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Registered Number: 04724580
England and Wales

 

 

 

RED KITE MANAGEMENT SERVICES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 06 April 2023

End date: 05 April 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Red Kite Management Services Limited for the year ended 05 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Red Kite Management Services Limited for the year ended 05 April 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of Red Kite Management Services Limited, as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of Red Kite Management Services Limited and state those matters that we have agreed to state to the Board of Directors of Red Kite Management Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Red Kite Management Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Red Kite Management Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Red Kite Management Services Limited. You consider that Red Kite Management Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Red Kite Management Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the year ended 05 April 2024. 









....................................................

Chawton Hector

2 Maules Gardens
Bristol
Avon
BS34 8AN

10 December 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 89,408    29,786 
89,408    29,786 
Current assets      
Debtors 12,989    11,963 
Cash at bank and in hand 52,287    161,169 
65,276    173,132 
Creditors: amount falling due within one year (28,583)   (78,938)
Net current assets 36,693    94,194 
 
Total assets less current liabilities 126,101    123,980 
Creditors: amount falling due after more than one year (17,500)   (27,500)
Net assets 108,601    96,480 
 

Capital and reserves
     
Called up share capital 4 2    2 
Profit and loss account 108,599    96,478 
Shareholders' funds 108,601    96,480 
 


For the year ended 05 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 10 December 2024 and were signed by:


-------------------------------
Terry Barratt
Director
2
General Information
Red Kite Management Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04724580, registration address 94 Proclamation Avenue, Rothwell, Kettering, NN14 6GY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 06 April 2023 128,385    128,385 
Additions 68,495    68,495 
Disposals  
At 05 April 2024 196,880    196,880 
Depreciation
At 06 April 2023 98,599    98,599 
Charge for year 8,873    8,873 
On disposals  
At 05 April 2024 107,472    107,472 
Net book values
Closing balance as at 05 April 2024 89,408    89,408 
Opening balance as at 06 April 2023 29,786    29,786 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
2 Ordinary shares of £1.00 each  
 

3