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REGISTERED NUMBER: 02682561 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

REALLY SCARY BOOKS LIMITED

REALLY SCARY BOOKS LIMITED (REGISTERED NUMBER: 02682561)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


REALLY SCARY BOOKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P J James
Mrs L F James





SECRETARY: Mrs S J Middle





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 02682561 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

REALLY SCARY BOOKS LIMITED (REGISTERED NUMBER: 02682561)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,404 2,399
Tangible assets 5 619,020 625,364
Investments 6 75,375 75,375
695,799 703,138

CURRENT ASSETS
Debtors 7 1,653,878 1,113,818
Investments 8 50,291 443,842
Cash at bank 23,879 13,736
1,728,048 1,571,396
CREDITORS
Amounts falling due within one year 9 1,315,101 887,228
NET CURRENT ASSETS 412,947 684,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,108,746

1,387,306

CREDITORS
Amounts falling due after more than one
year

10

1,011,754

1,024,268
NET ASSETS 96,992 363,038

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 96,892 362,938
SHAREHOLDERS' FUNDS 96,992 363,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

REALLY SCARY BOOKS LIMITED (REGISTERED NUMBER: 02682561)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





P J James - Director


REALLY SCARY BOOKS LIMITED (REGISTERED NUMBER: 02682561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Really Scary Books Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at fair value of the consideration received or receivable net of value added tax.

Revenue from royalties received on previously published works are recognised in the period to which the royalties relate.

Revenue from advances received in respect of literary works is recognised at the full contract value when the literary work has been delivered to the publishers. Revenue from undelivered literary works is accrued as a percentage of the contract value based on the estimated stage of completion of the literary works are at the year end.

Revenue from other fees are recognised when the work has been carried out.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark
Amounts paid in respect of the trademark applications are being amortised evenly over there estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


REALLY SCARY BOOKS LIMITED (REGISTERED NUMBER: 02682561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 12,815
AMORTISATION
At 1 April 2023 10,418
Charge for year 993
At 31 March 2024 11,411
NET BOOK VALUE
At 31 March 2024 1,404
At 31 March 2023 2,397

REALLY SCARY BOOKS LIMITED (REGISTERED NUMBER: 02682561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 641,624 680 15,271 49,735 707,310
Additions - - - 3,034 3,034
Disposals - - - (31,866 ) (31,866 )
At 31 March 2024 641,624 680 15,271 20,903 678,478
DEPRECIATION
At 1 April 2023 30,744 64 11,176 39,962 81,946
Charge for year 3,416 7 615 5,340 9,378
Eliminated on disposal - - - (31,866 ) (31,866 )
At 31 March 2024 34,160 71 11,791 13,436 59,458
NET BOOK VALUE
At 31 March 2024 607,464 609 3,480 7,467 619,020
At 31 March 2023 610,880 616 4,095 9,773 625,364

Included in cost of land and buildings is freehold land of £ 300,000 (2023 - £ 300,000 ) which is not depreciated.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 115,325
PROVISIONS
At 1 April 2023
and 31 March 2024 39,950
NET BOOK VALUE
At 31 March 2024 75,375
At 31 March 2023 75,375

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 23,553
Other debtors 1,653,878 1,090,265
1,653,878 1,113,818

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 50,291 443,842

REALLY SCARY BOOKS LIMITED (REGISTERED NUMBER: 02682561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 168,522 245,665
Taxation and social security 45,073 38,313
Other creditors 1,101,506 603,250
1,315,101 887,228

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 411,754 424,268
Other creditors 600,000 600,000
1,011,754 1,024,268

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 401,831 428,688

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P J James
Balance outstanding at start of year 195,369 528,857
Amounts advanced 1,916,154 1,971,541
Amounts repaid (1,358,156 ) (1,879,029 )
Amounts written off - -
Amounts waived - (426,000 )
Balance outstanding at end of year 753,367 195,369