1
01/09/2023
31/08/2024
2024-08-31
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
true
false
No description of principal activities is disclosed
2023-09-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
07667732
2023-09-01
2024-08-31
07667732
2024-08-31
07667732
2023-08-31
07667732
2022-09-01
2023-08-31
07667732
2023-08-31
07667732
2022-08-31
07667732
bus:RegisteredOffice
2023-09-01
2024-08-31
07667732
bus:OrdinaryShareClass2
2023-09-01
2024-08-31
07667732
bus:OrdinaryShareClass3
2023-09-01
2024-08-31
07667732
bus:LeadAgentIfApplicable
2023-09-01
2024-08-31
07667732
bus:Director1
2023-09-01
2024-08-31
07667732
bus:Director2
2023-09-01
2024-08-31
07667732
core:NetGoodwill
2024-08-31
07667732
core:PlantMachinery
2023-08-31
07667732
core:PlantMachinery
2024-08-31
07667732
core:WithinOneYear
2024-08-31
07667732
core:WithinOneYear
2023-08-31
07667732
bus:AllOrdinaryShares
2023-09-01
2024-08-31
07667732
bus:AllOrdinaryShares
2022-09-01
2023-08-31
07667732
core:ShareCapital
2024-08-31
07667732
core:ShareCapital
2023-08-31
07667732
core:RetainedEarningsAccumulatedLosses
2024-08-31
07667732
core:RetainedEarningsAccumulatedLosses
2023-08-31
07667732
bus:OrdinaryShareClass2
core:ShareCapital
2024-08-31
07667732
bus:OrdinaryShareClass2
core:ShareCapital
2023-08-31
07667732
bus:OrdinaryShareClass3
core:ShareCapital
2024-08-31
07667732
bus:OrdinaryShareClass3
core:ShareCapital
2023-08-31
07667732
core:PlantMachinery
2023-09-01
2024-08-31
07667732
core:NetGoodwill
2023-08-31
07667732
core:CostValuation
core:Non-currentFinancialInstruments
2023-08-31
07667732
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2024-08-31
07667732
core:Non-currentFinancialInstruments
core:OtherIncreaseDecreaseInInvestments
2024-08-31
07667732
core:CostValuation
core:Non-currentFinancialInstruments
2024-08-31
07667732
core:Non-currentFinancialInstruments
2024-08-31
07667732
core:Non-currentFinancialInstruments
2023-08-31
07667732
core:PlantMachinery
2023-08-31
07667732
bus:Director1
2023-08-31
07667732
bus:Director1
2024-08-31
07667732
bus:Director1
2022-08-31
07667732
bus:Director1
2023-08-31
07667732
bus:Director1
2022-09-01
2023-08-31
07667732
bus:SmallEntities
2023-09-01
2024-08-31
07667732
bus:AuditExemptWithAccountantsReport
2023-09-01
2024-08-31
07667732
bus:SmallCompaniesRegimeForAccounts
2023-09-01
2024-08-31
07667732
bus:PrivateLimitedCompanyLtd
2023-09-01
2024-08-31
07667732
bus:FullAccounts
2023-09-01
2024-08-31
07667732
core:NetGoodwill
2023-09-01
2024-08-31
Company registration number:
07667732
Red Cow Investments Limited
Unaudited filleted financial statements
for the year ended
31 August 2024
Prepared by:
THOMAS NOCK MARTIN LIMITED
CHARTERED ACCOUNTANTS
BRIERLEY HILL
Red Cow Investments Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Red Cow Investments Limited
Directors and other information
|
|
|
|
Directors |
Gary John Cooke |
|
|
Sharon Brigid Cartner |
|
|
|
|
|
|
|
Company number |
07667732 |
|
|
|
|
|
|
|
Registered office |
5 Hagley Court South |
|
|
The Waterfront |
|
|
Brierley Hill |
|
|
West Midlands |
|
|
DY5 1XE |
|
|
|
|
|
|
|
Business address |
Meadow Barn |
|
|
Hook Grange |
|
|
Welland Road |
|
|
Upton upon Severn, Worcestershire |
|
|
WR8 0SR |
|
|
|
|
|
|
|
Accountants |
Thomas Nock Martin Limited |
|
|
5 Hagley Court South |
|
|
The Waterfront |
|
|
Brierley Hill |
|
|
West Midlands |
|
|
DY5 1XE |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bankers |
NatWest plc |
|
|
1 The Cross |
|
|
Worcester |
|
|
WR1 3PR |
|
|
|
Red Cow Investments Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Red Cow Investments Limited
Year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Red Cow Investments Limited for the year ended 31 August 2024 which comprise the statement of financial position and 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Red Cow Investments Limited, as a body, in accordance with the terms of our engagement letter dated 12 November 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Red Cow Investments Limited and state those matters that we have agreed to state to the board of directors of Red Cow Investments 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 Cow Investments Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Red Cow Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Red Cow Investments Limited. You consider that Red Cow Investments 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 financial statements of Red Cow Investments 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 financial statements.
