Accounts Submission

Accounts Submission

BIG RED SOFTWARE ASSETS LIMITED - Company Information

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BIG RED SOFTWARE ASSETS LIMITED

Company Registration Number:
SC663839 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 11 June 2020

End date: 31 March 2021

Page 1

BIG RED SOFTWARE ASSETS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

Page 2

BIG RED SOFTWARE ASSETS LIMITED

Company Information

for the Period Ended 31 March 2021




Director: Charles McSherry
Hugh Stewart
Registered office: Straan Studios
The Kennels
Balquhidder
Stirling
GB-SCT
FK19 8PB
Company Registration Number: SC663839 (Scotland)

Page 3

BIG RED SOFTWARE ASSETS LIMITED

Balance sheet

As at 31 March 2021


Notes		 10 months to
31 Mar 2021
£
Fixed assets
Intangible assets: 4 600,000
Total fixed assets: 600,000
Current assets
Cash at bank and in hand: 2
Total current assets: 2
Net current assets (liabilities): 2
Total assets less current liabilities: 600,002
Total net assets (liabilities): 600,002

The notes form part of these financial statements

Page 4

BIG RED SOFTWARE ASSETS LIMITED

Balance sheet continued

As at 31 March 2021


Notes		 10 months to
31 Mar 2021
£
Capital and reserves
Called up share capital: 2
Revaluation reserve: 5 600,000
Shareholders funds: 600,002

For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 June 2021
And Signed On Behalf Of The Board By:

Name: Charles McSherry
Status: Director

Name: Hugh Stewart
Status: Director

The notes form part of these financial statements

Page 5

BIG RED SOFTWARE ASSETS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Page 6

BIG RED SOFTWARE ASSETS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 2. Employees

    10 months to
    31 Mar 2021
    Average number of employees during the period 2

Page 7

BIG RED SOFTWARE ASSETS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 3. Off balance sheet disclosure

    No

Page 8

BIG RED SOFTWARE ASSETS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 4. Intangible assets

    Total
    Cost £
    Additions -
    Disposals -
    Revaluations 600,000
    Transfers -
    At 31 March 2021 600,000
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 31 March 2021 -
    Net book value
    Net book value at 31 March 2021 600,000

Page 9

BIG RED SOFTWARE ASSETS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Revaluation reserve

10 months to
31 Mar 2021
£
Surplus or deficit after revaluation 600,000
Balance at 31 March 2021 600,000

Page 10