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Registered number: 13224295
Red Dragon Homes Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Stanford Williams Limited
Chartered Certified Accountants
Units 1+2
Fair View, Woodland Place
Pengam
Caerphilly
NP12 3QX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13224295
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,398,565 1,088,306
1,398,565 1,088,306
CURRENT ASSETS
Debtors 5 116 -
Cash at bank and in hand 2,630 1,711
2,746 1,711
Creditors: Amounts Falling Due Within One Year 6 (283,761 ) (321,500 )
NET CURRENT ASSETS (LIABILITIES) (281,015 ) (319,789 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,117,550 768,517
Creditors: Amounts Falling Due After More Than One Year 7 (836,169 ) (836,169 )
NET ASSETS/(LIABILITIES) 281,381 (67,652 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 281,379 (67,654 )
SHAREHOLDERS' FUNDS 281,381 (67,652)
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Susan Kolp
Director
Mr Robert Kolp
Director
11/05/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Red Dragon Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13224295 . The registered office is Primrose Cottage, 15 Floodgates, Kington, Herefordshire, HR5 3NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% straight line
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Computer Equipment 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2025 1,056,733 274 42,090 1,198 1,100,295
Revaluation 316,505 - - - 316,505
As at 31 March 2026 1,373,238 274 42,090 1,198 1,416,800
Depreciation
As at 1 April 2025 - 206 10,740 1,043 11,989
Provided during the period - 68 6,023 155 6,246
As at 31 March 2026 - 274 16,763 1,198 18,235
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2026 1,373,238 - 25,327 - 1,398,565
As at 1 April 2025 1,056,733 68 31,350 155 1,088,306
5. Debtors
2026 2025
£ £
Due within one year
Other debtors 116 -
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other creditors 283,761 321,500
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 836,169 836,169
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
Page 4