REGISTERED NUMBER: 06713318 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

REDWATER DEVELOPMENTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N W Cartwright

S F McCaul

SECRETARY:

N W Cartwright

REGISTERED OFFICE:

The Barn

232 Chaddock Lane

Worsley

M28 1DN

REGISTERED NUMBER:

06713318 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

FIXED ASSETS

Tangible assets

4

2,728

1,699

Investments

5

2

2

2,730

1,701

CURRENT ASSETS

Debtors

2,045,690

2,345,924

Cash at bank and in hand

2,659

44,462

2,048,349

2,390,386

CREDITORS

Amounts falling due within one year

3,543,364

3,436,800

NET CURRENT LIABILITIES

(1,495,015

)

(1,046,414

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,492,285

)

(1,044,713

)

CREDITORS

Amounts falling due after more than one year

6

33,243

40,048

NET LIABILITIES

(1,525,528

)

(1,084,761

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(1,525,530

)

(1,084,763

)

SHAREHOLDERS' FUNDS

(1,525,528

)

(1,084,761

)

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23rd September 2025 and were signed on its behalf by:

S F McCaul - Director

1.	STATUTORY INFORMATION

Redwater Developments 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

The financial statements have been prepared on a going concern basis which assumes the continuing support of the company's creditors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Investments in associates

Investments in associate undertakings are recognised at 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

3,813

Additions

1,890

At 31st December 2024

5,703

DEPRECIATION

At 1st January 2024

2,114

Charge for year

861

At 31st December 2024

2,975

NET BOOK VALUE

At 31st December 2024

2,728

At 31st December 2023

1,699

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st January 2024

and 31st December 2024

2

NET BOOK VALUE

At 31st December 2024

2

At 31st December 2023

2

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable by instalments

Bank loan

-

48

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

49,477

64,171

The company assets are secured by fixed and floating charges, dated 16 December 2015, in favour of Goldentree Financial Services PLC.

A charge registered on 16 December 2015, in favour of Goldentree Financial Services PLC, in relation to freehold land lying to the south east of Oldham Road, Sowerby Bridge, remains outstanding to date.

A charge registered on 6 March 2018, in favour of Goldentree Financial Services PLC, in relation to freehold land lying to the south east of Oldham Road, Sowerby Bridge, remains outstanding to date.

A charge registered on 6 March 2018, in favour of Goldentree Financial Services PLC, in relation to Riverside Complex, Ripponden, Sowerby Bridge, remains outstanding to date.

A charge registered on 23 December 2022, in favour of Great Places Housing Association, in relation to a lease of land at Hilltop Road, Walkden, remains outstanding to date.

A charge registered on 23 December 2022, in favour of Great Places Housing Association, in relation to a licence on land to the east of Harriet Street, Walkden, remains outstanding to date.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

S F McCaul

Balance outstanding at start of year

31,115

-

Amounts advanced

-

31,115

Amounts repaid

(31,115

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

31,115

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors who own all of the issued share capital.