Rightsmith Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10001971 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Rightsmith Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Mica John Imamura

Mr Nicholas Edward Evans-Lombe

Mrs Jacquelyn Kimberly Mountain

REGISTERED OFFICE:

Central Office

Cobweb Buildings

The Lane

LYFORD

Oxfordshire

OX12 0EE

REGISTERED NUMBER:

10001971 (England and Wales)

ACCOUNTANTS:

Inca Accountants Ltd

Chartered Certified Accountants

Central Office

Cobweb Buildings

The Lane, Lyford

Nr Wantage

Oxfordshire

OX12 0EE

FIXED ASSETS

Investments

4

59,542

59,542

CURRENT ASSETS

Debtors

5

-

3,404,141

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

(17,586

)

(1,105,845

)

NET CURRENT (LIABILITIES)/ASSETS

(17,586

)

2,298,296

TOTAL ASSETS LESS CURRENT LIABILITIES

41,956

2,357,838

CAPITAL AND RESERVES

Called up share capital

134,848

96,056

Share premium

3,610,892

2,544,388

Retained earnings

(3,703,784

)

(282,606

)

41,956

2,357,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

Approved and authorised by the Board of Directors and authorised for issue on 22 December 2021 and were signed on its behalf by:

Mr Mica John Imamura - Director

1.	STATUTORY INFORMATION

Rightsmith 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 April 2020

and 31 March 2021

59,542

NET BOOK VALUE

At 31 March 2021

59,542

At 31 March 2020

59,542

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed by group undertakings

-

3,404,141

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

3,580

30,129

Amounts owed to group undertakings

9,992

1,943

Other creditors

4,014

1,073,773

17,586

1,105,845

7.	OFF-BALANCE SHEET ARRANGEMENTS

Share Options

The company has in place the following share options at the year end;

1. 318,749 Ordinary A shares with an exercise price of £0.01 per share