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REGISTERED NUMBER: 08041872 (England and Wales)















Sofier PR Limited
Trading as
Red Kite

Unaudited Financial Statements

for the Year Ended 31 May 2024






Sofier PR Limited (Registered number: 08041872)
Trading as Red Kite

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sofier PR Limited
Trading as Red Kite

Company Information
for the year ended 31 May 2024







Director: Shelley Katrina Goldstein





Registered office: Harben House
Harben Parade
Finchley Road
London
NW3 6LH





Registered number: 08041872 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Sofier PR Limited (Registered number: 08041872)
Trading as Red Kite

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 90 1,161

Current assets
Debtors 5 48,120 51,279
Cash in hand - 100
48,120 51,379
Creditors
Amounts falling due within one year 6 237,019 175,399
Net current liabilities (188,899 ) (124,020 )
Total assets less current liabilities (188,809 ) (122,859 )

Capital and reserves
Called up share capital 7 100 100
Retained earnings 8 (188,909 ) (122,959 )
Shareholders' funds (188,809 ) (122,859 )

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

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

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 11 February 2025 and were signed by:





Shelley Katrina Goldstein - Director


Sofier PR Limited (Registered number: 08041872)
Trading as Red Kite

Notes to the Financial Statements
for the year ended 31 May 2024


1. Statutory information

Sofier PR 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.

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
Turnover represents amounts receivable for services net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Critical accounting judgements and estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the Company's accounting policies
The Company makes a number of assessments which require judgement in preparing the accounts and can have a significant effect upon the financial statements. However due to the straight forward nature of the Company's business, management does not believe that there are any judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. However due to the straight forward nature of the Company's business, management does not believe that there are any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Sofier PR Limited (Registered number: 08041872)
Trading as Red Kite

Notes to the Financial Statements - continued
for the year ended 31 May 2024


2. Accounting policies - continued

Financial instruments
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets
Basic financial assets, including trade and other receivables, and cash and bank balances, are initially recognised at transaction price.

Trade receivables are assets due for services that have been acquired in the ordinary course of business from suppliers. Accounts receivables are classified as current assets if receipt is expected within one year or less. If not, they are presented as non-current assets. Trade receivables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

(ii) Financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. 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. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

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

4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 June 2023
and 31 May 2024 9,456
Depreciation
At 1 June 2023 8,295
Charge for year 1,071
At 31 May 2024 9,366
Net book value
At 31 May 2024 90
At 31 May 2023 1,161

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 44,194 51,044
Other debtors 3,926 235
48,120 51,279

Sofier PR Limited (Registered number: 08041872)
Trading as Red Kite

Notes to the Financial Statements - continued
for the year ended 31 May 2024


6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 20,114 7,924
Trade creditors 44,300 34,940
Taxation and social security 9,405 11,165
Other creditors 163,200 121,370
237,019 175,399

7. Called up share capital

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

8. Reserves
Retained
earnings
£

At 1 June 2023 (122,959 )
Deficit for the year (65,950 )
At 31 May 2024 (188,909 )

9. Ultimate controlling party

The controlling party is Shelley Katrina Goldstein.