REGISTERED NUMBER: 09423540 (England and Wales)

Report of the Director and

Unaudited Consolidated Financial Statements for the Year Ended 31 August 2025

for

The Redshank Group Ltd

Page

Company Information

1

Report of the Director

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Notes to the Consolidated Financial Statements

8

DIRECTOR:

T M Carlton-King

REGISTERED OFFICE:

3 Palmerston Mansions

Palmerston Road

Southsea

Hampshire

PO5 3QJ

REGISTERED NUMBER:

09423540 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

The director presents his report with the financial statements of the company and the group for the year ended 31 August 2025.

DIRECTOR

T M Carlton-King held office during the whole of the period from 1 September 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

T M Carlton-King - Director

12 December 2025

TURNOVER

3,901,527

3,932,471

Cost of sales

3,204,785

3,168,010

GROSS PROFIT

696,742

764,461

Administrative expenses

610,151

639,783

86,591

124,678

Other operating income

5,933

6,848

OPERATING PROFIT

92,524

131,526

Interest receivable and similar income

4,017

3,029

96,541

134,555

Interest payable and similar expenses

1,240

605

PROFIT BEFORE TAXATION

95,301

133,950

Tax on profit

23,835

31,730

PROFIT FOR THE FINANCIAL YEAR

71,466

102,220

Profit attributable to:

Owners of the parent

71,466

102,220

FIXED ASSETS

Tangible assets

6

20,730

32,757

Investments

7

-

-

20,730

32,757

CURRENT ASSETS

Stocks

138,835

132,533

Debtors

8

638,420

509,493

Cash at bank

79,997

111,719

857,252

753,745

CREDITORS

Amounts falling due within one year

9

604,811

501,252

NET CURRENT ASSETS

252,441

252,493

TOTAL ASSETS LESS CURRENT LIABILITIES

273,171

285,250

CREDITORS

Amounts falling due after more than one year

10

(17,050

)

(23,250

)

PROVISIONS FOR LIABILITIES

(4,489

)

(2,474

)

NET ASSETS

251,632

259,526

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

251,532

259,426

SHAREHOLDERS' FUNDS

251,632

259,526

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

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

The director acknowledges his responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

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

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

T M Carlton-King - Director

FIXED ASSETS

Tangible assets

6

18,790

28,417

Investments

7

252

352

19,042

28,769

CURRENT ASSETS

Stocks

73,480

73,000

Debtors

8

218,161

217,772

Cash at bank

2,248

47,106

293,889

337,878

CREDITORS

Amounts falling due within one year

9

79,143

131,493

NET CURRENT ASSETS

214,746

206,385

TOTAL ASSETS LESS CURRENT LIABILITIES

233,788

235,154

CREDITORS

Amounts falling due after more than one year

10

(17,050

)

(23,250

)

PROVISIONS FOR LIABILITIES

(4,004

)

(1,389

)

NET ASSETS

212,734

210,515

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

212,634

210,415

SHAREHOLDERS' FUNDS

212,734

210,515

Company's profit for the financial year

46,149

47,217

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

T M Carlton-King - Director

1.	STATUTORY INFORMATION

The Redshank Group Ltd 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 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

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

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 Consolidated 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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 group operates a defined contribution pension scheme. Contributions payable to the group'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 13 (2024 - 14 ) .

4.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

5.

DIVIDENDS

31.8.25

31.8.24

£

£

Ordinary shares of £1 each

Interim

43,930

38,930

Further dividends of £35,430 (2024 £51,484) were paid on the non-voting shares in Redshank Online Ltd.

6.	TANGIBLE FIXED ASSETS

Group

Fixtures

Motor

Computer

& fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

3,293

31,000

24,790

59,083

Additions

-

795

-

795

At 31 August 2025

3,293

31,795

24,790

59,878

DEPRECIATION

At 1 September 2024

2,758

2,583

20,985

26,326

Charge for year

178

10,422

2,222

12,822

At 31 August 2025

2,936

13,005

23,207

39,148

NET BOOK VALUE

At 31 August 2025

357

18,790

1,583

20,730

At 31 August 2024

535

28,417

3,805

32,757

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

31,000

DEPRECIATION

At 1 September 2024

2,583

Charge for year

10,334

At 31 August 2025

12,917

NET BOOK VALUE

At 31 August 2025

18,083

At 31 August 2024

28,417

Company

Fixtures

Motor

Computer

& fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

2,579

31,000

17,597

51,176

Additions

-

795

-

795

At 31 August 2025

2,579

31,795

17,597

51,971

DEPRECIATION

At 1 September 2024

2,579

2,583

17,597

22,759

Charge for year

-

10,422

-

10,422

At 31 August 2025

2,579

13,005

17,597

33,181

NET BOOK VALUE

At 31 August 2025

-

18,790

-

18,790

At 31 August 2024

-

28,417

-

28,417

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

31,000

DEPRECIATION

At 1 September 2024

2,583

Charge for year

10,334

At 31 August 2025

12,917

NET BOOK VALUE

At 31 August 2025

18,083

At 31 August 2024

28,417

7.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

At 1 September 2024

352

Disposals

(100

)

At 31 August 2025

252

NET BOOK VALUE

At 31 August 2025

252

At 31 August 2024

352

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.8.25

31.8.24

31.8.25

31.8.24

£

£

£

£

Trade debtors

620,218

488,414

99,852

129,365

Amounts owed by group undertakings

-

-

110,948

84,900

Other debtors

18,202

21,079

7,361

3,507

638,420

509,493

218,161

217,772

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.8.25

31.8.24

31.8.25

31.8.24

£

£

£

£

Hire purchase contracts

6,200

6,200

6,200

6,200

Trade creditors

432,802

346,770

2,317

70,909

Amounts owed to group undertakings

-

-

26,478

23,022

Taxation and social security

74,542

55,548

42,433

20,385

Other creditors

91,267

92,734

1,715

10,977

604,811

501,252

79,143

131,493

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group

Company

31.8.25

31.8.24

31.8.25

31.8.24

£

£

£

£

Hire purchase contracts

17,050

23,250

17,050

23,250

11.	RELATED PARTY DISCLOSURES

Redshank IT Services Ltd

Subsidiary

31.8.25

31.8.24

£

£

Amount due from related party at the balance sheet date

110,949

84,443

Redshank Online Ltd

Subsidiary

31.8.25

31.8.24

£

£

Amount due to related party at the balance sheet date

14,734

20,653

Carlton Premium Products Ltd

Associated company

31.8.25

31.8.24

£

£

Amount due (to)/from related party at the balance sheet date

(2,343

)

458

Redshank Office Supplies Ltd

Subsidiary

31.8.25

31.8.24

£

£

Amount due (to)/from related party at the balance sheet date

(11,744

)

2,267

Redshank IT Support Ltd

Subsidiary

31.8.25

31.8.24

£

£

Amount due to related party at the balance sheet date

-

101

T M Carlton-King

Director

31.8.25

31.8.24

£

£

Amount due to related party at the balance sheet date

127

120

12.	ULTIMATE CONTROLLING PARTY

The controlling party is T M Carlton-King.