REGISTERED NUMBER: 02682561 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

REALLY SCARY BOOKS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

P J James

Mrs L F James

SECRETARY:

Mrs S J Middle

REGISTERED OFFICE:

Pavilion View

19 New Road

Brighton

East Sussex

BN1 1EY

REGISTERED NUMBER:

02682561 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

Pavilion View

19 New Road

Brighton

East Sussex

BN1 1EY

FIXED ASSETS

Intangible assets

4

700

1,404

Tangible assets

5

610,147

619,020

Investments

6

75,375

75,375

686,222

695,799

CURRENT ASSETS

Debtors

7

918,499

1,653,878

Investments

8

106,760

50,291

Cash at bank

25,040

23,879

1,050,299

1,728,048

CREDITORS

Amounts falling due within one year

9

892,408

1,315,101

NET CURRENT ASSETS

157,891

412,947

TOTAL ASSETS LESS CURRENT LIABILITIES

844,113

1,108,746

CREDITORS

Amounts falling due after more than one year

10

802,175

1,011,754

NET ASSETS

41,938

96,992

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

41,838

96,892

SHAREHOLDERS' FUNDS

41,938

96,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by:

P J James - Director

1.	STATUTORY INFORMATION

Really Scary Books 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue is measured at fair value of the consideration received or receivable net of value added tax.

Revenue from royalties received on previously published works are recognised in the period to which the royalties relate.

Revenue from advances received in respect of literary works is recognised at the full contract value when the literary work has been delivered to the publishers. Revenue from undelivered literary works is accrued as a percentage of the contract value based on the estimated stage of completion of the literary works are at the year end.

Revenue from other fees are recognised when the work has been carried out.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark

Amounts paid in respect of the trademark applications are being amortised evenly over there estimated useful life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

1% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

12,815

AMORTISATION

At 1 April 2024

11,411

Charge for year

704

At 31 March 2025

12,115

NET BOOK VALUE

At 31 March 2025

700

At 31 March 2024

1,404

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

641,624

680

15,271

20,903

678,478

DEPRECIATION

At 1 April 2024

34,160

71

11,791

13,436

59,458

Charge for year

3,416

7

521

4,929

8,873

At 31 March 2025

37,576

78

12,312

18,365

68,331

NET BOOK VALUE

At 31 March 2025

604,048

602

2,959

2,538

610,147

At 31 March 2024

607,464

609

3,480

7,467

619,020

Included in cost of land and buildings is freehold land of £ 300,000 (2024 - £ 300,000 ) which is not depreciated.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

115,325

PROVISIONS

At 1 April 2024

and 31 March 2025

39,950

NET BOOK VALUE

At 31 March 2025

75,375

At 31 March 2024

75,375

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

918,499

1,653,878

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

106,760

50,291

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

312,669

168,522

Taxation and social security

10,035

45,073

Other creditors

569,704

1,101,506

892,408

1,315,101

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

402,175

411,754

Other creditors

400,000

600,000

802,175

1,011,754

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

399,521

401,831

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

P J James

Balance outstanding at start of year

753,367

195,369

Amounts advanced

905,598

1,916,154

Amounts repaid

(1,570,901

)

(1,358,156

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

88,064

753,367