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REGISTERED NUMBER: 06377429 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

RED WING MEDIA LIMITED

RED WING MEDIA LIMITED (REGISTERED NUMBER: 06377429)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

RED WING MEDIA LIMITED

Company Information
for the year ended 31st December 2023







DIRECTORS: D M Dew
J P Clements
L Plummer
T M M Tremayne





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: 06377429 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

RED WING MEDIA LIMITED (REGISTERED NUMBER: 06377429)

Statement of Financial Position
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - 158

CURRENT ASSETS
Debtors 5 106,971 15,134
Cash at bank 792,102 659,498
899,073 674,632
CREDITORS
Amounts falling due within one year 6 888,670 655,053
NET CURRENT ASSETS 10,403 19,579
TOTAL ASSETS LESS CURRENT LIABILITIES 10,403 19,737

CREDITORS
Amounts falling due after more than one
year

7

10,130

19,482
NET ASSETS 273 255

CAPITAL AND RESERVES
Called up share capital 8 200 200
Capital redemption reserve 50 50
Retained earnings 23 5
SHAREHOLDERS' FUNDS 273 255

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 WING MEDIA LIMITED (REGISTERED NUMBER: 06377429)

Statement of Financial Position - continued
31st December 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 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 23rd April 2024 and were signed on its behalf by:





T M M Tremayne - Director


RED WING MEDIA LIMITED (REGISTERED NUMBER: 06377429)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Red Wing Media 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.

Revenue
Revenue compromises amounts receivable for the rendering of marketing and PR services, and is recognised at the point of sale to the extent that it is probably that the economic benefits will flow to the company and the turnover can be reliably measured. Revenue 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
Tangible fixed assets under the cost model are stated at the historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged as so to allocate the cost of assets less their residual values over their estimated useful lives, on the following basis:

Computer equipment - 33% straight line

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price.

RED WING MEDIA LIMITED (REGISTERED NUMBER: 06377429)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1st January 2023
and 31st December 2023 464
DEPRECIATION
At 1st January 2023 306
Charge for year 158
At 31st December 2023 464
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 158

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 106,971 15,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 11,190 5,071
Amounts owed to associates 781,893 639,496
Tax 84,970 -
Other creditors 10,617 10,486
888,670 655,053

RED WING MEDIA LIMITED (REGISTERED NUMBER: 06377429)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 10,130 19,482

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
200 Ordinary shares £1 200 200

There is a single class of ordinary share. There are no restrictions on the distribution of dividends and the repayment of capital.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Red Wing Media Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Red Wing Media Limited for the year ended 31st December 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Red Wing Media Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Red Wing Media Limited and state those matters that we have agreed to state to the Board of Directors of Red Wing Media Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Red Wing Media Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Red Wing Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Red Wing Media Limited. You consider that Red Wing Media Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Red Wing Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN


Date: .............................................