Thomas Nock Martin Limited
Chartered Accountants
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
10 January 2025
Red Cow Investments Limited
Statement of financial position
31 August 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
6 |
- |
|
|
|
- |
|
|
Tangible assets |
|
7 |
589 |
|
|
|
1,261 |
|
|
Investments |
|
8 |
229,963 |
|
|
|
181,232 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
230,552 |
|
|
|
182,493 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
9 |
44,854 |
|
|
|
29,640 |
|
|
Cash at bank and in hand |
|
|
733,328 |
|
|
|
705,890 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
778,182 |
|
|
|
735,530 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
10 |
(
45,910) |
|
|
|
(
53,666) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
732,272 |
|
|
|
681,864 |
|
|
|
|
|
_________ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
962,824 |
|
|
|
864,357 |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
150) |
|
|
|
(
315) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_________ |
|
|
|
_______ |
Net assets |
|
|
|
|
962,674 |
|
|
|
864,042 |
|
|
|
|
|
_________ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
11 |
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
962,574 |
|
|
|
863,942 |
|
|
|
|
|
_________ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
962,674 |
|
|
|
864,042 |
|
|
|
|
|
_________ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 January 2025
, and are signed on behalf of the board by:
Gary John Cooke
Director
Company registration number:
07667732
Red Cow Investments Limited
Notes to the financial statements
Year ended 31 August 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 Hagley Court South, The Waterfront, Brierley Hill, West Midlands, DY5 1XE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents commissions receivable during the year. The company is not registered for Value Added Tax purposes.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Office and computer equipment |
- |
20% and 25% straight line |
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in thestatement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and trade creditors, other debtors and creditors
.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
5.
Dividends
Equity dividends
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
|
|
|
|
|
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year) |
|
55,000 |
35,000 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 September 2023 and 31 August 2024 |
430,000 |
430,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 September 2023 and 31 August 2024 |
430,000 |
430,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 August 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 August 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Tangible assets
|
|
Office & computer equipment |
Total |
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 September 2023 and 31 August 2024 |
4,333 |
4,333 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 September 2023 |
3,072 |
3,072 |
|
|
|
|
|
|
Charge for the year |
672 |
672 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 August 2024 |
3,744 |
3,744 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 August 2024 |
589 |
589 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 August 2023 |
1,261 |
1,261 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.
Investments
|
|
Other investments other than loans |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 September 2023 |
181,232 |
181,232 |
|
|
|
|
|
Additions |
28,895 |
28,895 |
|
|
|
|
|
Fair value adjustment |
20,578 |
20,578 |
|
|
|
|
|
Other movements |
(
742) |
(
742) |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 August 2024 |
229,963 |
229,963 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 September 2023 and 31 August 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 August 2024 |
229,963 |
229,963 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 August 2023 |
181,232 |
181,232 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
9.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
|
|
|
|
|
Trade debtors |
|
11,778 |
6,250 |
|
Other debtors |
|
33,076 |
23,390 |
|
|
|
_______ |
_______ |
|
|
|
44,854 |
29,640 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
|
|
|
|
|
Trade creditors |
|
1,570 |
999 |
|
Corporation tax |
|
42,360 |
34,520 |
|
Other creditors |
|
1,980 |
18,147 |
|
|
|
_______ |
_______ |
|
|
|
45,910 |
53,666 |
|
|
|
_______ |
_______ |
|
|
|
|
|
11.
Called up share capital
Issued, called up and fully paid
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Ordinary A shares of £
1.00 each |
|
75 |
|
75 |
|
75 |
|
75 |
|
Ordinary B shares of £
1.00 each |
|
25 |
|
25 |
|
25 |
|
25 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
100 |
|
100 |
|
100 |
|
100 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
12.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances to the directors |
Amounts repaid |
Balance carried forward |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
Gary John Cooke |
23,092 |
65,157 |
(
55,492) |
32,757 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances to the directors |
Amounts repaid |
Balance carried forward |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
Gary John Cooke |
(
16,354) |
65,846 |
(
26,400) |
23,092 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|