Registered number
12601536
Red Gravity Limited
(formerly MMS360 Group Limited)
Unaudited Filleted Accounts
31 May 2024
Red Gravity Limited
Registered number: 12601536
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 206,250 206,250
Net current assets - -
Total assets less current liabilities 206,250 206,250
Creditors: amounts falling due after more than one year 4 (206,150) (206,150)
Net assets 100 100
Capital and reserves
Called up share capital 100 100
Shareholder's funds 100 100
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A King
Director
Approved by the board on 18 September 2024
Red Gravity Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 June 2023 206,250
At 31 May 2024 206,250
4 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 206,150 206,150
5 Related party transactions
Included in the related party loan is a loan from MMS360 Limited which has no set repayment period and no interest. The total balance outstanding as at 31 May 2024 is £206,150 (2023: £206,150).
6 Other information
Red Gravity Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor Nucleus House
2 Lower Mortlake Road
Richmond
TW9 2JA
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