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
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
RED PHANTOM GAMES LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
3,697
5,386
Cash at bank and in hand
21,349
31,850
Creditors: amounts falling due within one year
(20,957)
(20,756)
Net current assets
674
11,094
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
RED PHANTOM GAMES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 March 2024
82
3,615
3,697
At 31 March 2023
100
5,286
5,386
RED PHANTOM GAMES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
48
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,230
751
Loans from directors
18,851
19,578
7
Average number of employees
During the year the average number of employees was 2 (2023: 1).