1 September 2024 v2026.15.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP095416992024-09-012025-08-31095416992025-08-31095416992024-08-3109541699core:WithinOneYear2025-08-3109541699core:WithinOneYear2024-08-3109541699core:AfterOneYear2025-08-3109541699core:AfterOneYear2024-08-3109541699core:ShareCapital2025-08-3109541699core:ShareCapital2024-08-3109541699core:RetainedEarningsAccumulatedLosses2025-08-3109541699core:RetainedEarningsAccumulatedLosses2024-08-3109541699bus:Director12024-09-012025-08-3109541699bus:RegisteredOffice2024-09-012025-08-3109541699core:LandBuildings2025-08-3109541699core:LandBuildings2024-08-310954169912024-09-012025-08-31095416992023-09-012024-08-3109541699countries:EnglandWales2024-09-012025-08-3109541699bus:AuditExempt-NoAccountantsReport2024-09-012025-08-3109541699bus:PrivateLimitedCompanyLtd2024-09-012025-08-3109541699bus:SmallEntities2024-09-012025-08-3109541699bus:FullAccounts2024-09-012025-08-31
Company registration number:
09541699
Red Cloud Properties Ltd
Unaudited Filleted Financial Statements for the year ended
31 August 2025
Red Cloud Properties Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Red Cloud Properties Ltd
Year ended
31 August 2025
As described on the statement of financial position, the Board of Directors of
Red Cloud Properties Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 August 2025
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Red Cloud Properties Ltd
476 Topsham Road
Exeter
EX2 7AJ
United Kingdom
Red Cloud Properties Ltd
Statement of Financial Position
31 August 2025
20252024
as restated
Note££
Fixed assets    
Tangible assets 5
212,000
 
212,000
 
Current assets    
Cash at bank and in hand
1,286
 
687
 
Creditors: amounts falling due within one year 6
(24,000
 )
(24,234
 )
Net current liabilities
(22,714
 )
(23,547
 )
Total assets less current liabilities 189,286   188,453  
Creditors: amounts falling due after more than one year 7
(147,058
 )
(143,762
 )
Provisions for liabilities
(9,700
 )
(9,700
 )
Net assets
32,528
 
34,991
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
32,428
 
34,891
 
Shareholders funds
32,528
 
34,991
 
For the year ending
31 August 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 year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
20 April 2026
, and are signed on behalf of the board by:
P Soper
Director
Company registration number:
09541699
Red Cloud Properties Ltd
Notes to the Financial Statements
Year ended
31 August 2025

1 General information

Red Cloud Properties Ltd is a private company limited by shares and is registered in England and Wales, registration number 09541699. The address of the registered office is
476 Topsham Road
,
Exeter
,
Devon
,
EX2 7AJ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover represents the value of rental income from investment properties plus any work carried out in respect of services provided to tenants and other customers.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Deferred tax

Deferred taxation is provided on investment property gains. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2024: nil).

5 Tangible assets

Land and buildings
£
Cost  
At
1 September 2024
and
31 August 2025
212,000
 
Depreciation  
At
1 September 2024
and
31 August 2025
 -  
Carrying amount  
At
31 August 2025
212,000
 
At 31 August 2024
212,000
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2025
£
Carrying value at
1 September 2024
and
31 August 2025
212,000
 

6 Creditors: amounts falling due within one year

20252024
££
Taxation and social security -  
1
 
Other creditors
24,000
 
24,233
 
24,000
 
24,234
 
Other creditors consists of loans from directors. These are repayable on demand, however at present the directors have agreed not to seek repayment until the Company has sufficient funds to pay the amounts outstanding.

7 Creditors: amounts falling due after more than one year

20252024
££
Other creditors
147,058
 
143,762
 
'Other creditors' includes interest-only loans from investors that have not yet been repaid, and director's loans. It has currently been agreed not to seek repayment of the capital or interest until the Company has sufficient funds to pay the amounts outstanding.
Bank loans and mortgages are secured with a fixed and floating charge over the assets of the Company.

8 Prior period errors

Prior year adjustment – Correction of rounding error: Upon moving to different accounting software this year, it was identified that rounding errors when rounding up/down for final accounts. This did not impact the asset values or creditors due in one year, but for clarity when comparing 2024 accounts with the 2024 column in this set, the following changes have been made in these statements: Cash at bank and in hand increased by +£1, Creditors: amounts falling due after more than 1 year -£1, Deferred tax -£1. Overall effect: Net assets and shareholders funds are +£3 higher in these statements.