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Company Registration No. 14930738 (England and Wales)
Red House Estates Developments Limited Unaudited accounts for the year ended 30 June 2025
Red House Estates Developments Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Red House Estates Developments Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
46,746
7,567
Current assets
Inventories
5
639,578
296,287
Debtors
6
28,933
100
Cash at bank and in hand
3,943
257,394
672,454
553,781
Creditors: amounts falling due within one year
7
(904,318)
(616,328)
Net current liabilities
(231,864)
(62,547)
Total assets less current liabilities
(185,118)
(54,980)
Creditors: amounts falling due after more than one year
8
(10,227)
-
Net liabilities
(195,345)
(54,980)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(195,445)
(55,080)
Shareholders' funds
(195,345)
(54,980)
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2026 and were signed on its behalf by
Stephen Wooler Director Company Registration No. 14930738
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Red House Estates Developments Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Red House Estates Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 14930738. The registered office is 12 Harles Acres, Hickling, Melton Mowbray, Leicestershire, LE14 3AF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The accounts have been prepared on the going concern basis on the understanding that the directors will continue to support the company financially for the foreseeable future.
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Red House Estates Developments Limited Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
10,090
-
10,090
Additions
32,361
22,400
54,761
At 30 June 2025
42,451
22,400
64,851
Depreciation
At 1 July 2024
2,523
-
2,523
Charge for the year
9,982
5,600
15,582
At 30 June 2025
12,505
5,600
18,105
Net book value
At 30 June 2025
29,946
16,800
46,746
At 30 June 2024
7,567
-
7,567
5
Inventories
2025
2024
£
£
Work in progress
639,578
296,287
639,578
296,287
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
8,308
-
Amounts due from group undertakings etc.
100
100
Accrued income and prepayments
13,419
-
Other debtors
7,106
-
28,933
100
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
(6,686)
(8,142)
Obligations under finance leases and hire purchase contracts
4,881
-
Trade creditors
15,084
-
Taxes and social security
454
-
Other creditors
873,471
624,059
Loans from directors
17,114
411
904,318
616,328
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
10,227
-
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Red House Estates Developments Limited Notes to the Accounts for the year ended 30 June 2025
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Stephen Wooler
Transactions with director
(411)
20,081
20,312
(642)
Michael Leech
Transactions with director
-
-
16,472
(16,472)
(411)
20,081
36,784
(17,114)
10
Transactions with related parties
During the year, director S. Wooler made loans to the company of £140,000 (2024: £525,000). Interest is being accrued at a rate of 15%. At the end of the year an amount of £810,942 was owing to him. This loan is repayable on demand. During the year, director S. Bowers made loans to the company of £0 (2024: £50,000). Interest is being accrued at a rate of 15%. At the end of the year an amount of £62,529 was owing to her. This loan is repayable on demand.
11
Controlling party
The ultimate controlling party is that of Red House Estates Holdings Limited (Company number: 14930311) of 12 Harles Acres, Hickling, Melton Mowbray, Leicestershire, LE14 3AF who hold 100% of the issued share capital.
12
Average number of employees
During the year the average number of employees was 2 (2024: 0).
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