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REGISTERED NUMBER: 05427160 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

RED SAUCE MUSIC LIMITED

RED SAUCE MUSIC LIMITED (REGISTERED NUMBER: 05427160)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RED SAUCE MUSIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: E Keiles
J Thirkell





SECRETARY: J Thirkell





REGISTERED OFFICE: Hill Cottage
Flowers Bottom Lane
Speen
Buckinghamshire
HP27 0SX





REGISTERED NUMBER: 05427160 (England and Wales)





ACCOUNTANTS: P & F Accountancy Services Ltd
Chartered Certified Accountants
27 Doubleday Road
Loughton
Essex
IG10 2AU

RED SAUCE MUSIC LIMITED (REGISTERED NUMBER: 05427160)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
CURRENT ASSETS
Debtors 4 87,081 91,931
Cash at bank 85,864 86,935
172,945 178,866
CREDITORS
Amounts falling due within one year 5 137,950 137,782
NET CURRENT ASSETS 34,995 41,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,995

41,084

CREDITORS
Amounts falling due after more than one
year

6

41,957

45,000
NET LIABILITIES (6,962 ) (3,916 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,062 ) (4,016 )
SHAREHOLDERS' FUNDS (6,962 ) (3,916 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

RED SAUCE MUSIC LIMITED (REGISTERED NUMBER: 05427160)

BALANCE SHEET - continued
31 JANUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2023 and were signed on its behalf by:





J Thirkell - Director


RED SAUCE MUSIC LIMITED (REGISTERED NUMBER: 05427160)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Red Sauce Music Limited 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Amounts owed by participating interests 21,865 65,859
Amounts owed by associates 36,435 -
Other debtors 28,781 26,072
87,081 91,931

RED SAUCE MUSIC LIMITED (REGISTERED NUMBER: 05427160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors (1,787 ) (1,787 )
Amounts owed to participating interests 118,846 118,846
Other creditors 20,891 20,723
137,950 137,782

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 41,957 45,000

Amounts falling due in more than five years:

Repayable by instalments
Bounce bank loan 41,957 45,000