Stor RB One Limited - Period Ending 2019-12-31

Stor RB One Limited

(Registration number: 11642785)
Balance Sheet as at 31 December 2019

	Note	2019 £	2018 £
Current assets
Debtors	4	234,368.00	0.01
Creditors: Amounts falling due within one year	5	(249,353.00)	-
Net (liabilities)/assets		(14,985.00)	0.01
Capital and reserves
Called up share capital	6	0.01	0.01
Profit and loss account		(14,985.01)	-
Shareholders' (deficit)/funds		(14,985.00)	0.01

For the financial year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 December 2020 and signed on its behalf by:
 

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

A A Ahsan
Director

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

G Brintalos
Director

Stor RB One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
14 Old Queen Street
London
SW1H 9HP
England

These financial statements were authorised for issue by the Board on 22 December 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - '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 using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade Debtors are amounts due from online marketplaces for merchandise sold by customers of Stor RB One Ltd.

 

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Stor RB One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2018 - 0).

4

Debtors

	2019 £	2018 £
Trade debtors	234,368	-
	234,368	-

5

Creditors

Creditors: amounts falling due within one year

	Note	2019 £	2018 £
Due within one year
Trade creditors		27,683	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	220,967	-
Accruals and deferred income		703	-
		249,353	-

6	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary share of £0.01 each	1	0.01	1	0.01

7	Related party transactions

The sum of £220,967 is owed to Stor Services Ltd at the year ended 31 December 2019. Stor Services Ltd and Stor RB One Limited both are under the control of Stor Holdings Limited. The interest was charged on the loan amount.

Stor RB One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019

8	Parent and ultimate parent undertaking

The company's immediate parent is Stor Holdings Limited, incorporated in England.