ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 11151907

RED PILL ADVISORY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024


RED PILL ADVISORY LIMITED REGISTERED NUMBER:11151907

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		4,846		2,487
			4,846		2,487
Current assets
Cash at bank and in hand	5	847		3,770
		847		3,770
Creditors: amounts falling due within one year	6	(60,760)		(35,665)
Net current liabilities			(59,913)		(31,895)
Total assets less current liabilities			(55,067)		(29,408)
Creditors: amounts falling due after more than one year			(3,483)		(7,283)

Net liabilities			(58,550)		(36,691)

Capital and reserves
Called up share capital	8	100	100
Profit and loss account	9	(58,650)	(36,791)
		(58,550)	(36,691)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 December 2025.

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RED PILL ADVISORY LIMITED REGISTERED NUMBER:11151907

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 OCTOBER 2024

Timothy John Marchant

Director

The notes on pages 3 to 8 form part of these financial statements.

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RED PILL ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 2).

The following principal accounting policies have been applied:

1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

1.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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RED PILL ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

1.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

1.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

1.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

25%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

1.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.10

Creditors

Short-term 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.

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RED PILL ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

2.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements,
estimates and assumptions about the carrying value of assets and liabilities that are not readily
ascertainable from other sources. The estimates and underlying assumptions are based on historical
experience and other factors that are considered to be relevant. Actual outcomes may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an continuing basis. Revisions to accounting
estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the
financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in
advance to suppliers. These provisions are estimated based upon the expected values of the invoices
which are issued and services received following the period end.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

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RED PILL ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 November 2023	6,950
	Additions	3,387
	At 31 October 2024	10,337
	Depreciation
	At 1 November 2023	4,463
	Charge for the year on owned assets	1,028
	At 31 October 2024	5,491
	Net book value
	At 31 October 2024	4,846
	At 31 October 2023	2,487

5.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	847	3,770
	847	3,770

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RED PILL ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bounce Back Loan	3,800	3,800
Director's loan account - LM	8,286	8,286
Director's loan account - TM	41,206	16,111
Accruals and deferred income	7,468	7,468
	60,760	35,665

Amounts falling due within one year
Bounce Back Loan	3,800	3,800
	3,800	3,800

Amounts falling due 2-5 years
Bounce Back Loan	3,483	7,283
	3,483	7,283

	7,283	11,083

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RED PILL ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

8.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) Ordinary shares of £1.00 each	100	100

Reserves

Profit and loss account

The profit and loss reserves are fully distributable.

10.	Related party transactions
	At the balance sheet date, the company owed Mr T Marchant, a director and shareholder £41,206 (2023 - £16,111). At the balance sheet date, the company owed Mrs L Marchant, a director and shareholder £8,286 (2023 - £8,286).

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