Ryger Management Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08349886 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

RYGER MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms A M Smedvig

Mr J Kalsheim

Mr N P Taylor

SECRETARY:

CMS Cameron McKenna Nabarro Olswang LLP

REGISTERED OFFICE:

Ryger House

11 Arlington Street

London

SW1A 1RD

REGISTERED NUMBER:

08349886 (England and Wales)

AUDITORS:

Wilkins Kennedy Audit Services

7/8 Eghams Court

Boston Drive

Bourne End

Buckinghamshire

SL8 5YS

CURRENT ASSETS

Debtors

28,104

5,706

Cash at bank

-

3,023

28,104

8,729

CREDITORS

Amounts falling due within one year

121,185

74,452

NET CURRENT LIABILITIES

(93,081

)

(65,723

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(93,081

)

(65,723

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Retained earnings

(93,082

)

(65,724

)

SHAREHOLDERS' FUNDS

(93,081

)

(65,723

)

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 June 2019 and were signed on its behalf by:

Mr J Kalsheim - Director

Ms A M Smedvig - Director

1.	STATUTORY INFORMATION

Ryger Management Company 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.

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.

Taxation

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

Financial instruments

The company uses certain financial instruments in its normal operating and investing activities, which are deemed

appropriate to its circumstances, such as loans to and from fellow group companies and trade payables. Financial assets and

liabilities are recognised on the company's balance sheet when the company has become a party to the contractual provisions

of the instrument.

Going concern

The Company is dependent upon the financial support of its parent company, Smedvig St James' Limited, to meet its

ongoing operational costs. The directors have received confirmation from the shareholder that such support will continue to

be provided.

In the light of the above the directors have formed a judgement that it is appropriate to adopt the going concern basis in

preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary

£1

1

1

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Timothy Collerton ACA FCCA CTA (Senior Statutory Auditor)

for and on behalf of Wilkins Kennedy Audit Services

6.	RELATED PARTY DISCLOSURES

Smedvig St James' Limited

Immediate parent company

At the balance sheet date, Ryger Management Company Limited owed £116,585 (2017: £66,345) to its immediate parent

company, Smedvig St James' Limited. This amount was repayable on demand and was loaned free of interest.

Ryger Investment Limited

Fellow subsidiary company

At the balance sheet date, Ryger Management Company Limited was owed £5,706 (2017: £5,706) by its fellow subsidiary

company, Ryger Investment Limited. This amount was repayable on demand and was loaned free of interest.