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Registered number: 15496387










SPARROW RED LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
SPARROW RED LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SPARROW RED LIMITED
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sparrow Red Limited for the period ended 30 September 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Sparrow Red Limited, as a body, in accordance with the terms of our engagement letter dated 2 July 2024Our work has been undertaken solely to prepare for your approval the financial statements of Sparrow Red Limited and state those matters that we have agreed to state to the Board of directors of Sparrow Red Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sparrow Red Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Sparrow Red Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sparrow Red Limited. You consider that Sparrow Red Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Sparrow Red Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
28 April 2025
Page 1

 
SPARROW RED LIMITED
REGISTERED NUMBER: 15496387

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
  
9,556

Cash at bank and in hand
  
2

  
9,558

Creditors: amounts falling due within one year
 4 
(10,606)

Net current (liabilities)/assets
  
 
 
(1,048)

Total assets less current liabilities
  
(1,048)

  

Net (liabilities)/assets
  
(1,048)


Capital and reserves
  

Called up share capital 
 5 
2

Profit and loss account
  
(1,050)

  
(1,048)


Page 2

 
SPARROW RED LIMITED
REGISTERED NUMBER: 15496387
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

For the period ended 30 September 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 April 2025.




T R Cross
Director

The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
SPARROW RED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

The Company is a private company, limited by shares, incorporated in England and Wales. The registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. The principal place of business is The Old Dairy, Park Farm, Gressenhall, Dereham, Norfolk, NR19 2QL.
The Company's principal activities are those of holiday accommodation management. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Going concern

The directors have considered a period of twelve months from the date of approval of the financial statements. The directors consider the projected income and ongoing support of the landlord to be adequate to enable the company to meet its obligations as they fall due. Accordingly, the financial statements have been prepared on the going concern basis. 

 
2.3

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. 


Page 4

 
SPARROW RED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

3.


Debtors

2024
£


Prepayments and accrued income
9,556

9,556



4.


Creditors: Amounts falling due within one year

2024
£

Other creditors
9,556

Accruals and deferred income
1,050

10,606



5.


Share capital

2024
£
Authorised, allotted, called up and fully paid


2 Ordinary shares of £1 each
2


2 Ordinary shares were issued during the period on incorporation. 

 
Page 5