IRIS Accounts Production v26.1.0.640 14865708 Board of Directors 1.6.24 28.2.25 28.2.25 buying and selling of own real estate. 0 0 false true false false true false 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 14865708 2024-05-31 14865708 2025-02-28 14865708 2024-06-01 2025-02-28 14865708 2023-05-11 14865708 2023-05-12 2024-05-31 14865708 2024-05-31 14865708 ns15:EnglandWales 2024-06-01 2025-02-28 14865708 ns14:PoundSterling 2024-06-01 2025-02-28 14865708 ns10:Director1 2024-06-01 2025-02-28 14865708 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-02-28 14865708 ns10:SmallEntities 2024-06-01 2025-02-28 14865708 ns10:AuditExemptWithAccountantsReport 2024-06-01 2025-02-28 14865708 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-02-28 14865708 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-02-28 14865708 ns10:FullAccounts 2024-06-01 2025-02-28 14865708 ns10:Director2 2024-06-01 2025-02-28 14865708 ns10:RegisteredOffice 2024-06-01 2025-02-28 14865708 ns5:CurrentFinancialInstruments 2025-02-28 14865708 ns5:CurrentFinancialInstruments 2024-05-31 14865708 ns5:ShareCapital 2025-02-28 14865708 ns5:ShareCapital 2024-05-31 14865708 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 14865708 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 14865708 ns5:ShareCapital 2023-05-12 2024-05-31 14865708 ns5:RetainedEarningsAccumulatedLosses 2023-05-12 2024-05-31 14865708 ns5:RetainedEarningsAccumulatedLosses 2024-06-01 2025-02-28 14865708 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 14865708 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 14865708 ns5:CurrentFinancialInstruments 2024-06-01 2025-02-28

REGISTERED NUMBER: 14865708 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2024 TO 28 FEBRUARY 2025

FOR

REDDITCH CAPITAL LTD

| REDDITCH CAPITAL LTD (REGISTERED NUMBER: 14865708) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2024 TO 28 FEBRUARY 2025

Page |

| Company Information | 1 |

| Report of the Directors | 2 |

| Profit and Loss Account | 3 |

| Balance Sheet | 4 |

| Statement of Changes in Equity | 5 |

| Notes to the Financial Statements | 6 |

| REDDITCH CAPITAL LTD |

COMPANY INFORMATION

FOR THE PERIOD 1 JUNE 2024 TO 28 FEBRUARY 2025

| DIRECTORS: | Mr A A Faig

| Mr I C Gluck

| REGISTERED OFFICE: | 105 Eade Road

| OCC Building A

| 2nd Floor Unit 11a

| London

| N4 1TJ

| REGISTERED NUMBER: | 14865708 (England and Wales)

| ACCOUNTANTS: | DAS Accounting & Partners (UK) LLP

| 105 Eade Road

| OCC Building A

| 2nd Floor Unit 11a

| London

| N4 1TJ

| REDDITCH CAPITAL LTD (REGISTERED NUMBER: 14865708) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 1 JUNE 2024 TO 28 FEBRUARY 2025

The directors present their report with the financial statements of the company for the period 1 June 2024 to 28 February 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 June 2024 to the date of this report.

