REGISTERED NUMBER: 01193401 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

REDHILL MARINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R S Morley

REGISTERED OFFICE:

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

REGISTERED NUMBER:

01193401 (England and Wales)

ACCOUNTANTS:

Lemans

Chartered Certified Accountants

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

FIXED ASSETS

Tangible assets

4

628,601

656,692

Investments

5

100

100

628,701

656,792

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

6

6,574

-

7,574

1,000

CREDITORS

Amounts falling due within one year

7

467,952

491,618

NET CURRENT LIABILITIES

(460,378

)

(490,618

)

TOTAL ASSETS LESS CURRENT LIABILITIES

168,323

166,174

CAPITAL AND RESERVES

Called up share capital

8

200,000

200,000

Revaluation reserve

9

85,426

85,426

Retained earnings

9

(117,103

)

(119,252

)

SHAREHOLDERS' FUNDS

168,323

166,174

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 November 2025 and were signed by:

R S Morley - Director

1.	STATUTORY INFORMATION

Redhill Marine 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

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.

Marina development

-

2% on cost

Plant, caravans & fixtures

-

10% on reducing balance

Planning costs

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Planning costs

The company is involved with long term planning issues, the outcome of which are uncertain, and the director believes that the issues may take five years to resolve. Accordingly planning costs are capitalised and depreciated at 20% on a straight line basis. To the extent that any of the future outcomes are not favourable then the relevant unamortised planning costs will be charged to the profit and loss account in the year that the outcome becomes known.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant,

Marina

caravans

Planning

development

& fixtures

costs

Totals

£

£

£

£

COST

At 1 April 2024

743,308

766,683

410,421

1,920,412

Additions

-

9,782

8,773

18,555

At 31 March 2025

743,308

776,465

419,194

1,938,967

DEPRECIATION

At 1 April 2024

377,077

476,223

410,420

1,263,720

Charge for year

14,867

30,024

1,755

46,646

At 31 March 2025

391,944

506,247

412,175

1,310,366

NET BOOK VALUE

At 31 March 2025

351,364

270,218

7,019

628,601

At 31 March 2024

366,231

290,460

1

656,692

Depreciation is provided for the year under review. The director believes that the value of the development is in excess of the book amount.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

6,574

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

83,171

119,549

Trade creditors

9,427

32,186

Corporation tax

13,950

10,646

Social security and other taxes

-

7,280

Other creditors

293,735

288,381

Creditors

63,001

27,701

Accrued expenses

4,668

5,875

467,952

491,618

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

200,000

Ordinary shares

£1

200,000

200,000

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

(119,252

)

85,426

(33,826

)

Profit for the year

2,149

2,149

At 31 March 2025

(117,103

)

85,426

(31,677

)