RED VISUAL EFFECTS LTD

Company Registration Number:
12089590 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

RED VISUAL EFFECTS LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

RED VISUAL EFFECTS LTD

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 17,772 23,555
Total fixed assets: 17,772 23,555
Current assets
Debtors: 4 639,727 668,857
Cash at bank and in hand: 1,269,266 799,226
Total current assets: 1,908,993 1,468,083
Creditors: amounts falling due within one year: 5 (201,890) (268,968)
Net current assets (liabilities): 1,707,103 1,199,115
Total assets less current liabilities: 1,724,875 1,222,670
Total net assets (liabilities): 1,724,875 1,222,670
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 1,724,871 1,222,666
Shareholders funds: 1,724,875 1,222,670

The notes form part of these financial statements

RED VISUAL EFFECTS LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 March 2025
and signed on behalf of the board by:

Name: Lev Kolobov
Status: Director

The notes form part of these financial statements

RED VISUAL EFFECTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover saying: Turnover represents net invoiced sales of goods, excluding VAT.

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Fixtures and fittings 25% straight line Computer and other equipment 25% straight line

Other accounting policies

Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

RED VISUAL EFFECTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

RED VISUAL EFFECTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 50,334
Additions 4,601
At 31 July 2024 54,935
Depreciation
At 01 August 2023 26,779
Charge for year 10,384
At 31 July 2024 37,163
Net book value
At 31 July 2024 17,772
At 31 July 2023 23,555

RED VISUAL EFFECTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

RED VISUAL EFFECTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023 VAT 16,390 46,658 Taxes and social security 183,488 194,892 Proposed dividends - 22,000 Loans from directors - 1,810 Accruals 2,012 3,608 Total 201,890 268,968

RED VISUAL EFFECTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Related party transactions

Name of the related party: Red SPV Ltd.
Relationship:
Company controlled by directors
Description of the Transaction: Red Visual Effects Ltd has provided a non-interest bearing loan to Red SPV Ltd.
£
Balance at 01 August 2023 600,000
Balance at 31 July 2024 600,000