ACCOUNTS - Final Accounts

REDMAZE LIMITED - Company Information

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Registered number: 02730266

REDMAZE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2019

REDMAZE LIMITED

REGISTERED NUMBER: 02730266

BALANCE SHEET

AS AT 30 APRIL 2019

		2019		2018
Note		£		£

Fixed assets
Investments	3		721,781		721,781
			721,781		721,781
Current assets
Debtors: amounts falling due within one year	4	6		6
		6		6
Creditors: amounts falling due within one year	5	(721,781)		(721,781)
Net current liabilities			(721,775)		(721,775)
Total assets less current liabilities			6		6

Net assets			6		6

Capital and reserves
Called up share capital	6	6
	6	6

For the year ended 30 April 2019 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 by:

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REDMAZE LIMITED

REGISTERED NUMBER: 02730266

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2019

Paul Wiseman

Director

Date: 29 January 2020

The notes on pages 3 to 4 form part of these financial statements.

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REDMAZE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

1.	General information

The company is a private company limited by shares, and is incorporated in England and Wales. The address of the registered office is 4th Floor, 7/10 Chandos Street, London, W1G 9DQ.
The company was dormant during the current and previous year.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company has elected to apply all amendments to FRS 102, as set out in the triennial review published in December 2017, prior to the mandatory adoption for accounting periods beginning on or after 1 January 2019.

The company is the parent undertaking of a small group and as such not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

Creditors

Short term creditors are measured at the transaction price.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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REDMAZE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

3.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 May 2018	721,781
	At 30 April 2019	721,781

Debtors

					2019	2018
					£	£


Other debtors	6	6
	6	6

5.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Amounts owed to group undertakings	721,781	721,781
	721,781	721,781

6.	Related party transactions
	At the balance sheet date an amount of £721,781 (2018: £721,781) was owed from the company to a subsidiary undertaking. The loan is interest free and there are no specific terms of repayment.

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