Registration number: NI049961

Redpark Properties Limited

(Registration number: NI049961)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	331,979	335,644
Current assets
Stocks	5	134,318	133,621
Debtors	6	1,331	2,537
Cash at bank and in hand		10,861	1,589
		146,510	137,747
Creditors: Amounts falling due within one year	7	(17,676)	(15,900)
Net current assets		128,834	121,847
Total assets less current liabilities		460,813	457,491
Creditors: Amounts falling due after more than one year	8	(171,043)	(174,930)
Net assets		289,770	282,561
Capital and reserves
Called up share capital	9	4	4
Retained earnings		289,766	282,557
Shareholders' funds		289,770	282,561

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Redpark Properties Limited

(Registration number: NI049961)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 11 December 2025
 

......................................... Mr John Victor Clarke Director

Redpark 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 Northern Ireland.

The address of its registered office is: 67 Tully Road, Dunnyvadden, Ballymena, Co. Antrim, BT42 3HT.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of development properties. Turnover is recognised at the contract date.
Rental income comprises rents received and receivable for the year.

Investment property

Investment properties are initially measured at cost. Cost comprises the purchase price and any directly attributable expenditure including fees, taxes and other transaction costs. Direct costs initially incurred in arranging a lease are included in the cost of the property and subsequently expensed over the lease term. Investment properties are measured at fair value at each reporting date with any changes in fair value recognised in the profit and loss account.

Tax

The tax expense for the period comprises current 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. he 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.

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.

Redpark Properties Limited

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

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
Motor vehicles	20% straight line basis
Fixtures and fittings	20% straight line basis
Plant and equipment	20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Properties for development are valued at the lower of cost and net realisable value. Net realisable
value is calculated on anticipated selling price less additional costs to completion.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs and are subsequently carried at amortised cost. Non-interest bearing loans from directors and/or shareholders are held at transaction price. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Redpark Properties Limited

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

4	Tangible assets

	Investment properties £	Fixtures & fittings  £	Motor vehicles  £	Plant and equipment  £	Total £
Cost or valuation
At 1 April 2024	318,147	10,759	29,387	21,755	380,048
At 31 March 2025	318,147	10,759	29,387	21,755	380,048
Depreciation
At 1 April 2024	-	10,361	12,637	21,406	44,404
Charge for the year	-	198	3,350	117	3,665
At 31 March 2025	-	10,559	15,987	21,523	48,069
Carrying amount
At 31 March 2025	318,147	200	13,400	232	331,979
At 31 March 2024	318,147	398	16,750	349	335,644