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REGISTERED NUMBER: 12183344 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Red Lodge Learning Ltd

Red Lodge Learning Ltd (Registered number: 12183344)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Red Lodge Learning Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: D O Moran
S Moran





REGISTERED OFFICE: 20 Kings Road
Clevedon
Somerset
BS21 7EN





REGISTERED NUMBER: 12183344 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Red Lodge Learning Ltd (Registered number: 12183344)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 92,997 86,990
Tangible assets 5 3,807 3,213
96,804 90,203

CURRENT ASSETS
Debtors 6 10,901 14,957
Cash at bank 650 9,345
11,551 24,302
CREDITORS
Amounts falling due within one year 7 26,777 23,917
NET CURRENT (LIABILITIES)/ASSETS (15,226 ) 385
TOTAL ASSETS LESS CURRENT LIABILITIES 81,578 90,588

PROVISIONS FOR LIABILITIES - 1,052
NET ASSETS 81,578 89,536

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 82,000 82,000
Retained earnings (423 ) 7,535
81,578 89,536

Red Lodge Learning Ltd (Registered number: 12183344)

Balance Sheet - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 19 April 2025 and were signed on its behalf by:





D O Moran - Director


Red Lodge Learning Ltd (Registered number: 12183344)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Red Lodge Learning Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets including development and trademark costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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


Red Lodge Learning Ltd (Registered number: 12183344)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future. They have therefore prepared the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Red Lodge Learning Ltd (Registered number: 12183344)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023 105,233
Additions 17,740
At 30 September 2024 122,973
AMORTISATION
At 1 October 2023 18,243
Charge for year 11,733
At 30 September 2024 29,976
NET BOOK VALUE
At 30 September 2024 92,997
At 30 September 2023 86,990

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023 7,533
Additions 3,039
At 30 September 2024 10,572
DEPRECIATION
At 1 October 2023 4,320
Charge for year 2,445
At 30 September 2024 6,765
NET BOOK VALUE
At 30 September 2024 3,807
At 30 September 2023 3,213

Red Lodge Learning Ltd (Registered number: 12183344)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 7,000
Other debtors 10,901 7,957
10,901 14,957

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 322 -
Taxation and social security - 576
Other creditors 26,455 23,341
26,777 23,917

8. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management


Total
2024 £ £
At start of period 21,841 21,841
Advanced 4,664 4,664
Repaid (1,550 ) (1,550 )
At end of period 24,955 24,955


Key
management


Total
2023 £ £
At start of period 20,597 20,597
Advanced 1,624 1,624
Repaid (380 ) (380 )
At end of period 21,841 21,841

Loans from key management are interest free and repayable on demand.

Red Lodge Learning Ltd (Registered number: 12183344)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. RELATED PARTY DISCLOSURES - continued

Loans to related parties



Other related
parties


Total
2024 £ £
At start of period 7,957 7,957
Advanced 1,882 1,882
Repaid - -
At end of period 9,839 9,839


Other related
parties


Total
2023 £ £
At start of period - -
Advanced 7,957 7,957
Repaid - -
At end of period 7,957 7,957

Loans to other related parties are interest free and repayable on demand.