| REGISTERED NUMBER: |
| Red Rose CPS Ltd |
| Abridged Financial Statements |
| for the Year Ended 31 December 2024 |
| REGISTERED NUMBER: |
| Red Rose CPS Ltd |
| Abridged Financial Statements |
| for the Year Ended 31 December 2024 |
| Red Rose CPS Ltd (Registered number: 09415212) |
| Contents of the Financial Statements |
| for the year ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Red Rose CPS Ltd |
| Company Information |
| for the year ended 31 December 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| & Statutory Auditors |
| 239-241 Kennington Lane |
| London |
| SE11 5QU |
| Red Rose CPS Ltd (Registered number: 09415212) |
| Statement of Financial Position |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | $ | $ | $ | $ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Red Rose CPS Ltd (Registered number: 09415212) |
| Notes to the Financial Statements |
| for the year ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Red Rose CPS Ltd is a |
| The presentation currency of the financial statements is the US Dollar ($). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Red Rose CPS Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover is derived from the ordinary trading activities of the business and is recognised when the customers obtain the right to consideration. Revenue from a contract to provide services is recognised at the point in which the service is provided. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| Red Rose CPS Ltd (Registered number: 09415212) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| $ |
| COST |
| At 1 January 2024 |
| and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| Red Rose CPS Ltd (Registered number: 09415212) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| $ | $ |
| Trade debtors |
| Amounts owed by associates |
| VAT |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| $ | $ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Directors' current accounts | - | 1,260 |
| Accrued expenses |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | $ | $ |
| Ordinary | £1 | 1,521 | 1,521 |
| The conversion rate used to convert was UK Sterling £1.00 equals US $1.521 |
| 8. | RESERVES |
| Retained |
| earnings |
| $ |
| At 1 January 2024 |
| Profit for the year |
| At 31 December 2024 |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| Red Rose CPS Ltd (Registered number: 09415212) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 10. | RELATED PARTY DISCLOSURES |
| Transactions with key management personnel: |
| Included in creditors are amounts due to key management personnel at balance sheet date of Nil (2023: $1,260). No interest is charged on this balance and it is repayable on demand. |
| Transactions with entities under common control: |
| 2024 | 2023 |
| $ | $ |
| Sales | 150,000 | 150,000 |
| Purchases | - | - |
| Trade debtors | 150,000 | 273,403 |
| Trade creditors | - | - |
| Amount due to related party | 22,707 | 81,391 |
| Amount due from related party | 11,500 | 11,500 |
| The balances above are repayable on demand. |