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Company Registration No. 14571145 (England and Wales)
House of Red Limited Unaudited accounts for the period from 4 January 2023 to 31 March 2024
House of Red Limited Unaudited accounts Contents
Page
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House of Red Limited Company Information for the period from 4 January 2023 to 31 March 2024
Director
R Elliott
Company Number
14571145 (England and Wales)
Registered Office
1 WYETHS ROAD EPSOM KT17 4EB ENGLAND
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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House of Red Limited Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
804 
Current assets
Debtors
28,736 
Cash at bank and in hand
63,173 
91,909 
Creditors: amounts falling due within one year
(88,545)
Net current assets
3,364 
Net assets
4,168 
Capital and reserves
Called up share capital
1 
Profit and loss account
4,167 
Shareholders' funds
4,168 
For the period 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 her 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 23 August 2024 and were signed on its behalf by
R Elliott Director Company Registration No. 14571145
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House of Red Limited Notes to the Accounts for the period from 4 January 2023 to 31 March 2024
1
Statutory information
House of Red Limited is a private company, limited by shares, registered in England and Wales, registration number 14571145. The registered office is 1 WYETHS ROAD, EPSOM, KT17 4EB, 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 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 year straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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House of Red Limited Notes to the Accounts for the period from 4 January 2023 to 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 4 January 2023
- 
Additions
1,208 
At 31 March 2024
1,208 
Depreciation
Charge for the period
404 
At 31 March 2024
404 
Net book value
At 31 March 2024
804 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
540 
Accrued income and prepayments
2,144 
Other debtors
26,052 
28,736 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
8,648 
Taxes and social security
855 
Loans from directors
10,456 
Accruals
750 
Deferred income
67,836 
88,545 
7
Share capital
2024 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
8
Average number of employees
During the period the average number of employees was 1.
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