REGISTERED NUMBER: 09201997 (England and Wales)

RED DEER INVESTMENTS

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

K Wagner (Deceased)

Mrs D A Wagner

REGISTERED OFFICE:

Bushy Park House

1 Sandy Lane

Hampton Wick

Kingston on Thames

Surrey

KT1 4BB

REGISTERED NUMBER:

09201997 (England and Wales)

ACCOUNTANTS:

Johns Jones & Lo Limited

Chartered Accountants & Registered Auditors

16 Lambourne Crescent

Cardiff Business Park

Llanishen

Cardiff

CF14 5GF

FIXED ASSETS

Investments

4

6,368,103

6,223,926

CURRENT ASSETS

Debtors

5

800

-

Cash at bank

168,678

56,964

169,478

56,964

CREDITORS

Amounts falling due within one year

6

599,457

576,183

NET CURRENT LIABILITIES

(429,979

)

(519,219

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,938,124

5,704,707

CAPITAL AND RESERVES

Called up share capital

3,334,074

3,334,074

Fair value reserve

7

788,285

1,095,296

Retained earnings

1,815,765

1,275,337

SHAREHOLDERS' FUNDS

5,938,124

5,704,707

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 31st October 2025 and were signed on its behalf by:

K Wagner (Deceased) - Director

1.	STATUTORY INFORMATION

Red Deer Investments 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

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

Significant judgments:

Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.

Recoverability of debtors

Estimation is involved in the assessment of the recoverability of debtors and the calculation of the associated

bad debt provision. Factors such as the age of the debt, prior experience and recoverability statistics are included in management's assessment.

Useful economic lives of tangible fixed assets

Tangible fixed assets are depreciated over their useful economic lives taking into account residual values, where appropriate. Management regularly reviews the assets' useful economic lives. Changes in assets' useful economic lives can have a significant impact on depreciation for the period. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Provision for impairments

Tangible fixed assets are reviewed for signs of impairment each year and written down accordingly. All tangible fixed assets are reviewed by management in conjunction with market data and other relevant information. Changes in any of the factors considered for impairments can affect the value reported in the financial statements.

Financial instruments note:

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks. Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, initial measurement is at the present value of future cash flows discounted at a market rate of interest. Subsequent measurement is at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, an impairment loss is recognised in the statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between carrying amount and the present value of estimated cash flows discounted at the original effective interest rate. If the financial instrument has a variable interest rate the currently effective rate under the contract is used.

A financial asset is derecognised only when the contractual rights to the cash flows from the financial asset expire or are settled or, substantially all of the risks and rewards of ownership of the financial asset have been transferred to another party or when despite having retained some, but not substantially all, risks and rewards of ownership, control of the asset has been transferred to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case, the company derecognises the asset and recognises separately any rights and obligations retained or created in the transfer. A financial liability is derecognised when the contract that gives rise to it is settled, sold, cancelled, or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in profit or loss.

Hires:

Cash and cash equivalents: (retirement)

Cash and cash equivalents include cash in hand, and deposits held at call with banks.

Going concern: (freeform 1)

These financial statements have been prepared on a going concern basis on the grounds that the Directors consider that the Company has sufficient cash resources to enable the Company to continue to meet its liabilities as they fall due.

Debtors (Freeform 2)

Debtors include trade debtors and certain other financial instruments, prepayments, and deferred tax assets, where applicable. Prepayments are payments made for goods or services that will be received in the future.

Creditors (freeform 3):

Creditors include trade creditors and certain other short and long-term financial instruments.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

These financial statements have been prepared on a going concern basis on the grounds that the Directors consider that the Company has sufficient cash resources to enable the Company to continue to meet its liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st April 2024

6,223,926

Additions

4,561,834

Disposals

(4,417,657

)

At 31st March 2025

6,368,103

NET BOOK VALUE

At 31st March 2025

6,368,103

At 31st March 2024

6,223,926

Cost or valuation at 31st March 2025 is represented by:

Other

investments

£

Valuation in 2025

788,285

Cost

5,579,818

6,368,103

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

5,579,818

5,128,630

Fixed asset investments were valued on an open market basis on 31st March 2025 by RBC Dominion Securities .

Fixed asset investments are investments in publicly traded companies and have been revalued in line with their market value at the balance sheet date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

800

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

139,361

7,906

Other creditors

460,096

568,277

599,457

576,183

7.

RESERVES

Fair

value

reserve

£

At 1st April 2024

1,095,296

Non distributable reserves

(307,011

)

At 31st March 2025

788,285

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

K Wagner (Deceased) and Mrs D A Wagner

Balance outstanding at start of year

(566,916

)

(593,117

)

Amounts advanced

120,000

54,000

Amounts repaid

(10,540

)

(27,799

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(457,456

)

(566,916

)

No interest is being charged on the loan from the director. The loan is repayable upon demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Deborah Wagner.