RED GROUP PERSONNEL LIMITED


Director	Ben James NEALE


Registered Address	3rd Floor - The News Building
	3 London Bridge Street
	London
	SE1 9SG


Registered Number	11235320 (England and Wales)

Balance Sheet as at
30 September 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Debtors	3	238,629		564,094
Cash at bank and on hand		442,834		275,897
		681,463		839,991
Creditors amounts falling due within one year	4	(560,970)		(304,634)
Net current assets (liabilities)			120,493		535,357
Total assets less current liabilities			120,493		535,357
Net assets			120,493		535,357
Capital and reserves
Called up share capital			180		180
Other reserves			19		19
Profit and loss account			120,294		535,158
Shareholders' funds			120,493		535,357

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 Directors acknowledge 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 Board of Directors on 14 August 2026, and are signed on its behalf by:

Ben James NEALE
Director
Registered Company No. 11235320

RED GROUP PERSONNEL LIMITED

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	These financial statements are the individual financial statements of Red Group Personnel Limited and have been prepared in accordance with the Companies Act 2006 and FRS 102, including Section 1A Small Entities. The company is a wholly owned subsidiary of SIM-ONE Medical Limited. These financial statements do not include consolidated financial information for the group headed by SIM-ONE Medical Limited. The responsibility for determining whether consolidated financial statements are required, or whether an exemption from their preparation is available, rests with SIM-ONE Medical Limited as the immediate parent undertaking.

Basis of preparation

These financial statements are the individual financial statements of Red Group Personnel Limited and have been prepared in accordance with the Companies Act 2006 and FRS 102, including Section 1A Small Entities.

The company is a wholly owned subsidiary of SIM-ONE Medical Limited. These financial statements do not include consolidated financial information for the group headed by SIM-ONE Medical Limited. The responsibility for determining whether consolidated financial statements are required, or whether an exemption from their preparation is available, rests with SIM-ONE Medical Limited as the immediate parent undertaking.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned 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.

	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.

	Current taxation
	Current tax is recognised in profit or loss. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Related parties
	During the year, the company’s immediate parent undertaking, SIM-ONE Medical Limited, provided interest-free working-capital funding to the company. At 30 September 2025, an amount of £328,687 was owed to SIM-ONE Medical Limited. The balance was interest-free and repayable on demand.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	15		23

3.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	199,350	316,910
Other debtors	24,294	224,099
Prepayments and accrued income	14,985	23,085
Total	238,629	564,094

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	145,196	10,874
Amounts owed to related parties	328,687	-
Taxation and social security	68,260	35,120
Other creditors	18,827	252,140
Accrued liabilities and deferred income	-	6,500
Total	560,970	304,634

5.	Controlling party
	SIM-ONE Medical Limited, registered in England, is the immediate parent undertaking of the company. S.C.H Sim-One Corp Holdings Limited, incorporated in Cyprus, is the ultimate corporate parent undertaking of the company. Mr Constantinos Georgiades owns 100% of the share capital of S.C.H Sim-One Corp Holdings Limited and is therefore the ultimate controlling party.