REGISTERED NUMBER: 09376863 (England and Wales)

Financial Statements for the Year Ended 31 January 2025

for

Red London Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Goldstone

Mr S Brody

Mr S Sheridan

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

09376863 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Property, plant and equipment

4

794

2,208

Investment property

5

1,445,566

1,445,566

1,446,360

1,447,774

CURRENT ASSETS

Debtors

6

578,398

569,833

Cash at bank and in hand

52,578

118,982

630,976

688,815

CREDITORS

Amounts falling due within one year

7

(432,840

)

(1,347,373

)

NET CURRENT ASSETS/(LIABILITIES)

198,136

(658,558

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,644,496

789,216

CREDITORS

Amounts falling due after more than one year

8

(752,000

)

-

NET ASSETS

892,496

789,216

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

892,484

789,204

SHAREHOLDERS' FUNDS

892,496

789,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr S Brody - Director

1.	STATUTORY INFORMATION

Red London Properties 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 represents rents receivable, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 February 2024

7,534

Additions

1

Disposals

(2,123

)

At 31 January 2025

5,412

DEPRECIATION

At 1 February 2024

5,326

Charge for year

265

Eliminated on disposal

(973

)

At 31 January 2025

4,618

NET BOOK VALUE

At 31 January 2025

794

At 31 January 2024

2,208

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

1,445,566

NET BOOK VALUE

At 31 January 2025

1,445,566

At 31 January 2024

1,445,566

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

28,683

20,365

Amounts owed by associates

356,201

356,201

Other debtors

193,514

193,267

578,398

569,833

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

-

761,333

Trade creditors

8,612

-

Amounts owed to associates

347,643

347,643

Taxation and social security

39,001

99,987

Other creditors

37,584

138,410

432,840

1,347,373

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

752,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

752,000

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

752,000

761,333

The loans are secured over the freehold properties held by the company.

10.	RELATED PARTY DISCLOSURES

Mr Brody, Mr Goldstone and Mr Sheridan are considered to be the key management personnel.