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REGISTERED NUMBER: 06377429 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st December 2024

for

RED WING MEDIA LIMITED

RED WING MEDIA LIMITED (REGISTERED NUMBER: 06377429)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RED WING MEDIA LIMITED

Company Information
for the year ended 31st December 2024







DIRECTORS: D M Dew
J P Clements
L Plummer
T M M Tremayne





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: 06377429 (England and Wales)





ACCOUNTANTS: TC Group
Office: Croydon - TC SWP
3rd Floor, Suffolk House
George Street
Croydon
CR0 0YN

RED WING MEDIA LIMITED (REGISTERED NUMBER: 06377429)

Statement of Financial Position
31st December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 5 87,147 106,971
Cash at bank 782,273 792,102
869,420 899,073
CREDITORS
Amounts falling due within one year 6 868,384 888,670
NET CURRENT ASSETS 1,036 10,403
TOTAL ASSETS LESS CURRENT LIABILITIES 1,036 10,403

CREDITORS
Amounts falling due after more than one
year

7

779

10,130
NET ASSETS 257 273

CAPITAL AND RESERVES
Called up share capital 8 200 200
Capital redemption reserve 50 50
Retained earnings 7 23
SHAREHOLDERS' FUNDS 257 273

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

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

The directors acknowledge their 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.

RED WING MEDIA LIMITED (REGISTERED NUMBER: 06377429)

Statement of Financial Position - continued
31st December 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 Board of Directors and authorised for issue on 17th April 2025 and were signed on its behalf by:





T M M Tremayne - Director


RED WING MEDIA LIMITED (REGISTERED NUMBER: 06377429)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Red Wing Media 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.

Revenue
Revenue compromises amounts receivable for the rendering of marketing and PR services, and is recognised at the point of sale to the extent that it is probably that the economic benefits will flow to the company and the turnover can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at the historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged as so to allocate the cost of assets less their residual values over their estimated useful lives, on the following basis:

Computer equipment - 33% straight line

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.

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 statement of financial position date.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price.

RED WING MEDIA LIMITED (REGISTERED NUMBER: 06377429)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1st January 2024 464
Disposals (464 )
At 31st December 2024 -
DEPRECIATION
At 1st January 2024 464
Eliminated on disposal (464 )
At 31st December 2024 -
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 87,147 106,971

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 94,350 11,190
Amounts owed to associates 667,927 781,893
Tax 95,995 84,970
Other creditors 10,112 10,617
868,384 888,670

RED WING MEDIA LIMITED (REGISTERED NUMBER: 06377429)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 779 10,130

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
200 Ordinary shares £1 200 200

There is a single class of ordinary share. There are no restrictions on the distribution of dividends and the repayment of capital.