Registration number: 03518567

Redstart Properties Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Redstart Properties Limited

Company Information

Directors

J R Gwilliam J Gwilliam

Company secretary

J R Gwilliam

Registered office

Suite 4 Sterling House Sitka Drive Shrewsbury Shropshire SY2 6LG

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Redstart Properties Limited

(Registration number: 03518567)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	213,177	243,895
Investment property	5	199,442	199,442
		412,619	443,337
Current assets
Debtors	6	416,786	370,768
Cash at bank and in hand		19,655	18,213
		436,441	388,981
Creditors: Amounts falling due within one year	7	(132,139)	(110,241)
Net current assets		304,302	278,740
Total assets less current liabilities		716,921	722,077
Creditors: Amounts falling due after more than one year	7	(6,360)	(15,900)
Provisions for liabilities		(32,182)	(37,487)
Net assets		678,379	668,690
Capital and reserves
Called up share capital	8	2	2
Retained earnings		678,377	668,688
Shareholders' funds		678,379	668,690

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Redstart Properties Limited

(Registration number: 03518567)
Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

J R Gwilliam Company secretary and director

Redstart Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 4
Sterling House
Sitka Drive
Shrewsbury
Shropshire
SY2 6LG
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Redstart Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Redstart Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	59,690	319,113	378,803
Additions	-	68,873	68,873
Disposals	-	(72,903)	(72,903)
At 31 March 2025	59,690	315,083	374,773
Depreciation
At 1 April 2024	38,704	96,204	134,908
Charge for the year	5,247	47,867	53,114
Eliminated on disposal	-	(26,426)	(26,426)
At 31 March 2025	43,951	117,645	161,596
Carrying amount
At 31 March 2025	15,739	197,438	213,177
At 31 March 2024	20,986	222,909	243,895

Included within the net book value of tangible assets is £31,066 (2024 - £57,970) relating to assets held under hire purchase and finance lease agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £5,918 (2024 - £9,461).

5	Investment properties

	2025 £
At 1 April	199,442
At 31 March	199,442

There has been no valuation of investment property by an independent valuer.

Redstart Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	34,808	23,828
Prepayments	3,651	2,053
Other debtors	378,327	344,887
	416,786	370,768

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	9,540	14,195
Trade creditors		28,180	27,900
Taxation and social security		16,337	464
Accruals and deferred income		59,049	48,649
Other creditors		19,033	19,033
		132,139	110,241

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	6,360	15,900

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

Redstart Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	6,360	15,900

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	9,540	14,195

The hire purchase contract liabilities are secured.

10	Related party transactions

At 31 March 2025 the company owed the directors a balance of £19,033 (2024 - £19,033), which is included in Other creditors.