Company Registration No. SC437508 (Scotland)
Redhot Glasgow Ltd
Unaudited accounts
for the year ended 30 November 2024
Redhot Glasgow Ltd
Unaudited accounts
Contents
Redhot Glasgow Ltd
Company Information
for the year ended 30 November 2024
Directors
Alyshah Ali
Ashraf John Edward Ali
Ayesha Ali
Isaac Ali
Nadeem Ali
Shameela Ali
Company Number
SC437508 (Scotland)
Registered Office
Suite 2.11
94 HOPE STREET
GLASGOW
G2 6PH
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
Redhot Glasgow Ltd
Statement of financial position
as at 30 November 2024
Tangible assets
700,000
700,000
Cash at bank and in hand
1,339
2,828
Creditors: amounts falling due within one year
(172,117)
(158,123)
Net current liabilities
(170,778)
(155,295)
Total assets less current liabilities
529,222
544,705
Creditors: amounts falling due after more than one year
(470,608)
(496,973)
Called up share capital
100
100
Profit and loss account
58,514
47,632
Shareholders' funds
58,614
47,732
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by
Ashraf John Edward Ali
Director
Company Registration No. SC437508
Redhot Glasgow Ltd
Notes to the Accounts
for the year ended 30 November 2024
Redhot Glasgow Ltd is a private company, limited by shares, registered in Scotland, registration number SC437508. The registered office is Suite 2.11, 94 HOPE STREET, GLASGOW, G2 6PH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation provided
4
Tangible fixed assets
Land & buildings
At 1 December 2023
700,000
At 30 November 2024
700,000
At 30 November 2024
700,000
At 30 November 2023
700,000
Redhot Glasgow Ltd
Notes to the Accounts
for the year ended 30 November 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
56,916
56,916
Taxes and social security
18,025
15,083
Other creditors
9,214
10,475
Loans from directors
87,962
75,649
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
470,608
496,973
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).