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REGISTERED NUMBER: 09415212 (England and Wales)


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: Mr A H Buyukbayrak
Mr J L Edgar





SECRETARY:





REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU





REGISTERED NUMBER: 09415212 (England and Wales)





AUDITORS: Alton & Co
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 4 119,322 119,322

CURRENT ASSETS
Debtors 5 174,558 295,353
Cash at bank 390,000 262,451
564,558 557,804
CREDITORS
Amounts falling due within one year 6 59,632 133,502
NET CURRENT ASSETS 504,926 424,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

624,248

543,624

CAPITAL AND RESERVES
Called up share capital 7 1,521 1,521
Retained earnings 8 622,727 542,103
SHAREHOLDERS' FUNDS 624,248 543,624

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





Mr A H Buyukbayrak - Director


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 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 US Dollar ($).


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.

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 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
$   
COST
At 1 January 2024
and 31 December 2024 119,322
NET BOOK VALUE
At 31 December 2024 119,322
At 31 December 2023 119,322

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 150,000 273,403
Amounts owed by associates 11,500 11,500
VAT 13,058 10,450
174,558 295,353

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Trade creditors 225 12,229
Amounts owed to group undertakings 22,707 81,391
Tax 26,875 28,813
Directors' current accounts - 1,260
Accrued expenses 9,825 9,809
59,632 133,502

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: $    $   
1,000 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 542,103
Profit for the year 80,624
At 31 December 2024 622,727

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co

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.