Ribble Bidco Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08864872 (England and Wales)

RIBBLE BIDCO LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S L Reece

A Hudaly

M Taylor

Ms E Young

REGISTERED OFFICE:

10th Floor

1 City Approach

Albert Street

Eccles

Manchester

M30 0BG

REGISTERED NUMBER:

08864872 (England and Wales)

ACCOUNTANTS:

DTE Business Advisers Limited

Chartered Accountants

The Exchange

5 Bank Street

Bury

BL9 0DN

FIXED ASSETS

Investments

4

5,055,092

5,055,092

CURRENT ASSETS

Cash at bank

1,000

1,000

CREDITORS

Amounts falling due within one year

5

(3,466,538

)

(3,256,358

)

NET CURRENT LIABILITIES

(3,465,538

)

(3,255,358

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,589,554

1,799,734

CREDITORS

Amounts falling due after more than one year

6

(1,518,467

)

(1,708,473

)

NET ASSETS

71,087

91,261

CAPITAL AND RESERVES

Called up share capital

138

138

Share premium

125,786

125,786

Retained earnings

(54,837

)

(34,663

)

71,087

91,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 January 2020 and were signed on its behalf by:

M Taylor - Director

1.	STATUTORY INFORMATION

Ribble Bidco Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number is 08864872 and its registered office address is 10th Floor, 1 City Approach, Albert Street,

Eccles, Manchester, M30 0BG.

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.

The company has, at the statement of financial position date, negative distributable reserves. The company has

reported a pre tax loss for the year, and continues to meet liabilities as they fall due. The directors believe that

the company should return to profitability in the coming year. Included within creditors falling due within one

year is a balance of £3,275,265 (2018 - £3,025,917) owed to group companies. Therefore, the going concern

basis is deemed to be appropriate. No adjustments have been made to the accounts should this view not be

applicable.

Significant judgements and estimates

The directors do not consider there to be any critical accounting estimates or judgements that would have a

material impact on the financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment for any permanent diminution in

value.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third

parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for

objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised

in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost,

being the transaction price less any amounts settled.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2018

and 30 April 2019

5,055,092

NET BOOK VALUE

At 30 April 2019

5,055,092

At 30 April 2018

5,055,092

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

190,006

226,664

Amounts owed to group undertakings

3,275,265

3,025,917

Accrued expenses

1,267

3,777

3,466,538

3,256,358

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans - 1-2 years

-

226,664

Bank loans - 2-5 years

-

113,342

Amounts owed to group undertakings

1,368,467

1,368,467

Other creditors

150,000

-

1,518,467

1,708,473

7.	SECURED DEBTS

There is a fixed and floating charge by way of a debenture over all of the assets of the company.