Mr A A Faig

Mr I C Gluck

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr A A Faig - Director

23 April 2026

| REDDITCH CAPITAL LTD (REGISTERED NUMBER: 14865708) |

PROFIT AND LOSS ACCOUNT

FOR THE PERIOD 1 JUNE 2024 TO 28 FEBRUARY 2025

| Period |  | Period

| 1.6.24 |  | 12.5.23

| to |  | to

| 28.2.25 |  | 31.5.24

£ | £ |

TURNOVER | 8,416,358 |  | 7,982,618 |  |

Cost of sales | (5,784,250 | ) | (5,022,730 | ) |

GROSS PROFIT | 2,632,108 |  | 2,959,888 |  |

Administrative expenses | (987,625 | ) | (1,128,678 | ) |

OPERATING PROFIT | 1,644,483 |  | 1,831,210 |  |

Net valuation gain on

investment property | - |  | 4,807,613 |  |

1,644,483 |  | 6,638,823 |  |

Interest payable and similar expenses | (1,498,987 | ) | (1,341,812 | ) |

PROFIT BEFORE TAXATION | 145,496 |  | 5,297,011 |  |

Tax on profit | - |  | (1,202,000 | ) |

PROFIT FOR THE FINANCIAL PERIOD | 145,496 |  | 4,095,011 |  |

| REDDITCH CAPITAL LTD (REGISTERED NUMBER: 14865708) |

BALANCE SHEET

28 FEBRUARY 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Investment property | 5 | 28,693,500 |  | 28,670,000 |  |

CURRENT ASSETS

Debtors | 6 | 5,928,408 |  | 4,885,273 |  |

Cash at bank and in hand | 11,072 |  | 192,618 |  |

5,939,480 |  | 5,077,891 |  |

CREDITORS

Amounts falling due within one year | 7 | (29,190,373 | ) | (28,450,780 | ) |

NET CURRENT LIABILITIES | (23,250,893 | ) | (23,372,889 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,442,607 |  | 5,297,111 |  |

PROVISIONS FOR LIABILITIES | (1,202,000 | ) | (1,202,000 | ) |

NET ASSETS | 4,240,607 |  | 4,095,111 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 4,240,507 |  | 4,095,011 |  |

4,240,607 |  | 4,095,111 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by:

Mr A A Faig - Director

| REDDITCH CAPITAL LTD (REGISTERED NUMBER: 14865708) |

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD 1 JUNE 2024 TO 28 FEBRUARY 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Changes in equity

Issue of share capital | 100 |  | - |  | 100 |  |

Total comprehensive income | - |  | 4,095,011 |  | 4,095,011 |  |

Balance at 31 May 2024 | 100 |  | 4,095,011 |  | 4,095,111 |  |

Changes in equity

Total comprehensive income | - |  | 145,496 |  | 145,496 |  |

Balance at 28 February 2025 | 100 |  | 4,240,507 |  | 4,240,607 |  |

| REDDITCH CAPITAL LTD (REGISTERED NUMBER: 14865708) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2024 TO 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Redditch Capital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention except that investment property is measured at fair value through profit or loss.

| Judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The company's investment property is valued by the directors. The valuation of the company's property is inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yield and comparable market conditions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| REDDITCH CAPITAL LTD (REGISTERED NUMBER: 14865708) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JUNE 2024 TO 28 FEBRUARY 2025

3. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was NIL (2024 - NIL).

5. | INVESTMENT PROPERTY

| Total

£ |

| COST

| At 1 June 2024 | 28,670,000 |  |

| Additions | 23,500 |  |

| At 28 February 2025 | 28,693,500 |  |

| NET BOOK VALUE

| At 28 February 2025 | 28,693,500 |  |

| At 31 May 2024 | 28,670,000 |  |

| The directors are of the opinion that £28,693,500 (2024: £28,670,000) represents the open market value of the company's investment property at 28 February 2025. The historical cost of the investment property is £23,885,887 (2024: £23,862,387).

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 247,805 |  | 364,775 |  |

| Other debtors | 5,680,603 |  | 4,520,498 |  |

5,928,408 |  | 4,885,273 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 16,500,000 |  | 16,555,689 |  |

| Trade creditors | 341,715 |  | 261,346 |  |

| Taxation and social security | 8,539 |  | 78,497 |  |

| Other creditors | 12,340,119 |  | 11,555,248 |  |

29,190,373 |  | 28,450,780 |  |

| The bank loans are secured by legal charges over the company's investment property.

| REDDITCH CAPITAL LTD (REGISTERED NUMBER: 14865708) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JUNE 2024 TO 28 FEBRUARY 2025

8. | RELATED PARTY DISCLOSURES

| Other debtors include amounts of £4,703,554 (2024: £3,945,699) due from companies which have directors in common with the company.

| Other creditors include amounts of £307,226 (2024: £1,303,865) owed to companies which have directors in common with the company.