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Company Registration No. 07934546 (England and Wales)
RED PHANTOM GAMES LIMITED Unaudited accounts for the year ended 31 March 2024
RED PHANTOM GAMES LIMITED Unaudited accounts Contents
Page
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RED PHANTOM GAMES LIMITED Company Information for the year ended 31 March 2024
Director
Dr Richard Russell Ogden
Company Number
07934546 (England and Wales)
Registered Office
3 THE MEWS CLARENDON STREET LEAMINGTON SPA WARWICKSHIRE CV32 4BE ENGLAND
Accountants
Chadwick Accountants & Bookkeepers Ltd Avon View Offices 90 High Street Bidford-on-Avon Warwickshire B50 4AF
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RED PHANTOM GAMES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,697 
5,386 
Current assets
Debtors
282 
- 
Cash at bank and in hand
21,349 
31,850 
21,631 
31,850 
Creditors: amounts falling due within one year
(20,957)
(20,756)
Net current assets
674 
11,094 
Net assets
4,371 
16,480 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
4,370 
16,479 
Shareholders' funds
4,371 
16,480 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 August 2024 and were signed on its behalf by
Dr Richard Russell Ogden Director Company Registration No. 07934546
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RED PHANTOM GAMES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
RED PHANTOM GAMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07934546. The registered office is 3 THE MEWS, CLARENDON STREET, LEAMINGTON SPA, WARWICKSHIRE, CV32 4BE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
During the year to 31 March 2023, Red Phantom Games Limited changed the method of depreciating its computer equipment from 25% reducing balance to five years straight line. This better reflects the useful lives of the computer equipment. Fixtures & Fittings have been depreciated over a useful lifetime of seven years. The changing in depreciation method is a change in accounting estimate and is accounted for in the period of the change and subsequent periods.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
118 
19,653 
19,771 
At 31 March 2024
118 
19,653 
19,771 
Depreciation
At 1 April 2023
18 
14,367 
14,385 
Charge for the year
18 
1,671 
1,689 
At 31 March 2024
36 
16,038 
16,074 
Net book value
At 31 March 2024
82 
3,615 
3,697 
At 31 March 2023
100 
5,286 
5,386 
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RED PHANTOM GAMES LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
234 
- 
Accrued income and prepayments
48 
- 
282 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
(516)
Trade creditors
875 
874 
Taxes and social security
1,230 
751 
Other creditors
1 
69 
Loans from directors
18,851 
19,578 
20,957 
20,756 
7
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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