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REGISTERED NUMBER:
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RED EYE DEVELOPMENTS (WEST END) LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2019 |
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REGISTERED NUMBER:
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RED EYE DEVELOPMENTS (WEST END) LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2019 |
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RED EYE DEVELOPMENTS (WEST END) LIMITED (REGISTERED NUMBER: SC371974) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Accountants' Report | 5 |
RED EYE DEVELOPMENTS (WEST END) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Citypoint 2 |
25 Tyndrum Street |
Glasgow |
G4 0JY |
RED EYE DEVELOPMENTS (WEST END) LIMITED (REGISTERED NUMBER: SC371974) |
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BALANCE SHEET |
31 JANUARY 2019 |
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2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Share premium |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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RED EYE DEVELOPMENTS (WEST END) LIMITED (REGISTERED NUMBER: SC371974) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2019 |
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1. | STATUTORY INFORMATION |
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Red Eye Developments (West End) Limited is a private company, limited by shares, registered in Scotland. The |
company's registered number is SC371974 and its registered office is c/o Hardie Caldwell, Citypoint 2, 25 |
Tyndrum Street, Glasgow, G4 OJY. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
The company has cash resources and no need for external borrowing. The company has explored and bid for |
development opportunities, but which have not yet come to fruition. The directors will continue this |
activity.They continue to believe the going concern basis of accounting appropriate in preparing the annual |
financial statements. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Financial instruments |
Debtors |
Other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable |
amounts when there is objective evidence that the asset is impaired. |
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Cash and cash equivalents |
Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of |
maturity, being twelve months or less, from the opening of the deposit or similar account. |
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Creditors |
Other creditors are recognised where the company has a present obligation resulting from a past event and are |
recognised at the settlement amount due after allowing for any trade discount due. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other creditors |
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RED EYE DEVELOPMENTS (WEST END) LIMITED (REGISTERED NUMBER: SC371974) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2019 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 4 | 4 |
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7. | RELATED PARTY DISCLOSURES |
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During the year the company had the following transactions with related parties: |
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Related Party |
Transaction |
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Balance as at
31/01/19 |
Balance as at
31/01/18 |
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A Garrick, Director | Loan | 250,015dr | 250,015dr | 184,483dr |
J Muir, Director | Loan | 250,015dr | 250,015dr | 184,483dr |
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
RED EYE DEVELOPMENTS (WEST END) LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to |
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements |
and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Red Eye Developments (West End) Limited for the year ended 31 January 2019 which comprise |
the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related |
notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
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This report is made solely to the Board of Directors of Red Eye Developments (West End) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Red Eye Developments (West End) Limited and state those matters that we have agreed to state to the Board of Directors of Red Eye Developments (West End) Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Red Eye Developments (West End) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Red Eye Developments (West End) Limited. You consider that Red Eye Developments (West End) Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Red Eye Developments (West End) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
Citypoint 2 |
25 Tyndrum Street |
Glasgow |
G4 0JY |
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