3 false false false false false false false false false false true false false false false false false No description of principal activity 2025-04-01 Sage Accounts Production Advanced 2025 - FRS102_2025 2,200,000 312,990 117,010 2,630,000 2,630,000 2,200,000 xbrli:pure xbrli:shares iso4217:GBP 09270899 2025-04-01 2026-03-31 09270899 2026-03-31 09270899 2025-03-31 09270899 2024-04-01 2025-03-31 09270899 2025-03-31 09270899 2024-03-31 09270899 bus:Director1 2025-04-01 2026-03-31 09270899 core:LandBuildings 2025-04-01 2026-03-31 09270899 core:WithinOneYear 2026-03-31 09270899 core:WithinOneYear 2025-03-31 09270899 core:AfterOneYear 2026-03-31 09270899 core:AfterOneYear 2025-03-31 09270899 core:ShareCapital 2026-03-31 09270899 core:ShareCapital 2025-03-31 09270899 core:RevaluationReserve 2026-03-31 09270899 core:RevaluationReserve 2025-03-31 09270899 core:RetainedEarningsAccumulatedLosses 2026-03-31 09270899 core:RetainedEarningsAccumulatedLosses 2025-03-31 09270899 core:LandBuildings 2026-03-31 09270899 core:LandBuildings 2025-03-31 09270899 core:LandBuildings 2025-03-31 09270899 bus:SmallEntities 2025-04-01 2026-03-31 09270899 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 09270899 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 09270899 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 09270899 bus:FullAccounts 2025-04-01 2026-03-31
COMPANY REGISTRATION NUMBER: 09270899

2 RED Housing Ltd

Filleted Unaudited Financial Statements

31 March 2026

2 RED Housing Ltd

Financial Statements

Year ended 31 March 2026

Contents | Pages

Statement of financial position | 1 to 2

Notes to the financial statements | 3 to 5

2 RED Housing Ltd

Statement of Financial Position

31 March 2026

| 2026 | 2025
Note | £ | £ | £

Fixed assets

Investment property | 5 |  | 2,630,000 | 2,200,000

Current assets

Debtors | 6 | 218 |  | 828
Cash at bank and in hand | 48,074 |  | 50,584
| -------- |  | --------
| 48,292 |  | 51,412

Creditors: amounts falling due within one year | 7 | 621,958 |  | 373,164
| --------- |  | ---------
Net current liabilities |  | 573,666 | 321,752
|  | ------------ | ------------
Total assets less current liabilities |  | 2,056,334 | 1,878,248

Creditors: amounts falling due after more than one year | 8 |  | 846,894 | 801,385

Provisions

Taxation including deferred tax |  | 278,538 | 189,457
|  | ------------ | ------------
Net assets |  | 930,902 | 887,406
|  | ------------ | ------------

Capital and reserves

Called up share capital |  | 100 | 100
Fair value reserve |  | 835,613 | 807,683
Profit and loss account |  | 95,189 | 79,623
|  | --------- | ---------
Shareholders funds |  | 930,902 | 887,406
|  | --------- | ---------

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 income statement has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year 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 .

2 RED Housing Ltd

Statement of Financial Position (continued)

31 March 2026
These financial statements were approved by the board of directors and authorised for issue on 22 June 2026 , and are signed on behalf of the board by:

Mr MS Lall
Director

Company registration number: 09270899

2 RED Housing Ltd

Notes to the Financial Statements

Year ended 31 March 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Castle Cavendish Works, Dorking Road, Nottingham, NG7 5PN.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2025: 3 ).
5. Investment property

| Investment property
| £
Cost or valuation |
At 1 April 2025 | 2,200,000
Additions | 312,990
Revaluations | 117,010
| ------------
At 31 March 2026 | 2,630,000
| ------------
Depreciation |
At 1 April 2025 and 31 March 2026 | –
| ------------
Carrying amount |
At 31 March 2026 | 2,630,000
| ------------
At 31 March 2025 | 2,200,000
| ------------

The properties were all revalued during the year ended 31 March 2026. Carrying amounts are represented by:

|  | 2026 | 2025
|  | £ | £
| Cost | 1,515,850 | 1,202,860
| Revaluation | 1,114,150 | 997,140
|  | ------------ | ------------
|  | 2,630,000 | 2,200,000
|  | ------------ | ------------

6. Debtors

| 2026 | 2025
| £ | £
Other debtors | 218 | 828
| ---- | ----

7. Creditors: amounts falling due within one year

| 2026 | 2025
| £ | £
Bank loans and overdrafts | 52,681 | 42,498
Trade creditors | – | 9,499
Social security and other taxes | 773 | –
Other creditors | 568,504 | 321,167
| --------- | ---------
| 621,958 | 373,164
| --------- | ---------

The bank loans are secured on the properties concerned.
8. Creditors: amounts falling due after more than one year

| 2026 | 2025
| £ | £
Bank loans and overdrafts | 846,894 | 801,385
| --------- | ---------

Included within creditors: amounts falling due after more than one year is an amount of £636,169 (2025: £631,392) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
These bank loans are secured on the properties concerned.