RED ENTERPRISES LIMITED


Director	ANDERSON, Craig


Company Secretary	ANDERSON, Craig


Registered Address	Office 1, Technology House
	9 Newton Place
	Glasgow
	G3 7PR


Registered Number	SC284450 (Scotland)

Statement of Financial Position
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		1,227		616,829
Tangible assets	4		5,990		2,345
			7,217		619,174
Current assets
Debtors	5,6	1,815,665		56,249
Cash at bank and on hand		293,801		63,379
		2,109,466		119,628
Creditors amounts falling due within one year	7	(292,108)		(26,904)
Net current assets (liabilities)			1,817,358		92,724
Total assets less current liabilities			1,824,575		711,898
Net assets			1,824,575		711,898
Capital and reserves
Called up share capital			1		1
Profit and loss account			1,824,574		711,897
Shareholders' funds			1,824,575		711,898

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 16 December 2025, and are signed on its behalf by:

ANDERSON, Craig
Director
Registered Company No. SC284450

RED ENTERPRISES LIMITED

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	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 policy
	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 sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 June 24	870,280	870,280
Disposals	(867,420)	(867,420)
At 31 May 25	2,860	2,860
Amortisation and impairment
At 01 June 24	253,451	253,451
Charge for year	143	143
On disposals	(251,961)	(251,961)
At 31 May 25	1,633	1,633
Net book value
At 31 May 25	1,227	1,227
At 31 May 24	616,829	616,829

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 June 24	13,447	13,447
Additions	5,028	5,028
At 31 May 25	18,475	18,475
Depreciation and impairment
At 01 June 24	11,102	11,102
Charge for year	1,383	1,383
At 31 May 25	12,485	12,485
Net book value
At 31 May 25	5,990	5,990
At 31 May 24	2,345	2,345

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by associates and joint ventures / participating interests	-	35,105
Other debtors	17,495	14,601
Prepayments and accrued income	-	6,543
Total	17,495	56,249

6.	Debtors: amounts due after one year

	2025	2024
	£	£
Amounts owed by group undertakings	925,289	-
Amounts owed by associates and joint ventures / participating interests	872,881	-
Total	1,798,170	-

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	254	127
Bank borrowings and overdrafts	2,903	3,390
Taxation and social security	288,701	23,137
Accrued liabilities and deferred income	250	250
Total	292,108	26,904

8.	Related party transactions
	There were no material transactions with related parties, including the parent company, that were not conducted under normal market conditions during the current or preceding financial year.

9.	Controlling party
	The company is a subsidiary of Anderson Pomeroy Limited, which is also considered the ultimate controlling party. Anderson Pomeroy Limited is a company incorporated in Scotland, with its registered office located at Office 1, Technology House, 9 Newton Place, Glasgow, G3 7PR. No consolidated financial statements are prepared by the group headed by Anderson Pomeroy Limited, as the group is exempt from this requirement under the small groups provisions of the Companies Act 2006.

Controlling party

The company is a subsidiary of Anderson Pomeroy Limited, which is also considered the ultimate controlling party.

Anderson Pomeroy Limited is a company incorporated in Scotland, with its registered office located at Office 1, Technology House, 9 Newton Place, Glasgow, G3 7PR.

No consolidated financial statements are prepared by the group headed by Anderson Pomeroy Limited, as the group is exempt from this requirement under the small groups provisions of the Companies Act 2006.