,641

43,292

248,736

386,022

Included in other creditors is a loan from Mr J B F Biddall, director, of £250 (2023: £Nil) and a loan from Mr M Hulland, director, of £29,992 (2023: £30,000).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

59,375

90,208

Hire purchase contracts

5,688

10,856

65,063

101,064

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

300

300

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

J B F Biddall

Balance outstanding at start of year

-

281

Amounts repaid

-

(281

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr J B F Biddall and his wife, Mrs G F M Biddall.