RED UK Property Limited - Filleted accounts

Registered number

12360161

RED UK Property Limited

Filleted Accounts

31 December 2024

RED UK Property Limited
Registered number:		12360161
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Investments	3		317,291			222,291

Current assets
Cash at bank and in hand		22,480			108,554

Creditors: amounts falling due within one year	4	(155,432)			(268,062)

Net current liabilities			(132,952)			(159,508)

Total assets less current liabilities			184,339			62,783

Creditors: amounts falling due after more than one year	5		(59,287)			(24,167)



Net assets			125,052			38,616

Capital and reserves
Called up share capital			1			1
Profit and loss account			125,051			38,615

Shareholders' funds			125,052			38,616

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Davies
Director
Approved by the board on 30 December 2025

RED UK Property Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			0		0


3	Investments
Investments in
subsidiary			Other
undertakings			investments		Total
£			£		£
	Cost
	At 1 January 2024	221,291		1,000		222,291
	Additions	85,000		10,000		95,000

	At 31 December 2024	306,291		11,000		317,291
	Investments in subsidiary undertakings is related to Rockstar Prop 13 Limited (company number: 13642080). This investment totals £181,291 and Blacker Davies Property Group Limited (company number: 15887875). This investment totals £125,000. The director, Ryan Davies, is also a director of both the subsidiary companies.


4	Creditors: amounts falling due within one year			2024		2023
£					£

	Accruals			373		373
	Directors loan account			6		119,659
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			79,089		65,000
	VAT			17,659		-
	Taxation and social security costs			58,305		13,040
	Other creditors			-		69,990
				155,432		268,062


5	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			14,287		24,167
	Other creditors			45,000		-
				59,287		24,167


6	Related party transactions

	A payment of £5,000 was made to Constructive Solutions Support Limited (company number 15411639). The Director, Ryan Davies, is the sole director and shareholder of this company.


7	Controlling party

	The company is controlled by Ryan Davies, by virtue of his shareholding.


8	Other information

	RED UK Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
	101 West Town Lane
	Bristol
	United Kingdom
	BS4 5DX