R3R Internationale Limited - Period Ending 2020-12-31

R3R Internationale Limited

Contents of the Financial Statements
for the Year Ended 31 December 2020

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

R3R Internationale Limited

Company Information
for the Year Ended 31 December 2020

Director:

T Hyman

Registered office:

Savoy House Savoy Circus London W3 7DA

Registered number:

08420522

Accountants:

Wem & Co Chartered Accountants Savoy House Savoy Circus London W3 7DA

R3R Internationale Limited

(Registration number: 08420522)
Balance Sheet as at 31 December 2020

	Note	31.12.20		31.12.19
		£	£	£	£
Fixed assets
Tangible assets	5		26,550		-
Current assets
Debtors	6	414		-
Cash at bank and in hand		14,637		1,211
		15,051		1,211
CREDITORS
Creditors within 1yr		288,171		1,496,189
Net current liabilities			(273,120)		(1,494,978)
Net liabilities			(246,570)		(1,494,978)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(246,571)		(1,494,979)
Shareholders' deficit			(246,570)		(1,494,978)

For the financial year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director on 21 December 2021
 

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

T Hyman
Director

R3R Internationale Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2020

1.	General information

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

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 21 December 2021.

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.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis, with the understanding that the director and shareholder will continue to financially support the company during this uncertain period.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

R3R Internationale Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2020 (continued)

2	Accounting policies (continued)

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery etc	20% straight line basis

3.	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2019 - 0).

4.

TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Tax losses of £271,000 are available for offset against future profits.

R3R Internationale Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2020 (continued)

5.	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
Additions	27,000	27,000
At 31 December 2020	27,000	27,000
Depreciation
Charge for the year	450	450
At 31 December 2020	450	450
Carrying amount
At 31 December 2020	26,550	26,550

6.

Debtors

	31.12.20 £	31.12.19 £
Other debtors	414	-
	414	-

7.

Creditors

Creditors: amounts falling due within one year

	31.12.20 £	31.12.19 £
Due within one year
Trade creditors	-	8,748
Taxation and social security	12,547	10,855
Accruals and deferred income	800	800
Other creditors	274,824	1,475,786
	288,171	1,496,189

R3R Internationale Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2020 (continued)

8.	Impact of Covid-19

The coronavirus (COVID-19) pandemic has developed rapidly in 2020, with a significant number of cases globally. Measures taken to contain the virus have significantly affected economic activity, which in turn has implications for financial reporting.
Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.