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REGISTERED NUMBER: SC530123 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

RED SKY PRODUCTIONS LIMITED

RED SKY PRODUCTIONS LIMITED (REGISTERED NUMBER: SC530123)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RED SKY PRODUCTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Jane Kathryn Rogerson
Ross Douglas Harper
Julian Delisle Burns
Alex Graham



SECRETARY: Jane Kathryn Rogerson



REGISTERED OFFICE: Greystonelea
Finnery Road
Gartocharn
G83 8SD



REGISTERED NUMBER: SC530123 (Scotland)



ACCOUNTANTS: Stewart Gilmour & Co.
3rd Floor
St George's Buildings
5 St Vincent Place
Glasgow
G1 2DH



BANKERS: Arbuthnot Latham & Co. Limited
Arbuthnot House
7 Wilson Street
London
EC2M 2SN

RED SKY PRODUCTIONS LIMITED (REGISTERED NUMBER: SC530123)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 671 1,771

CURRENT ASSETS
Debtors 5 223,018 624,514
Cash at bank and in hand 301,586 405,059
524,604 1,029,573
CREDITORS
Amounts falling due within one year 6 471,018 956,107
NET CURRENT ASSETS 53,586 73,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,257

75,237

PROVISIONS FOR LIABILITIES 167 606
NET ASSETS 54,090 74,631

CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium 478,741 478,741
Retained earnings (424,751 ) (404,210 )
SHAREHOLDERS' FUNDS 54,090 74,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 SKY PRODUCTIONS LIMITED (REGISTERED NUMBER: SC530123)

BALANCE SHEET - continued
30 SEPTEMBER 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 18 September 2024 and were signed on its behalf by:





Jane Kathryn Rogerson - Director


RED SKY PRODUCTIONS LIMITED (REGISTERED NUMBER: SC530123)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Red Sky Productions Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost
Furniture and fixtures - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Government grants
Government grants received in respect of expenditure charged in the profit and loss account during the year have been included in the profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 17 ) .

RED SKY PRODUCTIONS LIMITED (REGISTERED NUMBER: SC530123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Furniture
Office and
equipment fixtures Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 26,881 1,505 28,386
DEPRECIATION
At 1 October 2022 25,110 1,505 26,615
Charge for year 1,100 - 1,100
At 30 September 2023 26,210 1,505 27,715
NET BOOK VALUE
At 30 September 2023 671 - 671
At 30 September 2022 1,771 - 1,771

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 206,936 231,243
Other debtors 16,082 393,271
223,018 624,514

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 148,932 358,210
Taxation and social security 21,545 32,250
Other creditors 300,541 565,647
471,018 956,107

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,500 Ordinary "A" £0.01 65 35
6,500 Ordinary "B" £0.01 35 65
100 100

8. POST BALANCE SHEET EVENTS

Director Ross Douglas Harper resigned with effect from 31 January 2024.

RED SKY PRODUCTIONS LIMITED (REGISTERED NUMBER: SC530123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. SECURED DEBTS

Included within cash at bank and in hand at 30 September 2023 was £272,773 in designated trust accounts on behalf of television companies and sponsors (2022 : £329,886).