Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 18 April 2023 false 1 January 2024 31 December 2024 31 December 2024 14811676 P J Irwin P Ishimoto iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14811676 2023-12-31 14811676 2024-12-31 14811676 2024-01-01 2024-12-31 14811676 frs-core:CurrentFinancialInstruments 2024-12-31 14811676 frs-core:ShareCapital 2024-12-31 14811676 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14811676 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14811676 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14811676 frs-bus:SmallEntities 2024-01-01 2024-12-31 14811676 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14811676 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14811676 frs-bus:Director1 2024-01-01 2024-12-31 14811676 frs-bus:Director2 2024-01-01 2024-12-31 14811676 frs-countries:EnglandWales 2024-01-01 2024-12-31 14811676 2023-04-17 14811676 2023-12-31 14811676 2023-04-18 2023-12-31 14811676 frs-core:CurrentFinancialInstruments 2023-12-31 14811676 frs-core:ShareCapital 2023-12-31 14811676 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14811676
Scarlet Rights 5 Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14811676
31 December 2024 31 December 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,588,579 -
Debtors 5 41,476 114,689
Cash at bank and in hand 30,111 13,457
1,660,166 128,146
Creditors: Amounts Falling Due Within One Year 6 (1,663,141 ) (128,782 )
NET CURRENT ASSETS (LIABILITIES) (2,975 ) (636 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,975 ) (636 )
NET LIABILITIES (2,975 ) (636 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (2,976 ) (637 )
SHAREHOLDERS' FUNDS (2,975) (636)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P J Irwin
Director
27/03/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Scarlet Rights 5 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14811676 . The registered office is Well Cottage Farhill, Llanishen, Chepstow, Gwent, NP16 6QY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover relates to the production of the television series entitled "Miss Scarlet - Season 5". lt represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT.
Rendering of services
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
31 December 2024 31 December 2023
£ £
Work in progress 1,588,579 -
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Prepayments and accrued income - 114,688
Called up share capital not paid 1 1
Amounts owed by associates 41,475 -
41,476 114,689
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors - 73,115
Bank loans and overdrafts 1,607,487 -
VAT - 499
Amounts owed to parent undertaking 55,654 -
Amounts owed to related parties - 55,168
1,663,141 128,782
7. Share Capital
31 December 2024 31 December 2023
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
Page 3