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Company Registration No. 14571145 (England and Wales)
House of Red Limited Unaudited accounts for the year ended 31 March 2026
House of Red Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
House of Red Limited Company Information for the year ended 31 March 2026
Director
R Elliott
Company Number
14571145 (England and Wales)
Registered Office
1 WYETHS ROAD EPSOM KT17 4EB ENGLAND
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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House of Red Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
3,916
401
Current assets
Debtors
5
59,053
34,656
Cash at bank and in hand
116,891
67,620
175,944
102,276
Creditors: amounts falling due within one year
6
(135,724)
(87,144)
Net current assets
40,220
15,132
Total assets less current liabilities
44,136
15,533
Provisions for liabilities
Deferred tax
7
(744)
-
Net assets
43,392
15,533
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
43,391
15,532
Shareholders' funds
43,392
15,533
For the year ending 31 March 2026 the company was entitled to exemption from audit 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 June 2026 and were signed on its behalf by
R Elliott Director Company Registration No. 14571145
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House of Red Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
House of Red Limited is a private company, limited by shares, registered in England and Wales, registration number 14571145. The registered office is 1 WYETHS ROAD, EPSOM, KT17 4EB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 year straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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House of Red Limited Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
-
1,208
1,208
Additions
4,894
-
4,894
At 31 March 2026
4,894
1,208
6,102
Depreciation
At 1 April 2025
-
807
807
Charge for the year
979
400
1,379
At 31 March 2026
979
1,207
2,186
Net book value
At 31 March 2026
3,915
1
3,916
At 31 March 2025
-
401
401
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
16,120
-
Accrued income and prepayments
2,027
1,596
Other debtors
40,906
33,060
59,053
34,656
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
10,879
1,154
Taxes and social security
7,415
5,732
Other creditors
-
2,024
Loans from directors
5,216
9,558
Accruals
19,603
13,190
Deferred income
92,611
55,486
135,724
87,144
7
Deferred taxation
2026
2025
£
£
Accelerated capital allowances
744
-
2026
2025
£
£
Charged to the profit and loss account
744
-
Provision at end of year
744
-
- 6 -
House of Red Limited Notes to the Accounts for the year ended 31 March 2026
8
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 1 (2025: 1).
- 7 -