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REGISTERED NUMBER: SC483931 (Scotland)




















Cheval Rouge Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






Cheval Rouge Limited (Registered number: SC483931)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cheval Rouge Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: D Hamilton



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
EH3 6AT



REGISTERED NUMBER: SC483931 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Starling Bank
7Th Floor
Norfolk House
31 St James's Square
London
SW1Y 4JR

Cheval Rouge Limited (Registered number: SC483931)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,080 4,942
Investments 5 76,419 -
130,499 4,942

CURRENT ASSETS
Debtors 6 13,500 31,659
Cash at bank 80,930 130,761
94,430 162,420
CREDITORS
Amounts falling due within one year 7 27,261 33,824
NET CURRENT ASSETS 67,169 128,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,668

133,538

PROVISIONS FOR LIABILITIES 11,389 1,028
NET ASSETS 186,279 132,510

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 186,179 132,410
186,279 132,510

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Cheval Rouge Limited (Registered number: SC483931)

Balance Sheet - continued
31 August 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 28 March 2024 and were signed by:





D Hamilton - Director


Cheval Rouge Limited (Registered number: SC483931)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Cheval Rouge 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 as modified by the revaluation of certain assets.

Turnover and revenue recognition
Turnover represents net invoiced provision of human resources consulting services, excluding value added tax.

Revenue is recognised in accordance with Financial Reporting Standard 5 "Reporting the Substance of Transactions", Application Note G "Revenue Recognition", and UITF 40 "Revenue Recognition and Service Contracts". In this respect, revenue is recognised in line with performance, to the extent that a right to consideration arises. Included in current assets, as "accrued sales", are amounts in respect of income that has been recognised but not billed by the end of the period. Provision is made against unbilled amounts where the right to receive payment is contingent and dependent on factors outside the control of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 15% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.


Cheval Rouge Limited (Registered number: SC483931)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Investments
Investments in unlisted funds are shown at fair value, with any gains or losses released to the Profit and Loss account.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 6,594
Additions 51,160
At 31 August 2023 57,754
DEPRECIATION
At 1 September 2022 1,652
Charge for year 2,022
At 31 August 2023 3,674
NET BOOK VALUE
At 31 August 2023 54,080
At 31 August 2022 4,942

Cheval Rouge Limited (Registered number: SC483931)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
Additions 76,419
At 31 August 2023 76,419
NET BOOK VALUE
At 31 August 2023 76,419

Cost or valuation at 31 August 2023 is represented by:

Unlisted
investments
£   
Valuation in 2023 1,419
Cost 75,000
76,419

If unlisted investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 75,000 -

Unlisted investments were valued on an open market basis basis on 24 August 2023 by Quilter CIA .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,500 31,659

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 24,863 30,308
Other creditors 2,398 3,516
27,261 33,824