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REGISTERED NUMBER: SC688139 (Scotland)















Red Deer Studio Limited

Financial Statements For The Year Ended 28 February 2023






Red Deer Studio Limited (Registered number: SC688139)






Contents of the Financial Statements
For The Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Red Deer Studio Limited

Company Information
For The Year Ended 28 February 2023







DIRECTOR: Mr T Mccallum



REGISTERED OFFICE: 16a Golf Road
Hopeman
Moray
IV30 5TE



REGISTERED NUMBER: SC688139 (Scotland)



ACCOUNTANTS: Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Virgin money
Symington House
7 North Avenue
Clydebank Business Park
Clydebank
G81 2NT

Red Deer Studio Limited (Registered number: SC688139)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,155 -

CURRENT ASSETS
Debtors 5 2,191 -
Cash at bank 27,094 38,359
29,285 38,359
CREDITORS
Amounts falling due within one year 6 20,089 18,536
NET CURRENT ASSETS 9,196 19,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,351

19,823

PROVISIONS FOR LIABILITIES 7 409 -
NET ASSETS 10,942 19,823

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 10,941 19,822
SHAREHOLDERS' FUNDS 10,942 19,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Deer Studio Limited (Registered number: SC688139)

Balance Sheet - continued
28 February 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 director and authorised for issue on 13 November 2023 and were signed by:





Mr T Mccallum - Director


Red Deer Studio Limited (Registered number: SC688139)

Notes to the Financial Statements
For The Year Ended 28 February 2023

1. STATUTORY INFORMATION

Red Deer Studio Limited is a private company, limited by shares , registered in Scotland. 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.
Equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
Additions 2,375
At 28 February 2023 2,375
DEPRECIATION
Charge for year 220
At 28 February 2023 220
NET BOOK VALUE
At 28 February 2023 2,155

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other debtors 2,191 -

Red Deer Studio Limited (Registered number: SC688139)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security - 5,119
Other creditors 20,089 13,417
20,089 18,536

7. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 409 -

Deferred
tax
£   
Provided during year 409
Balance at 28 February 2023 409

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 March 2022 19,822
Deficit for the year (6,881 )
Dividends (2,000 )
At 28 February 2023 10,941

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

As at 28 February 2022 the company owed the director £12,218. During the year the director met expenses on behalf of the company totalling £6,406. At 28 february 2023 the company owed the director £18,624. This loan is interest free and has no fixed terms of repayment.