Red Fish Systems Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07430585 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2024 TO 30 JUNE 2025

FOR

RED FISH SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Bastian Jeronimo

Mr K Bastian

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

LE1 7RU

REGISTERED NUMBER:

07430585 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

37,286

-

Investments

6

-

1

37,286

1

CURRENT ASSETS

Debtors

7

3,350,648

501,487

Cash at bank

264,291

479,751

3,614,939

981,238

CREDITORS

Amounts falling due within one year

8

1,143,549

138,977

NET CURRENT ASSETS

2,471,390

842,261

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,508,676

842,262

PROVISIONS FOR LIABILITIES

9

8,717

-

NET ASSETS

2,499,959

842,262

CAPITAL AND RESERVES

Called up share capital

50

Capital redemption reserve

50

Retained earnings

2,499,859

842,162

2,499,959

842,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Mr A Bastian Jeronimo - Director

1.	STATUTORY INFORMATION

Red Fish Systems Limited 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 Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from contracts for the provision of professional services is recognised as the service is provided.

Revenue from subscription income is recognised evenly over the period the subscription relates to.

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.

Computer software is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Comparative figures

The comparative figures are for the 12 month period of trading to 31 March 2024. The current figures represent an extended 15 month period of trading to 30 June 2025.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 25 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 30 June 2025

20,652

AMORTISATION

At 1 April 2024

and 30 June 2025

20,652

NET BOOK VALUE

At 30 June 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 April 2024

104,620

-

104,620

Additions

-

43,054

At 30 June 2025

104,620

43,054

147,674

DEPRECIATION

At 1 April 2024

104,620

-

104,620

Charge for period

-

5,768

At 30 June 2025

104,620

5,768

110,388

NET BOOK VALUE

At 30 June 2025

-

37,286

At 31 March 2024

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

1

Disposals

(1

)

At 30 June 2025

-

NET BOOK VALUE

At 30 June 2025

-

At 31 March 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

101,566

3,432

Other debtors

3,249,082

498,055

3,350,648

501,487

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

30,172

3,993

Amounts owed to group undertakings

103,180

-

Taxation and social security

922,066

117,375

Other creditors

88,131

17,609

1,143,549

138,977

9.	PROVISIONS FOR LIABILITIES

2025

£

Deferred tax

Accelerated capital allowances

8,717

Deferred

tax

£

Balance at 1 April 2024

(1,888

)

Provided during period

10,605

Balance at 30 June 2025

8,717

10.	RELATED PARTY DISCLOSURES

Within other debtors, an amount of £3,121,442 (2024 - £360,467) was due from related parties.

Within other creditors, an amount of £5,307 (2024 - £Nil) was due to related parties.

No interest was charged on the above balances.

11.	ULTIMATE PARENT UNDERTAKING

The company's ultimate parent undertaking is Net Zero Planet Group Limited. The registered office address of Net Zero Planet Group Limited is Granville Hall, Granville Road, Leicester, LE1 7RU.

The company is the subsidiary undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts.