IRIS Accounts Production v24.2.0.383 08434836 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084348362023-03-31084348362024-03-31084348362023-04-012024-03-31084348362022-03-31084348362022-04-012023-03-31084348362023-03-3108434836ns15:EnglandWales2023-04-012024-03-3108434836ns14:PoundSterling2023-04-012024-03-3108434836ns10:Director12023-04-012024-03-3108434836ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108434836ns10:SmallEntities2023-04-012024-03-3108434836ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108434836ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108434836ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108434836ns10:FullAccounts2023-04-012024-03-3108434836ns10:OrdinaryShareClass12023-04-012024-03-3108434836ns10:Director22023-04-012024-03-3108434836ns10:RegisteredOffice2023-04-012024-03-3108434836ns5:CurrentFinancialInstruments2024-03-3108434836ns5:CurrentFinancialInstruments2023-03-3108434836ns5:ShareCapital2024-03-3108434836ns5:ShareCapital2023-03-3108434836ns5:RetainedEarningsAccumulatedLosses2024-03-3108434836ns5:RetainedEarningsAccumulatedLosses2023-03-3108434836ns5:CostValuation2023-03-3108434836ns10:OrdinaryShareClass12024-03-3108434836ns5:RetainedEarningsAccumulatedLosses2023-03-3108434836ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
DRAFT
REGISTERED NUMBER: 08434836 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

RED HOLDING UK LTD

RED HOLDING UK LTD (REGISTERED NUMBER: 08434836)

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

DRAFT









Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RED HOLDING UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DRAFT
DIRECTORS: T&W Directors Ltd
Ms E Pettenuzzo





REGISTERED OFFICE: 38 Craven Street
London
WC2N 5NG





REGISTERED NUMBER: 08434836 (England and Wales)





ACCOUNTANTS: B&P Tax Legal Finance LLP
38 Craven Street
London
WC2N 5NG

RED HOLDING UK LTD (REGISTERED NUMBER: 08434836)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
DRAFT
FIXED ASSETS
Investments 4 8,767 8,767

CURRENT ASSETS
Cash in hand 100 100

CREDITORS
Amounts falling due within one year 5 (65,177 ) (65,629 )
NET CURRENT LIABILITIES (65,077 ) (65,529 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,310

)

(56,762

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 (56,410 ) (56,862 )
SHAREHOLDERS' FUNDS (56,310 ) (56,762 )

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.

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 28 October 2024 and were signed on its behalf by:





Ms E Pettenuzzo - Director


RED HOLDING UK LTD (REGISTERED NUMBER: 08434836)

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

DRAFT

1. STATUTORY INFORMATION

RED HOLDING UK LTD 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial assets

The company's financial assets comprise basic financial instruments, being cash balance.
Cash is represented by cash in hand.


Financial liabilities

The company's financial liabilities comprise of basic financial liabilities, including other payables, accruals and deferred income. These are initially recognised at transaction price.

Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Going concern
The immediate parent company SIST Societa' Italiana Servizi Trust Srl has confirmed that it will continue to provide the financial resources necessary for the Company to meet its financial commitments as they fall due for at least 12 months from the date of approval of these financial statements. Therefore the director considers it appropriate that the financial statements are prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

RED HOLDING UK LTD (REGISTERED NUMBER: 08434836)

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

DRAFT

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 8,767
NET BOOK VALUE
At 31 March 2024 8,767
At 31 March 2023 8,767

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 59,527 56,525
Accruals and deferred income 5,650 9,104
65,177 65,629

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital 1 100 100

7. RESERVES
Retained
earnings
£   

At 1 April 2023 (56,862 )
Profit for the year 452
At 31 March 2024 (56,410 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is SIST Societa' Italiana ServiziTrust Srl.

The ultimate controlling party is Gabriele Grespan.