ACCOUNTS - Final Accounts

Registered number: 10558399

REDTREE (NORTH LONDON) LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

REDTREE (NORTH LONDON) LTD

REGISTERED NUMBER: 10558399

BALANCE SHEET

AS AT 31 MARCH 2025

	2025	2025	2024	2024
Note	£	£	£	£


Current assets
Stocks		2,105,181		1,375,645
Debtors: amounts falling due within one year	4	17,717		317,740
Cash at bank and in hand	5	17,976		4,322
		2,140,874		1,697,707
Creditors: amounts falling due within one year	6	(2,175,296)		(1,712,019)
Net current liabilities			(34,422)		(14,312)
Total assets less current liabilities			(34,422)		(14,312)
Net liabilities			(34,422)		(14,312)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(34,522)	(14,412)
	(34,422)	(14,312)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 May 2026.

P Summers

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

REDTREE (NORTH LONDON) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Redtree (North London) Ltd ("the Company") is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 62 Salisbury Road, Walmer, Deal, Kent, CT14 7QJ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The accounts have been prepared on a going concern basis. The company will be financed by companies that have a participating interest. At the time of approval of these financial statements the directors are of the opinion that the company will continue in operation for the foreseeable future.

2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

2.4

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase, and includes attributable overheads and costs of borrowing.

2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

REDTREE (NORTH LONDON) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Creditors

Short term creditors are measured at the transaction price.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

Debtors

					2025	2024
					£	£


Other debtors	17,717	315,740
Prepayments and accrued income	-	2,000
	17,717	317,740

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	17,976	4,322

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	582,639	582,639
Corporation tax	448	448
Other creditors	1,520,943	1,118,650
Accruals and deferred income	71,266	10,282
	2,175,296	1,712,019

Page 3

REDTREE (NORTH LONDON) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Related party transactions
	Included within other creditors are amounts owed to fellow group companies of £515,766 (2024 - £1,118,650). Included within other creditor is an amount of £4,952 (2024 - £189,493 due from) due to directors of the company.

Page 4