REGISTERED NUMBER: OC400023 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RED EQUITY LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J M Fallows

Mrs N A Fallows

REGISTERED OFFICE:

5 Brooklands Place

Brooklands Road

Sale

Cheshire

M33 3SD

REGISTERED NUMBER:

OC400023 (England and Wales)

ACCOUNTANTS:

Harold Sharp Limited

Chartered Accountants

5 Brooklands Place

Brooklands Road

Sale

Cheshire

M33 3SD

FIXED ASSETS

Investment property

4

1,550,000

835,294

CURRENT ASSETS

Debtors

5

68,597

214,291

Cash at bank

8,977

4,652

77,574

218,943

CREDITORS

Amounts falling due within one year

6

(61,058

)

(60,130

)

NET CURRENT ASSETS

16,516

158,813

TOTAL ASSETS LESS CURRENT LIABILITIES

1,566,516

994,107

CREDITORS

Amounts falling due after more than one year

7

(591,308

)

(638,284

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

975,208

355,823

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

2,648

-

MEMBERS' OTHER INTERESTS

Capital accounts

972,560

355,823

975,208

355,823

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

2,648

-

Members' other interests

972,560

355,823

Amounts due from members

5

(64,707

)

(208,067

)

910,501

147,756

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 25 September 2025 and were signed by:

J M Fallows - Designated member

1.	STATUTORY INFORMATION

Red Equity LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

835,294

Revaluations

714,706

At 31 March 2025

1,550,000

NET BOOK VALUE

At 31 March 2025

1,550,000

At 31 March 2024

835,294

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

714,706

Cost

835,294

1,550,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

835,294

-

The investment properties were valued on an open market basis on 30 September 2024 by the Members .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

68,597

214,291

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

52,658

51,874

Trade creditors

-

1

Taxation and social security

5,350

5,350

Other creditors

3,050

2,905

61,058

60,130

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

591,308

638,284

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

2,648

-

Falling due within one year

2,648

-

Loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up.