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REGISTERED NUMBER: 06761365 (England and Wales)















RED CHILLI PROJECTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






RED CHILLI PROJECTS LTD (REGISTERED NUMBER: 06761365)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RED CHILLI PROJECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: P Bailes





REGISTERED OFFICE: Red Chilli House
40 Greendale Drive
Middlewich
CW10 0PH





REGISTERED NUMBER: 06761365 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

RED CHILLI PROJECTS LTD (REGISTERED NUMBER: 06761365)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,000
Tangible assets 5 40,796 35,788
43,796 39,788

CURRENT ASSETS
Stocks 29,070 28,500
Debtors 6 120,884 97,255
Cash at bank and in hand 47,830 77,112
197,784 202,867
CREDITORS
Amounts falling due within one year 7 82,237 61,529
NET CURRENT ASSETS 115,547 141,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,343

181,126

CREDITORS
Amounts falling due after more than one
year

8

(19,024

)

(23,824

)

PROVISIONS FOR LIABILITIES (4,994 ) (5,701 )
NET ASSETS 135,325 151,601

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 135,323 151,599
SHAREHOLDERS' FUNDS 135,325 151,601

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RED CHILLI PROJECTS LTD (REGISTERED NUMBER: 06761365)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 August 2025 and were signed by:





P Bailes - Director


RED CHILLI PROJECTS LTD (REGISTERED NUMBER: 06761365)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Red Chilli Projects 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.

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.

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

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


RED CHILLI PROJECTS LTD (REGISTERED NUMBER: 06761365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023
and 30 November 2024 5,000
AMORTISATION
At 1 December 2023 1,000
Charge for year 1,000
At 30 November 2024 2,000
NET BOOK VALUE
At 30 November 2024 3,000
At 30 November 2023 4,000

RED CHILLI PROJECTS LTD (REGISTERED NUMBER: 06761365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2023 14,305 12,755 36,689 63,749
Additions 17,034 1,574 - 18,608
At 30 November 2024 31,339 14,329 36,689 82,357
DEPRECIATION
At 1 December 2023 3,576 8,334 16,051 27,961
Charge for year 6,941 1,499 5,160 13,600
At 30 November 2024 10,517 9,833 21,211 41,561
NET BOOK VALUE
At 30 November 2024 20,822 4,496 15,478 40,796
At 30 November 2023 10,729 4,421 20,638 35,788

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 120,596 97,008
Other debtors 288 247
120,884 97,255

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 3,368 2,222
Trade creditors 57,851 33,507
Taxation and social security 18,523 23,792
Other creditors 2,495 2,008
82,237 61,529

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Finance leases 19,024 23,824

RED CHILLI PROJECTS LTD (REGISTERED NUMBER: 06761365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 ordinary shares £1 2 2

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Bailes.