REGISTERED NUMBER: 10073281 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Red Brique Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J P Ashfield

Mrs F A Ashfield

P J L Ashfield

Miss C Ashfield

REGISTERED OFFICE:

3 Lytham Road

Ipswich

Suffolk

IP3 9BL

REGISTERED NUMBER:

10073281 (England and Wales)

ACCOUNTANTS:

Knights Lowe Ltd

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

FIXED ASSETS

Investment property

4

1,640,000

1,606,100

CURRENT ASSETS

Debtors

5

2,624

271

Cash at bank

175,484

123,814

178,108

124,085

CREDITORS

Amounts falling due within one year

6

1,389,072

1,381,298

NET CURRENT LIABILITIES

(1,210,964

)

(1,257,213

)

TOTAL ASSETS LESS CURRENT LIABILITIES

429,036

348,887

PROVISIONS FOR LIABILITIES

7

47,835

29,913

NET ASSETS

381,201

318,974

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

166,154

150,176

Retained earnings

8

214,947

168,698

SHAREHOLDERS' FUNDS

381,201

318,974

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 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 11 December 2025 and were signed on its behalf by:

J P Ashfield - Director

1.	STATUTORY INFORMATION

Red Brique 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 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable.

Turnover relates to rental income generated from the investment properties. Rental income is recognised on an accruals basis.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, bank facilities and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern

At the statement of financial position date, the company had net current liabilities of £1,210,964 (2024: £1,257,213). However included within current liabilities is a loan from a director of £1,373,145 (2024: £1,368,233). The director has confirmed that repayment of the loan will not be sought until cashflow permits.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,606,100

Revaluations

33,900

At 31 March 2025

1,640,000

NET BOOK VALUE

At 31 March 2025

1,640,000

At 31 March 2024

1,606,100

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

12,500

Valuation in 2018

17,000

Valuation in 2019

11,581

Valuation in 2022

139,009

Valuation in 2025

33,900

Cost

1,426,010

1,640,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,426,010

1,426,010

Investment property was valued on an open market basis on 31 March 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,624

271

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

1,230

Taxation and social security

11,572

8,016

Other creditors

1,377,500

1,372,052

1,389,072

1,381,298

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax - investment

property gains

47,835

29,913

47,835

29,913

Deferred

tax

£

Balance at 1 April 2024

29,913

Provided during year

17,922

Balance at 31 March 2025

47,835

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

168,698

150,176

318,874

Profit for the year

62,227

-

62,227

Investment property gains

(15,978

)

15,978

-

At 31 March 2025

214,947

166,154

381,101

9.	RELATED PARTY DISCLOSURES

At 31 March 2025 the company owed the director J P Ashfield £1,373,145 (2024: £1,368,233). This unsecured loan is interest free and has no set date for repayment.