REGISTERED NUMBER: 08799891 (England and Wales)

RED TOP PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JANUARY 2025 TO 30TH JUNE 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

S L Bray

REGISTERED OFFICE:

39 Summerfields Avenue

Hailsham

East Sussex

BN27 3BS

REGISTERED NUMBER:

08799891 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Investment property

4

1,703,875

1,607,611

CURRENT ASSETS

Debtors

5

606,032

725,891

Cash at bank

-

15,863

606,032

741,754

CREDITORS

Amounts falling due within one year

6

1,617,389

1,427,191

NET CURRENT LIABILITIES

(1,011,357

)

(685,437

)

TOTAL ASSETS LESS CURRENT LIABILITIES

692,518

922,174

CREDITORS

Amounts falling due after more than one year

7

1,198,070

1,200,548

NET LIABILITIES

(505,552

)

(278,374

)

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

47,650

47,650

Retained earnings

(553,203

)

(326,025

)

SHAREHOLDERS' FUNDS

(505,552

)

(278,374

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th September 2026 and were signed by:

S L Bray - Director

1.	STATUTORY INFORMATION

Red Top Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of consideration received or receivable net of VAT, and rental income is recognised on an accruals basis.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2025

1,607,611

Additions

96,264

At 30th June 2026

1,703,875

NET BOOK VALUE

At 30th June 2026

1,703,875

At 31st December 2024

1,607,611

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Other debtors

606,032

725,891

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Bank loans and overdrafts

6,334

6,334

Taxation and social security

136,126

136,126

Other creditors

1,474,929

1,284,731

1,617,389

1,427,191

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2024

£

£

Bank loans

33,033

33,020

Other creditors

1,165,037

1,167,528

1,198,070

1,200,548

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgages

1,165,037

1,167,528

Repayable by instalments

Bank loans more 5 yr by instal

7,696

7,683

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2024

£

£

Other loans

1,702,347

1,867,528

Mortgages

1,165,037

1,167,528

2,867,384

3,035,056

The mortgages are secured on the properties to which they relate.

The other loans also have a legal charge over the investment property owned by the company, together with properties owned personally by the Director and by Red Top Investments Ltd, a company under common control.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30th June 2026 and the year ended 31st December 2024:

2026

2024

£

£

S L Bray

Balance outstanding at start of period

409,407

335,557

Amounts advanced

72,584

73,850

Amounts repaid

(91,813

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

390,178

409,407

During the year the company charged the director overdrawn loan interest at the official rate. The loan is repayable on demand.