Red Line Land Ltd
Red Line Land Ltd
Registered number: 11301101
Unaudited Financial Statements
For the Period
10 April 2018
to
30 April 2019
Passman Leonard Associates Limited
Red Line Land Ltd
Unaudited Financial Statements
For the Period
10 April 2018
to
30 April 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Red Line Land Ltd
Balance Sheet
As at
30 April 2019
Balance Sheet
Registered number:
11301101
For the period ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 30 April 2019 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| NET LIABILITIES |
( |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 6 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (74,883) | ||
Page 1
Red Line Land Ltd
Balance Sheet (continued)
As at
30 April 2019
Directors' responsibilities:
-
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
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Red Line Land Ltd
Notes to the Financial Statements
For the Period
10 April 2018
to
30 April 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
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:
| Fixtures & Fittings |
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| Computer Equipment |
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2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2
3.
Tangible Assets
| Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at
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| As at
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| Depreciation | |||
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |||
| As at
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| As at
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Page 3
Red Line Land Ltd
Notes to the Financial Statements (continued)
For the Period
10 April 2018
to
30 April 2019
4.
Debtors
| 30 April 2019 | |
|---|---|
| £ | |
| Due within one year | |
| Prepayments and accrued income |
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| Amounts owed by associates |
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Included in amounts owed by associates is an amount of £2,000 owed by Red Line Land Estates Limited, a company registered in the United Kingdom, in which Mr. Iain MacNaught is a director and shareholder. Also included in amounts owed by associates is an amount of £10,449, owed by Umbrella Africa Limited, a company registered in the United Kingdom, in which Mr. Iain MacNaught is a director and shareholder.
5.
Creditors: Amounts Falling Due Within One Year
| 30 April 2019 | |
|---|---|
| £ | |
| Accruals and deferred income |
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| Amounts owed to associates |
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Included in amounts owed to associated companies is an amount of £100,821 owed to Parkcroft Developments (Old School) Limited and £41,460 owed to Red Line Land Theale Limited. Both companies are incorporated and registered in the United Kingdom, in which Mr. I. MacNaught is a director and shareholder. Also included in amounts owed to associated companies is an amount of £36,849 owed to Red Line Land North Dorset Limited, a company incorporated and registered in the United Kingdom in which Mr. I. MacNaught is a director and shareholder.
7.
General Information
Red Line Land Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
11301101
. The registered office is Bentinck House, Bentinck Road, West Drayton, Middlesex, UB7 7RQ.
Page 4