| ROK Ventures Limited |
| Registered number: |
07153714 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 31 December 2013. |
|
| Principal activities |
| The company's principal activity during the year was a holding company for a group of companies involved in the production, sale and distribution of cosmetics, beauty and eco-friendly products. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
Mr P Fidanza |
|
ROK Stars PLC (appointed 22 March 2013) |
|
ROK Endorsements Limited (appointed 5 December 2013) |
|
ROK Management Services Limited (appointed 22 March 2013, resigned 5 December 2013) |
|
Brandwich Limited (resigned 22 March 2013) |
|
ROK Group International Limited (resigned 22 March 2013) |
|
| ROK Stars PLC resigned on 9 February 2014 and ROK Stars Distribution Limited was appointed on that date |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 30 May 2014 and signed by its order. |
|
|
|
|
|
| Mr I M Grew |
| Secretary |
|
| ROK Ventures Limited |
| Balance Sheet |
| as at 31 December 2013 |
|
| Notes |
|
|
2013 |
|
|
2012 |
| £ |
£ |
| Fixed assets |
| Investments |
2 |
|
|
610,284 |
|
|
- |
|
| Current assets |
| Debtors |
3 |
|
1 |
|
|
1 |
|
| Creditors: amounts falling due within one year |
4 |
|
(610,284) |
|
|
- |
|
| Net current (liabilities)/assets |
|
|
|
(610,283) |
|
|
1 |
|
| Net assets |
|
|
|
1 |
|
|
1 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
1 |
|
|
1 |
|
| Shareholder's funds |
|
|
|
1 |
|
|
1 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| Mr I M Grew authorised representative of ROK Endorsements Limited |
| Director |
| Approved by the board on 30 May 2014 |
|
| ROK Ventures Limited |
| Notes to the Accounts |
| for the year ended 31 December 2013 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Investments |
|
Long term investments are classified as fixed assets and are stated at cost in the balance sheet. Provision is made for any impairment in the value of fixed asset investments. |
|
|
Consolidation |
|
Consolidated financial statements have not been prepared as the company is exempt from preparing group accounts under section 400 of the Companies Act 2006 as it is itself a wholly owned subsidiary undertaking of an immediate parent undertaking established under the law of an EEA state. Consequently, these financial statements only present information about ROK Ventures Limited as an individual company. |
|
|
| 2 |
Investments |
| Investments in |
Investments in |
| subsidiary |
subsidiary |
| undertakings |
undertakings |
| £ |
£ |
|
Cost |
|
Additions |
610,284 |
|
|
At 31 December 2013 |
610,284 |
|
|
|
|
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
|
| Capital and |
Profit (loss) |
Profit (loss) |
|
Company |
Shares held |
reserves |
|
for the year/ period |
for the year |
|
|
Class |
% |
£ |
£ |
£ |
|
Big Celebrity Auction Limited |
Ordinary |
51 |
|
1,000 |
|
- |
|
Desi Bazaar Limited |
Ordinary |
51 |
|
(25,321) |
|
627 |
|
John Paul Selects Limited |
Ordinary |
51 |
|
1,000 |
|
- |
|
John Paul Selects LLC * |
Ordinary |
100 |
|
(284,344) |
|
(284,345) |
|
JP Selects Limited |
Ordinary |
100 |
|
1 |
|
- |
|
JP Selects LLC * |
Ordinary |
100 |
|
(117,056) |
|
(38,833) |
|
Marula Oil LLC * |
Ordinary |
51 |
|
(249,705) |
|
(54,862) |
|
|
* GBP equivalent. |
|
|
All of the above companies are registered in England and Wales with the exception of John Paul Selects LLC, JP Selects LLC and Marula Oil LLC which are registered in USA. |
|
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|
|
|
|
|
|
|
|
| 3 |
Debtors |
2013 |
|
2012 |
| £ |
£ |
|
|
Other debtors |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2013 |
|
2012 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
610,284 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2013 |
|
2013 |
|
2012 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£0.01 each |
|
100 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
Under FRS 8 "Related Party Disclosures" the company is exempt from disclosing related party transactions with entities over which it has 90% control or more. During the year the company, and it's subsidiary undertakings, made funds available to one another to enable the group to meet its day to day working capital requirements. The amount owed to each reportable party was as follows: |
|
|
|
|
|
|
2013 |
| £ |
|
|
ROK Stars PLC |
610,284 |
|
|
|
|
|
|
|
|
| 7 |
Ultimate controlling party |
|
|
The company's parent company is ROK Stars PLC, a company registered in England and Wales, and listed on the Stuttgart stock exchange under ticker "RKS". |
