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REGISTERED NUMBER: 12358391 (England and Wales)















RSG UK Group Limited

Audited Financial Statements

for the Year Ended 31 December 2021






RSG UK Group Limited (Registered number: 12358391)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RSG UK Group Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: Mr V Scavo



REGISTERED OFFICE: Roedl & Partner Legal Limited
170 Edmund Street
Birmingham
B3 2HB



REGISTERED NUMBER: 12358391 (England and Wales)



SENIOR STATUTORY AUDITOR: Caroline Peverett BA FCA



AUDITORS: Tuerner Audit Limited
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG

RSG UK Group Limited (Registered number: 12358391)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,580,454 582,132

CURRENT ASSETS
Stocks 7,695 -
Debtors 6 589,827 1,971,284
Cash at bank and in hand 97,263 110,496
694,785 2,081,780
CREDITORS
Amounts falling due within one year 7 2,568,854 1,091,699
NET CURRENT (LIABILITIES)/ASSETS (1,874,069 ) 990,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,706,385

1,572,213

CREDITORS
Amounts falling due after more than one
year

8

2,166,162

1,811,095
NET ASSETS/(LIABILITIES) 540,223 (238,882 )

CAPITAL AND RESERVES
Called up share capital 10 3,300,000 50,000
Retained earnings (2,759,777 ) (288,882 )
SHAREHOLDERS' FUNDS 540,223 (238,882 )

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.

The financial statements were approved by the director and authorised for issue on 10 August 2022 and were signed by:





Mr V Scavo - Director


RSG UK Group Limited (Registered number: 12358391)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

RSG UK Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared under the going concern concept due to the fact that the company has the continued support of the group. The director has been given assurance that this support will continue for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings- 15 years straight line
Office equipment- 5 years straight line
Computer equipment- 4 years straight line
Furniture & fixtures- 7 years straight line
Plant & machinery- 5/7 years straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

RSG UK Group Limited (Registered number: 12358391)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Lease incentive
A capital contribution was receivable from the landlord of the leasehold premises and defined as a lease incentive under FRS 102. This will be released to the profit and loss account as a reduction in the property rental charge on a straight line basis from the date the company becoming operational until the end of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2020 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 575,179 6,953 582,132
Additions 3,509,844 625,587 4,135,431
At 31 December 2021 4,085,023 632,540 4,717,563
DEPRECIATION
Charge for year 98,766 38,343 137,109
At 31 December 2021 98,766 38,343 137,109
NET BOOK VALUE
At 31 December 2021 3,986,257 594,197 4,580,454
At 31 December 2020 575,179 6,953 582,132

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 10,105 -
Other debtors 579,722 1,971,284
589,827 1,971,284

RSG UK Group Limited (Registered number: 12358391)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 271,365 171,371
Amounts owed to group undertakings 1,947,427 737,404
Taxation and social security 10,884 -
Other creditors 339,178 182,924
2,568,854 1,091,699

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£    £   
Other creditors 2,166,162 1,811,095

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.21 31.12.20
£    £   
Within one year 1,060,000 1,060,000
Between one and five years 4,240,000 4,240,000
In more than five years 3,975,000 5,035,000
9,275,000 10,335,000

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
3,300,000 Ordinary 1 3,300,000 50,000

3,250,000 Ordinary shares of 1 each were allotted and fully paid for cash at par during the year.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)
for and on behalf of Tuerner Audit Limited

12. CAPITAL COMMITMENTS
31.12.21 31.12.20
£    £   
Contracted but not provided for in the
financial statements - 1,462,462

13. PARENT COMPANY

The parent company of RSG UK Group Limited into which the accounts of RSG UK Group Limited are consolidated is the ultimate parent of the group RSG Group GmbH, incorporated in Germany. Their registered office address from which publicly available accounts can be obtained is:

Tannenberg 4
96132
Schlüssfield
Germany