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Registered number: 11670625 REDSTATE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 NOVEMBER 2025
REDSTATE LIMITED REGISTERED NUMBER: 11670625 BALANCE SHEET AS AT 30 NOVEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks |  | 1,960,432 |  | 759,208 |
Cash at bank and in hand |  | 43,433 |  | 21,033 |
|  | 2,003,865 |  | 780,241 |
Creditors: amounts falling due within one year | 3 | (2,049,817) |  | (43,454) |
Net current (liabilities)/assets |  |  | (45,952) |  | 736,787
Total assets less current liabilities |  |  | (45,952) |  | 736,787
Creditors: amounts falling due after more than one year | 4 |  | (31,719) |  | (797,687)
Net liabilities |  |  | (77,671) |  | (60,900)
Capital and reserves |  |  |  |  |
Called up share capital | 6 |  | 100 |  | 100
Profit and loss account |  |  | (77,771) |  | (61,000)
|  |  | (77,671) |  | (60,900)
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REDSTATE LIMITED REGISTERED NUMBER: 11670625 BALANCE SHEET (CONTINUED) AS AT 30 NOVEMBER 2025 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 profit and loss account 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 21 August 2026.
................................................ G C Redwood | ................................................ A W Redwood
Director | Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
REDSTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
1. | General information
Redstate Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 11670625. The address of the registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, NR7 0HR. The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £. 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
In forming their decision on going concern the directors have considered a period of no less than 12 months from the date of accounts approval and have concluded that the company will continue trading for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The company relies on support from its bankers and informal directors' loan facilities.
| 2.3 | Finance costs
Finance costs are charged to profit or loss 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.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
REDSTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 2.Accounting policies (continued)
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.6 | 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 on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 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.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 4
REDSTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
3. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 7,225 | 8,397
| Other loans | 2,002,993 | -
| Other creditors | 37,709 | 32,957
| Accruals and deferred income | 1,890 | 2,100
|  | 2,049,817 | 43,454
| The amount of creditors for which security has been given by the Company has amounted to £2,002,993 (2024 - £758,814).
4. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 31,719 | 38,873
| Other loans | - | 758,814
|  | 31,719 | 797,687
5. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 7,225 | 8,397
| Other loans | 2,002,993 | -
| Amounts falling due 2-5 years |  |
| Bank loans | 21,674 | 25,190
| Other loans | - | 758,814
| Amounts falling due after more than 5 years |  |
| Bank loans | 10,046 | 13,682
|  | 2,041,938 | 806,083
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REDSTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
6. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
7. | Related party transactions
| As at 1 December 2024, Redstate Limited owed £32,957 to G & A Redwood. Repayments of £14,299 were made, and loan advances made of £19,020, leaving a balance of £37,710 owed to G & A Redwood from Redstate Limited as at 30 November 2025. The loan is interest free and repayable on demand. The directors provided ongoing services to the company during the year. Fees in respect of these services were not invoiced until after the year end and, at the balance sheet date, no amounts were due to the directors in respect of this. Costs relating to these services remained within work in progress at the year end. The transaction was undertaken on normal commercial terms.
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