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Registered number: 11847702
Red Events London Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House, 303 Ballards Lane
London
N12 8NP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11847702
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,000 15,000
Tangible Assets 5 289,466 309,347
301,466 324,347
CURRENT ASSETS
Stocks 6 49,288 26,332
Debtors 7 18,404 24,165
Cash at bank and in hand 12,044 9,205
79,736 59,702
Creditors: Amounts Falling Due Within One Year 8 (893,564 ) (775,014 )
NET CURRENT ASSETS (LIABILITIES) (813,828 ) (715,312 )
TOTAL ASSETS LESS CURRENT LIABILITIES (512,362 ) (390,965 )
Creditors: Amounts Falling Due After More Than One Year 9 - (11,026 )
NET LIABILITIES (512,362 ) (401,991 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (512,363 ) (401,992 )
SHAREHOLDERS' FUNDS (512,362) (401,991)
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Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
K Pattichi
Director
19 October 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Red Events London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11847702 . The registered office is Global House, 303 Ballards Lane, London, N12 8NP.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that related entities will continue to give financial support to the company for twelve months from the date of signing these financial statements. On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of
assets to the their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
2.3. Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the
are goods provided to the customer.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of ten years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Improvements to property Over the term of the lease
Leasehold Over the term of the lease
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2025: 17)
16 17
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 30,000
As at 31 March 2026 30,000
Amortisation
As at 1 April 2025 15,000
Provided during the period 3,000
As at 31 March 2026 18,000
...CONTINUED
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Net Book Value
As at 31 March 2026 12,000
As at 1 April 2025 15,000
5. Tangible Assets
Land & Property
Improvements to property Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2025 178,613 125,688 34,093 220,374 558,768
Additions 14,116 - - 10,030 24,146
As at 31 March 2026 192,729 125,688 34,093 230,404 582,914
Depreciation
As at 1 April 2025 44,260 34,279 20,247 150,635 249,421
Provided during the period 18,559 11,426 2,077 11,965 44,027
As at 31 March 2026 62,819 45,705 22,324 162,600 293,448
Net Book Value
As at 31 March 2026 129,910 79,983 11,769 67,804 289,466
As at 1 April 2025 134,353 91,409 13,846 69,739 309,347
6. Stocks
2026 2025
£ £
Stock 49,288 26,332
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 1,088 12,949
Amounts owed by participating interests 924 924
Other debtors 16,392 10,292
18,404 24,165
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8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 19,136 34,508
Bank loans and overdrafts 10,648 10,271
Amounts owed to participating interests 734,000 699,000
Other creditors 101,235 6,747
Taxation and social security 28,545 24,488
893,564 775,014
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 11,026
The above loan is guaranteed by the UK Government under BBLS (the BBLS Guarantee) . There are no capital or interest repayments for the first 12 months after the date of draw down after which the total amount payable must be repaid by way of 60 consecutive monthly repayments (consisting of capital and interest). Interest is charged at a rate of 2.5% on the outstanding principle amount.
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
11. Related Party Transactions
As at the balance sheet date the company owed Pattichi Properties Ltd £734,000 (2025: £699,500), a company under control of the director. This loan is interest free and repayable on demand.
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