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Registered Number: 09923929
England and Wales

 

 

 

RED TEAM PARTNERS LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Red Team Partners Limited
Contents Page
For the year ended 31 December 2024
Director Zia Bharwani
Registered Number 09923929
Registered Office 124 CITY ROAD
LONDON ENGLAND
EC1V 2NX
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 December 2024
Principal activities
The companys principal activity during the year was the information technology consultancy activities.
Director
The director who served the company throughout the year was as follows:
Zia Bharwani
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Zia Bharwani
Director

Date approved: 08 September 2025
2
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 148    296 
148    296 
Current assets      
Debtors 4 19,393    165,790 
Cash at bank and in hand 147,290    38,759 
166,683    204,549 
Creditors: amount falling due within one year 5 (203,978)   (130,975)
Net current assets (37,295)   73,574 
 
Total assets less current liabilities (37,147)   73,870 
Creditors: amount falling due after more than one year 6 (7,500)   (17,500)
Net assets (44,647)   56,370 
 

Capital and reserves 		     
Called up share capital 1,000    1,000 
Profit and loss account (45,647)   55,370 
Shareholders' funds (44,647)   56,370 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 08 September 2025 and were signed by:


-------------------------------
Zia Bharwani
Director
3
General Information
Red Team Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 09923929, registration address 124 CITY ROAD, LONDON ENGLAND, EC1V 2NX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20 Straight Line
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 January 2024 8,871    8,871 
Additions -    - 
Disposals -    - 
At 31 December 2024 8,871    8,871 
Depreciation
At 01 January 2024 8,575    8,575 
Charge for year 148    148 
On disposals -    - 
At 31 December 2024 8,723    8,723 
Net book values
Closing balance as at 31 December 2024 148    148 
Opening balance as at 01 January 2024 296    296 


4.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 14,639    31,320 
Prepayments & Accrued Income 4,754    4,670 
Other Debtors 0    127,008 
Staff Loan 0    1,357 
Corporation Tax 0    100 
PAYE & Social Security 0    1,335 
19,393    165,790 

5.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 33,503    32,743 
Bank Loans & Overdrafts 10,000    10,000 
AMEX 8,413    5,352 
Barclays Card (152)   (314)
Amounts Owed to Participating Interests 70,000    70,000 
PAYE & Social Security 1,135    0 
Pensions Payable 556    830 
Other Creditors 6,600    0 
Wages & Salaries Control Account 326    325 
Advances 847    847 
Directors' Current Accounts 10,382    350 
VAT 62,368    10,842 
203,978    130,975 

6.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts 7,500    17,500 
7,500    17,500 

7.

Participating Interests

Red Team Partners Singapore PTE. LTD. registered in Singapore is the shareholding company of Red Team Partners Limited. Red Team Partners Limited owes £70,000 (2023 : £70,000) to Red Team Partners Singapore PTE. LTD. at year end.
4