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REGISTERED NUMBER: 13104396 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Scarlet Global Holdings Ltd

Scarlet Global Holdings Ltd (Registered number: 13104396)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scarlet Global Holdings Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J A Cox
J A Dewar
C Chrysanthou
F C J Cassel
Dr I Haivas





REGISTERED OFFICE: 12 New Fetter Lane
London
EC4A 1JP





REGISTERED NUMBER: 13104396 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Scarlet Global Holdings Ltd (Registered number: 13104396)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,871 12,253
Investments 5 387,617 168,897
422,488 181,150

CURRENT ASSETS
Debtors 6 559,553 182,961
Cash at bank 3,199,845 5,910,265
3,759,398 6,093,226
CREDITORS
Amounts falling due within one year 7 15,438 96,471
NET CURRENT ASSETS 3,743,960 5,996,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,166,448

6,177,905

CAPITAL AND RESERVES
Called up share capital 158 158
Share premium 7,579,994 7,579,994
Retained earnings (3,413,704 ) (1,402,247 )
4,166,448 6,177,905

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

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

Scarlet Global Holdings Ltd (Registered number: 13104396)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





J A Dewar - Director


Scarlet Global Holdings Ltd (Registered number: 13104396)

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

1. STATUTORY INFORMATION

Scarlet Global Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

Scarlet Global Holdings Ltd (Registered number: 13104396)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 1,923 14,157 16,080
Additions 731 30,053 30,784
At 31 December 2023 2,654 44,210 46,864
DEPRECIATION
At 1 January 2023 718 3,109 3,827
Charge for year 884 7,282 8,166
At 31 December 2023 1,602 10,391 11,993
NET BOOK VALUE
At 31 December 2023 1,052 33,819 34,871
At 31 December 2022 1,205 11,048 12,253

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2023 168,897
Additions 218,720
At 31 December 2023 387,617
NET BOOK VALUE
At 31 December 2023 387,617
At 31 December 2022 168,897

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 458,556 120,278
VAT 56,889 43,902
Prepayments and accrued income 44,108 18,781
559,553 182,961

Scarlet Global Holdings Ltd (Registered number: 13104396)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 11,925 78,970
Social security and other taxes - 4,159
Other creditors 1,285 6,289
Accrued expenses 2,228 7,053
15,438 96,471