| Red Cube Events Ltd |
| Registered number: |
11721772 |
| Statement of Financial Position |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
3,646 |
|
|
4,309 |
| Financial assets |
|
|
|
11,350 |
|
|
11,000 |
|
|
|
|
14,996 |
|
|
15,309 |
|
| Current assets |
| Stocks |
|
|
350 |
|
|
450 |
| Debtors |
5 |
|
8,521 |
|
|
31,238 |
| Cash at bank and in hand |
|
|
4,818 |
|
|
61,587 |
|
|
|
13,689 |
|
|
93,275 |
|
| Creditors: amounts falling due within one year |
6 |
|
(14,259) |
|
|
(37,320) |
|
| Net current (liabilities)/assets |
|
|
|
(570) |
|
|
55,955 |
|
| Total assets less current liabilities |
|
|
|
14,426 |
|
|
71,264 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(4,223) |
|
|
(14,215) |
|
| Provisions for liabilities |
|
|
|
- |
|
|
(819) |
|
| Net assets |
|
|
|
10,203 |
|
|
56,230 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
8 |
|
|
1,348 |
|
|
808 |
| Profit and loss account |
|
|
|
8,755 |
|
|
55,322 |
|
| Shareholders' funds |
|
|
|
10,203 |
|
|
56,230 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| D Nijjar |
| Director |
| Approved by the board on 29 September 2025 |
|
| Red Cube Events Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% reducing balance |
|
|
Investments |
|
Gold bullion is included at fair value. Gains and losses are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when this is sold. |
|
|
Inventories |
|
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
|
| 2 |
Exceptional items |
2024 |
|
2023 |
| £ |
£ |
|
|
Value adjustments on fixed assets and current asset investments |
(350) |
|
- |
|
|
|
|
|
|
(350) |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Employees and directors |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of directors and persons employed by the company |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2024 |
10,736 |
|
Additions |
553 |
|
At 31 December 2024 |
11,289 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
6,427 |
|
Charge for the year |
1,216 |
|
At 31 December 2024 |
7,643 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
3,646 |
|
At 31 December 2023 |
4,309 |
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
420 |
|
- |
|
Other debtors |
8,101 |
|
31,238 |
|
|
|
|
|
|
8,521 |
|
31,238 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
9,984 |
|
9,984 |
|
Trade creditors |
- |
|
1,102 |
|
Accruals |
1,275 |
|
17,749 |
|
Corporation tax |
- |
|
1,977 |
|
Other taxes and social security costs |
- |
|
6,508 |
|
Other creditors |
3,000 |
|
- |
|
|
|
|
|
|
14,259 |
|
37,320 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
4,223 |
|
14,215 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Fair value reserve |
2024 |
|
2023 |
| £ |
£ |
|
|
At 1 January 2024 |
808 |
|
808 |
|
Gain on revaluation of investments |
350 |
|
- |
|
Deferred taxation arising on the revaluation of investments |
190 |
|
- |
|
|
At 31 December 2024 |
1,348 |
|
808 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Prior year adjustment |
|
|
The comparative figures have been restated to incorporate the impact of an overstated dividend payment and understated expense. The change has no impact on profits available for distribution at 31 December 2023. |
|
|
| 10 |
Other information |
|
|
Red Cube Events Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
269 Farnborough Road |
|
Farnborough |
|
Hampshire |
|
GU14 7LY |