REGISTERED NUMBER: 08794272 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 NOVEMBER 2025

FOR

RED VELVET MUSIC GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

F I Otedola

REGISTERED OFFICE:

Tall Trees 106 Tebworth Road

Wingfield

Leighton Buzzard

Bedfordshire

LU7 9QH

REGISTERED NUMBER:

08794272 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Tangible assets

5

4,510

4,395

CURRENT ASSETS

Stocks

21,000

21,000

Debtors

6

9,168

33,564

Cash at bank

21,710

59,102

51,878

113,666

CREDITORS

Amounts falling due within one year

7

(773,704

)

(803,765

)

NET CURRENT LIABILITIES

(721,826

)

(690,099

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(717,316

)

(685,704

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(717,317

)

(685,705

)

SHAREHOLDERS' FUNDS

(717,316

)

(685,704

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 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 1 September 2026 and were signed by:

F I Otedola - Director

1.	STATUTORY INFORMATION

Red Velvet Music Group 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern

The company has a deficit in reserves on the balance sheet at year end, relating to an outstanding loan due to the director and other related parties. The director has confirmed that the loan will not be called for in full until such time the company has sufficient reserves to repay this amount from ongoing cash reserves, and as such. the director continues to prepare the financial statements under the going concern basis.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 30 November 2024

3,890

655

5,716

10,261

Additions

896

-

293

1,189

At 29 November 2025

4,786

655

6,009

11,450

Depreciation

At 30 November 2024

3,280

654

1,932

5,866

Charge for year

233

-

841

1,074

At 29 November 2025

3,513

654

2,773

6,940

Net book value

At 29 November 2025

1,273

1

3,236

4,510

At 29 November 2024

610

1

3,784

4,395

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,168

500

Other debtors

-

31,000

VAT

-

2,064

9,168

33,564

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,719

5,439

VAT

342

-

Other creditors

760,878

795,696

Accruals and deferred income

2,765

2,630

773,704

803,765

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

1

1

1

9.	RELATED PARTY DISCLOSURES

Included within creditors is an amount of £703,853 (2024: £709,421) due to F I Otedola, director. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.

Included within creditors is an amount of £57,026 (2024: £86,276) due to The Cuppy Foundation, a charity in which the director is a trustee. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.

Included within debtors is an amount of £Nil (2024: £31,000) due from Cuppy Cares C.I.C a company under common control and ownership. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.