Rib Club Global Limited

Rib Club Global Limited

RIB CLUB GLOBAL LIMITED - Company Information

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31 March 2020 false Taxfiler 2021.20 08709976business:PrivateLimitedCompanyLtd2020-03-312020-12-31 087099762020-03-30 087099762020-03-312020-12-31 08709976business:AuditExemptWithAccountantsReport2020-03-312020-12-31 08709976business:FullAccounts2020-03-312020-12-31 087099762020-12-31 08709976business:Director12020-03-312020-12-31 08709976business:RegisteredOffice2020-03-312020-12-31 087099762020-03-30 08709976core:WithinOneYear2020-12-31 08709976core:WithinOneYear2020-03-30 08709976core:AfterOneYear2020-12-31 08709976core:AfterOneYear2020-03-30 08709976core:ShareCapital2020-12-31 08709976core:ShareCapital2020-03-30 08709976core:SharePremium2020-12-31 08709976core:SharePremium2020-03-30 08709976core:RetainedEarningsAccumulatedLosses2020-12-31 08709976core:RetainedEarningsAccumulatedLosses2020-03-30 08709976business:SmallEntities2020-03-312020-12-31 08709976countries:EnglandWales2020-03-312020-12-31 08709976core:PlantMachinery2020-03-30 08709976core:PlantMachinery2020-03-312020-12-31 08709976core:PlantMachinery2020-12-31 087099762019-04-012020-03-30 iso4217:GBP xbrli:pure
Company Registration No. 08709976 (England and Wales)
Rib Club Global Limited Unaudited accounts for the period from 31 March 2020 to 31 December 2020
Rib Club Global Limited Unaudited accounts Contents
Page
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Rib Club Global Limited Company Information for the period from 31 March 2020 to 31 December 2020
Director
James Patterson
Company Number
08709976 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON WC2H 9JQ ENGLAND
Accountants
Simpl Accountants and Business Advisory Limited 103 High Street Waltham Cross Herts EN87AN
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Rib Club Global Limited Accountants' report
Accountants' report to the director of Rib Club Global Limited on the preparation of the unaudited statutory accounts for the period from 31 March 2020 to 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rib Club Global Limited for the period from 31 March 2020 to 31 December 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Rib Club Global Limited, as a body, in accordance with the terms of our engagement letter dated 24 December 2019. Our work has been undertaken solely to prepare for your approval the accounts of Rib Club Global Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rib Club Global Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rib Club Global Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rib Club Global Limited. You consider that Rib Club Global Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Rib Club Global Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Simpl Accountants and Business Advisory Limited 103 High Street Waltham Cross Herts EN87AN 3 February 2022
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Rib Club Global Limited Statement of financial position as at 31 December 2020
31/12/2020 
30/03/2020 
Notes
£ 
£ 
Called up share capital not paid
89,730 
- 
Fixed assets
Tangible assets
4
- 
14,156 
Investments
5
257,526 
257,526 
257,526 
271,682 
Current assets
Debtors
6
1,015,540 
814,386 
Cash at bank and in hand
61,444 
9,516 
1,076,984 
823,902 
Creditors: amounts falling due within one year
7
(2,074)
(381,664)
Net current assets
1,074,910 
442,238 
Total assets less current liabilities
1,422,166 
713,920 
Creditors: amounts falling due after more than one year
8
(606,884)
- 
Net assets
815,282 
713,920 
Capital and reserves
Called up share capital
112,434 
22,704 
Share premium
716,306 
716,306 
Profit and loss account
(13,458)
(25,090)
Shareholders' funds
815,282 
713,920 
For the period ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 February 2022 and were signed on its behalf by
James Patterson Director Company Registration No. 08709976
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Rib Club Global Limited Notes to the Accounts for the period from 31 March 2020 to 31 December 2020
1
Statutory information
Rib Club Global Limited is a private company, limited by shares, registered in England and Wales, registration number 08709976. The registered office is 71-75 SHELTON STREET, LONDON, WC2H 9JQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 31 March 2020
43,572 
Disposals
(43,572)
At 31 December 2020
- 
Depreciation
At 31 March 2020
29,416 
On disposals
(29,416)
At 31 December 2020
- 
Net book value
At 31 December 2020
- 
At 30 March 2020
14,156 
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Rib Club Global Limited Notes to the Accounts for the period from 31 March 2020 to 31 December 2020
5
Investments
Subsidiary undertakings 
£ 
Valuation at 31 March 2020
257,526 
Valuation at 31 December 2020
257,526 
6
Debtors: amounts falling due within one year
31/12/2020 
30/03/2020 
£ 
£ 
Amounts due from group undertakings etc.
826,517 
639,518 
Other debtors
189,023 
174,868 
1,015,540 
814,386 
7
Creditors: amounts falling due within one year
31/12/2020 
30/03/2020 
£ 
£ 
VAT
399 
6,839 
Taxes and social security
1,025 
1,025 
Other creditors
- 
372,300 
Accruals
650 
1,500 
2,074 
381,664 
8
Creditors: amounts falling due after more than one year
31/12/2020 
30/03/2020 
£ 
£ 
Other creditors
315,300 
- 
Taxes and social security
2,728 
- 
Loans from directors
288,856 
- 
606,884 
- 
9
Transactions with related parties
The company was under the control of Mr James Patterson.
10
Average number of employees
During the period the average number of employees was 1 (30/03/2020: 0).
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