ACCOUNTS - Final Accounts

Registered number: 09876406

NEW ADVENTURES RED SHOES LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

NEW ADVENTURES RED SHOES LIMITED

REGISTERED NUMBER: 09876406

BALANCE SHEET

AS AT 31 MARCH 2026

	2026	2025
	£	£


Current assets
Production costs	-	14,584
Debtors: amounts falling due within one year	1,108,100	3,939
Cash at bank and in hand	1,960,795	10,534
	3,068,895	29,057
Creditors: amounts falling due within one year	(3,068,894)	(29,056)
Net assets	1	1

Capital and reserves
Called up share capital	1	1
	1	1

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 September 2026.

R Noble

Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

NEW ADVENTURES RED SHOES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

New Adventures Red Shoes Limited is a private company limited by shares and incorporated in England. The address of the registered office is 124 Finchley Road, London, NW3 5JS.
The company produces the touring dance-theatre production of The Red Shoes.
The financial statements are prepared on a 52 week (and where appropriate 53 weeks) basis to the Sunday closest to 31 March each year.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The company meets its day to day working capital requirement through the utilisation of its own funds and support from its parent company. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company expects to exist in dormancy for any future shows and trading opportunities. The company therefore continues to adopt the going concern basis in preparing its financial statements.

2.3

Production costs

Production costs comprise all costs incurred in the staging of the ballet performances of The Red
Shoes. These costs are recognised in the Statement of Profit and Loss in the period the production commences. If the production is yet to commence at the reporting date, all costs are carried forward in the balance sheet as Work in Progress.

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NEW ADVENTURES RED SHOES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 3

NEW ADVENTURES RED SHOES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short-term creditors are measured at the transaction price.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

Page 4

NEW ADVENTURES RED SHOES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Trade debtors	285,986	-
Other debtors	612,897	3,939
Prepayments and accrued income	209,217	-

5.	Cash and cash equivalents
		2026	2025
		£	£

	Cash at bank and in hand	1,960,795	10,534

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	1,134,262	4,056
Other taxation and social security	433,030	-
Other creditors	6,252	-
Accruals and deferred income	1,495,350	25,000

Related party transactions

During the period the company received a production grant of £570,000 (2025: £Nil) from its parent New Adventures Charity and paid various fees totalling £21,656 (2025: £Nil) and donations under the deed of covenants totalling £342,378 (2025: £Nil) to New Adventures Charity.
At the reporting date the company was owed £1,574 (2025: owed £1,731) from New Adventures Charity.
During the period the company paid production fees, included in other debtors of £32,639 (2025: £Nil) on behalf of its fellow subsidiary, N A Cinderella Limited.
There were no further related party transactions requiring disclosure at the reporting date.

8.	Controlling party

The company's immediate and ultimate controlling party is New Adventures Charity, a charitable company incorporated in the United Kingdom.

Page 5

NEW ADVENTURES RED SHOES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2026 was unqualified.

The audit report was signed on 23 September 2026 by Andrew Thomas (Senior Statutory Auditor) on behalf of Nyman Libson Paul LLP.

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