Redwing Properties (2) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13453680

REDWING PROPERTIES (2) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

28 June 2025

REDWING PROPERTIES (2) LIMITED

FINANCIAL STATEMENTS

PERIOD FROM 30 JUNE 2024 TO 28 JUNE 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 5

REDWING PROPERTIES (2) LIMITED

STATEMENT OF FINANCIAL POSITION

28 June 2025

	28 Jun 25		29 Jun 24
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		555		–

CURRENT ASSETS

Stocks		9,592,691	1,856,154
Debtors	6	2,963,029	55,116
Cash at bank and in hand		77,818	3,184
		-------------	------------
		12,633,538	1,914,454

CREDITORS: amounts falling due within one year	7	( 11,750,174)		( 938,891)
		-------------		------------
NET CURRENT ASSETS			883,364		975,563
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			883,919		975,563

CREDITORS: amounts falling due after more than one year	8	( 579,000)	( 990,000)
		---------	---------
NET ASSETS/(LIABILITIES)		304,919	( 14,437)
		---------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	304,819	( 14,537)
	---------	--------
SHAREHOLDER FUNDS/(DEFICIT)	304,919	( 14,437)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 28 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the period 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 .

REDWING PROPERTIES (2) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 June 2025

These financial statements were approved by the board of directors and authorised for issue on 28 May 2026 , and are signed on behalf of the board by:

S Graham

Director

Company registration number: 13453680

REDWING PROPERTIES (2) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 30 JUNE 2024 TO 28 JUNE 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 1 & 2 Sandleas Way, Leeds, LS15 8AW.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services provided, exclusive of Value Added Tax.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Computer equipment	-	33% straight line

Stocks

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TAX ON PROFIT/(LOSS)

Major components of tax expense

	Period from
	30 Jun 24 to	Year to
	28 Jun 25	29 Jun 24
	£	£

Current tax:

UK current tax expense	101,438	–
	---------	----
Tax on profit/(loss)	101,438	–
	---------	----

5. TANGIBLE ASSETS

	Computer equipment
	£
Cost
At 30 June 2024	–
Additions	833
	----
At 28 June 2025	833
	----
Depreciation
At 30 June 2024	–
Charge for the period	278
	----
At 28 June 2025	278
	----
Carrying amount
At 28 June 2025	555
	----
At 29 June 2024	–
	----

6. DEBTORS

	28 Jun 25	29 Jun 24
	£	£
Other debtors	2,963,029	55,116
	------------	--------

7. CREDITORS: amounts falling due within one year

	28 Jun 25	29 Jun 24
	£	£
Bank loans and overdrafts	7,592,546	–
Trade creditors	118,674	117,496
Corporation tax	101,438	–
Amounts due to related companies	1,134,800	804,000
Other creditors	2,802,716	17,395
	-------------	---------
	11,750,174	938,891
	-------------	---------

8. CREDITORS: amounts falling due after more than one year

	28 Jun 25	29 Jun 24
	£	£
Other creditors	579,000	990,000
	---------	---------