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REGISTERED NUMBER: SC483931 (Scotland)




















Cheval Rouge Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Cheval Rouge Limited (Registered number: SC483931)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cheval Rouge Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: D Hamilton



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
EH3 6AT



REGISTERED NUMBER: SC483931 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Starling Bank
7Th Floor
Norfolk House
31 St James's Square
London
SW1Y 4JR

Cheval Rouge Limited (Registered number: SC483931)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,441 54,080
Investments 5 135,159 76,419
175,600 130,499

CURRENT ASSETS
Debtors 6 11,520 13,500
Cash at bank 71,873 80,930
83,393 94,430
CREDITORS
Amounts falling due within one year 7 23,691 27,261
NET CURRENT ASSETS 59,702 67,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,302

197,668

PROVISIONS FOR LIABILITIES 8,408 11,389
NET ASSETS 226,894 186,279

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 226,794 186,179
226,894 186,279

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Cheval Rouge Limited (Registered number: SC483931)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 February 2025 and were signed by:





D Hamilton - Director


Cheval Rouge Limited (Registered number: SC483931)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Cheval Rouge Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover and revenue recognition
Turnover represents net invoiced provision of human resources consulting services, excluding value added tax.

Revenue is recognised in accordance with Financial Reporting Standard 5 "Reporting the Substance of Transactions", Application Note G "Revenue Recognition", and UITF 40 "Revenue Recognition and Service Contracts". In this respect, revenue is recognised in line with performance, to the extent that a right to consideration arises. Included in current assets, as "accrued sales", are amounts in respect of income that has been recognised but not billed by the end of the period. Provision is made against unbilled amounts where the right to receive payment is contingent and dependent on factors outside the control of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 15% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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


Cheval Rouge Limited (Registered number: SC483931)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

Investments
Investments in unlisted funds are shown at fair value, with any gains or losses released to the Profit and Loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 57,754
Disposals (780 )
At 31 August 2024 56,974
DEPRECIATION
At 1 September 2023 3,674
Charge for year 13,639
Eliminated on disposal (780 )
At 31 August 2024 16,533
NET BOOK VALUE
At 31 August 2024 40,441
At 31 August 2023 54,080

Cheval Rouge Limited (Registered number: SC483931)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 76,419
Additions 58,740
At 31 August 2024 135,159
NET BOOK VALUE
At 31 August 2024 135,159
At 31 August 2023 76,419

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2023 1,419
Valuation in 2024 13,740
Cost 120,000
135,159

If unlisted investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 120,000 75,000

Unlisted investments were valued on an open market basis basis on 31 August 2024 by Quilter .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,520 13,500

Cheval Rouge Limited (Registered number: SC483931)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 21,746 24,863
Other creditors 1,945 2,398
23,691 27,261