2 RED Housing Ltd Filleted accounts for Companies House (small and micro)

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.