Ribble Bidco Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08864872 (England and Wales)

RIBBLE BIDCO LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R M Crook

J Zemmel

J Bell

REGISTERED OFFICE:

474 Broadway

Chadderton

Oldham

OL9 9NS

REGISTERED NUMBER:

08864872 (England and Wales)

ACCOUNTANTS:

DTE Business Advisers Limited

Chartered Accountants

The Exchange

5 Bank Street

Bury

BL9 0DN

FIXED ASSETS

Investments

3

5,055,092

1,772,610

CURRENT ASSETS

Debtors

4

124,548

102,496

Cash in hand

1,000

1,000

125,548

103,496

CREDITORS

Amounts falling due within one year

5

(3,086,015

)

(1,772,610

)

NET CURRENT LIABILITIES

(2,960,467

)

(1,669,114

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,094,625

103,496

CREDITORS

Amounts falling due after more than one year

6

(1,992,779

)

-

NET ASSETS

101,846

103,496

CAPITAL AND RESERVES

Called up share capital

7

138

115

Share premium

125,786

103,381

Retained earnings

(24,078

)

-

101,846

103,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 January 2018 and were signed on its behalf by:

R M Crook - Director

1.	STATUTORY INFORMATION

Ribble Bidco Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number is 08864872 and its registered office address is 474 Broadway, Chadderton, Oldham, OL9

9NS.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has transitioned to Financial Reporting Standard 102 and the Companies Act 2006 from UK

Generally Accepted Accounting Practice. The date of transition to FRS 102 is 1 May 2015. There have not been

any changes to the comparative figures as a result of the transition.

Significant judgements and estimates

The directors do not consider there to be any critical accounting estimates or judgements that would have a

material impact on the financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third

parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for

objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised

in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost,

being the transaction price less any amounts settled.

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 statement of financial position date.

Deferred tax

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.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2016

1,772,610

Additions

3,282,482

At 30 April 2017

5,055,092

NET BOOK VALUE

At 30 April 2017

5,055,092

At 30 April 2016

1,772,610

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as restated

£

£

Amounts owed by group undertakings

124,548

102,496

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as restated

£

£

Bank loans and overdrafts

226,664

-

Amounts owed to group undertakings

2,835,273

1,760,418

Other creditors

24,078

12,192

3,086,015

1,772,610

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

as restated

£

£

Bank loans

566,670

-

Amounts owed to group undertakings

1,426,109

-

1,992,779

-

7.	CALLED UP SHARE CAPITAL

During the year 22,427 Ordinary shares of £0.001 were issued at £1 and fully paid for.