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Registered Number: 13250677
England and Wales

 

 

 

RED YACHT DESIGN UK LTD


Abridged Accounts
 


Period of accounts

Start date: 01 February 2025

End date: 31 January 2026

RED YACHT DESIGN UK LTD
Contents Page
For the year ended 31 January 2026
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of RED YACHT DESIGN UK LTD for the year ended 31 January 2026.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RED YACHT DESIGN UK LTD for the year ended 31 January 2026 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of RED YACHT DESIGN UK LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of RED YACHT DESIGN UK LTD and state those matters that we have agreed to state to the Board of Directors of RED YACHT DESIGN UK LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RED YACHT DESIGN UK LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RED YACHT DESIGN UK LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of RED YACHT DESIGN UK LTD. You consider that RED YACHT DESIGN UK LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of RED YACHT DESIGN UK LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 January 2026.



....................................................

FDCA Limited
Office 2 Bennet's House
21 Leyton Road
Harpenden
AL5 2HU
30 October 2026
1
 

 		 Notes

 		 31/01/2026
£

   31/01/2025
£
(as restated)
Fixed assets      
Tangible fixed assets 3 2,438    1,245 
2,438    1,245 
Current assets      
Debtors 0    742 
Cash at bank and in hand 30,721    57,065 
30,721    57,807 
Creditors: amount falling due within one year (28,740)   (58,565)
Net current assets 1,981    (758)
 
Total assets less current liabilities 4,419    487 
Provisions for liabilities (463)   0 
Net assets 3,956    487 
 

Capital and reserves 		     
Called up share capital 4 100    100 
Profit and loss account 3,856    387 
Shareholders' funds 3,956    487 
 


For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 October 2026 and were signed by:


-------------------------------
Cana Gokhan
Director
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General Information
RED YACHT DESIGN UK LTD is a private company, limited by shares, registered in England and Wales, registration number 13250677, registration address 167-169 Great Portland Street, Fifth Floor, London, W1W 5PF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime. The financial statements are presented in pounds sterling, which is the company's functional currency.
Turnover
Turnover represents amounts receivable, net of VAT and trade discounts, for engineering design and specialised design services. Revenue is recognised as the related services are provided and the company becomes entitled to consideration. Amounts received in advance of the provision of services are recognised as deferred income until the relevant services are provided.
Foreign currencies
Transactions denominated in foreign currencies are translated into sterling at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate ruling at the reporting date. Exchange differences are recognised in profit or loss.
Taxation
Current tax is recognised based on taxable profit for the year using tax rates and laws enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of timing differences between accounting profits and taxable profits, including timing differences arising from capital allowances, to the extent required by FRS 102. Deferred tax balances are not discounted.
Deferred taxation
The deferred tax provision relates to accelerated capital allowances on computer equipment. At 31 January 2026 the provision was £463 (2025 restated: £237).
Dividends
Dividends are recognised as distributions in equity when they become legally payable. Interim dividends are recognised when paid or otherwise made unconditional, and final dividends are recognised when approved by the members. Dividends credited to a director's loan account are recognised when legally declared and credited.
Tangible fixed assets
Computer equipment is stated at cost less accumulated depreciation and impairment. Depreciation is charged at 18% per annum on a reducing-balance basis from the date the asset is available for use, with depreciation apportioned in the year of acquisition or disposal where appropriate.
Computer Equipment 18% Reducing Balance
2.

Average number of employees

Average number of employees during the period was 2 (2025 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 February 2025 1,579    1,579 
Additions 1,442    1,442 
Disposals -    - 
At 31 January 2026 3,021    3,021 
Depreciation
At 01 February 2025 334    334 
Charge for year 249    249 
On disposals -    - 
At 31 January 2026 583    583 
Net book values
Closing balance as at 31 January 2026 2,438    2,438 
Opening balance as at 01 February 2025 1,245    1,245 


4.

Share Capital

Authorised
100 Ordinary shares of £1.00 each
Allotted, called up and fully paid
31/01/2026
£		   31/01/2025
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

5.

Advances and credits to directors

During the year, the director's current account became overdrawn. Based on the accounting records, the maximum amount due from the director, Cana Gokhan, to the company during the year was approximately £19,046.

The advance was unsecured, interest-free and repayable on demand.

On 31 January 2026, a dividend of £37,000 was credited to the director's current account. This fully cleared the amount then due from the director.

At 31 January 2026, no amount was due from the director to the company and the company owed the director £19,314.

No amounts were written off or waived during the year.
6.

Prior period adjustments

During the year, the company identified adjustments relating to previous accounting periods, which were recorded against opening retained earnings on 1 February 2025.

JNL-773: Recognition of a prior-period deferred tax provision of £236.67, resulting in a reduction in opening retained earnings.

JNL-781: Correction of duplicate historical WeWork transactions amounting to £353.10, resulting in an increase in opening retained earnings.

JNL-790: Correction of Wise EUR and USD Interest account balances at 31 January 2025. Earnings/value attributable to the Wise Interest accounts of £3,035.70 had not been included in the previous year-end closing balances. This amount has therefore been recognised as a prior-period adjustment to the opening balances at 1 February 2025 rather than as income of the current financial year.

Following these adjustments, opening retained earnings at 1 February 2025 were approximately £3,540.
3