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Company No: 10415783 (England and Wales)

# RED EARTH YEALM LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

RED EARTH YEALM LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

RED EARTH YEALM LIMITED

## BALANCE SHEET

As at 30 September 2025
RED EARTH YEALM LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 1,212,754 |  | 1,166,375
Cash at bank and in hand |  | 432,052 |  | 472,814
|  | 1,644,806 |  | 1,639,189
Creditors: amounts falling due within one year | 4 | ( 517,775) |  | ( 517,112)
Net current assets |  | 1,127,031 |  | 1,122,077
Total assets less current liabilities |  | 1,127,031 |  | 1,122,077
Net assets |  | 1,127,031 |  | 1,122,077
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 1,126,931 |  | 1,121,977
Total shareholders' funds |  | 1,127,031 |  | 1,122,077

For the financial year ending 30 September 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Red Earth Yealm Limited (registered number: 10415783) were approved and authorised for issue by the Board of Directors on 08 January 2026. They were signed on its behalf by:

Mrs J Friend Director |  | Mr S Friend Director

RED EARTH YEALM LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
RED EARTH YEALM LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Red Earth Yealm Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Higher Mill, Thorverton, Exeter, EX5 5LL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 1,212,754 |  | 1,166,375

#### 4. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 0 |  | 573
Accruals | 238,319 |  | 239,020
Taxation and social security | 16,874 |  | 2,084
Other creditors | 262,582 |  | 275,435
| 517,775 |  | 517,112

#### 5. Related party transactions

The Directors' loan accounts are unsecured and repayable on demand. Interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
At 01 October 2024, the balance owed by S & J Friend was £871,809. During the year, £35,000 was advanced to the director, and £nil was repaid by the directors. As at 30 September 2025, the balance owed by the director was £906,809.