Red Capital Ltd - Accounts to registrar (filleted) - small 18.2

Red Capital Ltd - Accounts to registrar (filleted) - small 18.2

RED CAPITAL LTD - Company Information

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RED CAPITAL LTD

Financial Statements

for the Year Ended 31 December 2019






RED CAPITAL LTD (REGISTERED NUMBER: 06330576)

Contents of the Financial Statements
for the year ended 31 December 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RED CAPITAL LTD

Company Information
for the year ended 31 December 2019







Directors: J N Mendelsohn
N S Mendelsohn





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 06330576 (England and Wales)





Accountants: Haines Watts
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA
Page 1
RED CAPITAL LTD (REGISTERED NUMBER: 06330576)

Balance Sheet
31 December 2019

2019 2018
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,948 2,133
Investments 5 80 80
3,028 2,213

Current assets
Debtors 6 211,074 207,368
Cash at bank 13,595 1,921
224,669 209,289
Creditors
Amounts falling due within one year 7 107,364 67,432
Net current assets 117,305 141,857
Total assets less current liabilities 120,333 144,070

Capital and reserves
Called up share capital 8 1 1
Retained earnings 120,332 144,069
Shareholders' funds 120,333 144,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2020 and were signed on its behalf by:





J N Mendelsohn - Director


The notes form part of these financial statements

Page 2
RED CAPITAL LTD (REGISTERED NUMBER: 06330576)

Notes to the Financial Statements
for the year ended 31 December 2019


1. Statutory information

Red Capital Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2018 - 1 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 January 2019 5,889 20,476 26,365
Additions - 2,596 2,596
Disposals - (1,248 ) (1,248 )
At 31 December 2019 5,889 21,824 27,713
Depreciation
At 1 January 2019 5,889 18,343 24,232
Charge for year - 783 783
Eliminated on disposal - (250 ) (250 )
At 31 December 2019 5,889 18,876 24,765
Net book value
At 31 December 2019 - 2,948 2,948
At 31 December 2018 - 2,133 2,133

Page 3
RED CAPITAL LTD (REGISTERED NUMBER: 06330576)

Notes to the Financial Statements - continued
for the year ended 31 December 2019


5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2019
and 31 December 2019 80
Net book value
At 31 December 2019 80
At 31 December 2018 80

6. Debtors: amounts falling due within one year
2019 2018
£ £
Trade debtors 28,800 38,880
Amounts owed by group undertakings 170,262 160,609
Other debtors 11,159 7,879
VAT 853 -
211,074 207,368

7. Creditors: amounts falling due within one year
2019 2018
£ £
Trade creditors 2,442 2,516
Social security and other taxes 1,074 8,375
VAT - 6,206
Other creditors 558 558
FLF Creditor 625 -
Directors' current accounts 93,440 43,527
Accruals and deferred income 9,225 6,250
107,364 67,432

8. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £ £
1 Ordinary share capital £1 1 1

Page 4