Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Mr A D Anderson 04/08/2023 02 May 2025 The principal activity of the Company during the financial period was that of software development SC778070 2024-08-31 SC778070 bus:Director1 2024-08-31 SC778070 core:CurrentFinancialInstruments 2024-08-31 SC778070 core:ShareCapital 2024-08-31 SC778070 core:OtherResidualIntangibleAssets 2023-08-31 SC778070 2023-08-31 SC778070 core:OtherResidualIntangibleAssets 2024-08-31 SC778070 bus:OrdinaryShareClass1 2024-08-31 SC778070 2023-09-01 2024-08-31 SC778070 bus:FilletedAccounts 2023-09-01 2024-08-31 SC778070 bus:SmallEntities 2023-09-01 2024-08-31 SC778070 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC778070 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC778070 bus:Director1 2023-09-01 2024-08-31 SC778070 core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 SC778070 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC778070 (Scotland)

RED FOX FINANCE GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD ENDED 31 AUGUST 2024
PAGES FOR FILING WITH THE REGISTRAR

RED FOX FINANCE GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD ENDED 31 AUGUST 2024

Contents

RED FOX FINANCE GROUP LIMITED

BALANCE SHEET

AS AT 31 AUGUST 2024
RED FOX FINANCE GROUP LIMITED

BALANCE SHEET (continued)

AS AT 31 AUGUST 2024
Note 2024
£
Fixed assets
Intangible assets 3 224,546
224,546
Current assets
Debtors 100
100
Creditors: amounts falling due within one year 4 ( 224,546)
Net current liabilities (224,446)
Total assets less current liabilities 100
Net assets 100
Capital and reserves
Called-up share capital 5 100
Total shareholder's funds 100

For the financial period ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Red Fox Finance Group Limited (registered number: SC778070) were approved and authorised for issue by the Director on 02 May 2025. They were signed on its behalf by:

Mr A D Anderson
Director
RED FOX FINANCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD ENDED 31 AUGUST 2024
RED FOX FINANCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD ENDED 31 AUGUST 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Red Fox Finance Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Tsf Finance Ltd 69 St Vincent Street, Level 2, Suite 2/2, Glasgow, G2 5TF, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The company was incorporated on 4 August 2023. The accounts have been prepared for the period 4 August 2023 to 31 August 2024.

Profit and loss account

The company has not traded during the period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets not amortised
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other creditors

Trade and other creditors are recognised at fair value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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

2. Employees

2024
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 September 2023 224,546 224,546
At 31 August 2024 224,546 224,546
Accumulated amortisation
At 01 September 2023 0 0
At 31 August 2024 0 0
Net book value
At 31 August 2024 224,546 224,546

4. Creditors: amounts falling due within one year

2024
£
Other creditors 224,546

5. Called-up share capital

2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

6. Related party transactions

Transactions with the entity's director

2024
£
Amounts owed by Key management personel 100

Other related party transactions

2024
£
Amounts owed to related parties 81,296