REGISTERED NUMBER: SC483931 (Scotland)

Cheval Rouge Limited

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Hamilton

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

EH3 6AT

REGISTERED NUMBER:

SC483931 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Starling Bank

7Th Floor

Norfolk House

31 St James's Square

London

SW1Y 4JR

FIXED ASSETS

Tangible assets

4

27,662

40,441

Investments

5

190,166

135,159

217,828

175,600

CURRENT ASSETS

Debtors

6

22,779

11,520

Cash at bank

35,444

71,873

58,223

83,393

CREDITORS

Amounts falling due within one year

7

18,564

23,691

NET CURRENT ASSETS

39,659

59,702

TOTAL ASSETS LESS CURRENT LIABILITIES

257,487

235,302

PROVISIONS FOR LIABILITIES

6,221

8,408

NET ASSETS

251,266

226,894

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

251,166

226,794

251,266

226,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 21 April 2026 and were signed by:

D Hamilton - Director

1.	STATUTORY INFORMATION

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

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 as modified by the revaluation of certain assets.

Turnover and revenue recognition

Turnover represents net invoiced provision of human resources consulting services, excluding value added tax.

Revenue is recognised in accordance with Financial Reporting Standard 5 "Reporting the Substance of Transactions", Application Note G "Revenue Recognition", and UITF 40 "Revenue Recognition and Service Contracts". In this respect, revenue is recognised in line with performance, to the extent that a right to consideration arises. Included in current assets, as "accrued sales", are amounts in respect of income that has been recognised but not billed by the end of the period. Provision is made against unbilled amounts where the right to receive payment is contingent and dependent on factors outside the control of the company.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost and 15% on cost

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation

Taxation for the year 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 year 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.

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.

Investments

Investments in unlisted funds are shown at fair value, with any gains or losses released to the Profit and Loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

56,974

Additions

939

At 31 August 2025

57,913

DEPRECIATION

At 1 September 2024

16,533

Charge for year

13,718

At 31 August 2025

30,251

NET BOOK VALUE

At 31 August 2025

27,662

At 31 August 2024

40,441

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 September 2024

135,159

Additions

39,612

Disposals

(1,539

)

Revaluations

16,934

At 31 August 2025

190,166

NET BOOK VALUE

At 31 August 2025

190,166

At 31 August 2024

135,159

Cost or valuation at 31 August 2025 is represented by:

Other

investments

£

Valuation in 2023

1,419

Valuation in 2024

13,740

Valuation in 2025

18,493

Cost

156,514

190,166

If unlisted investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

160,000

120,000

Unlisted investments were valued on an open market basis basis on 31 August 2025 by Quilter .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

11,520

Other debtors

22,779

-

22,779

11,520

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

15,439

21,746

Other creditors

3,125

1,945

18,564

23,691