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

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

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

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

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

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

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

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.

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.

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.