Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-01falseThe principal activity of the company is that of investment company12true 11219383 2022-01-01 2022-12-31 11219383 2021-01-01 2021-12-31 11219383 2022-12-31 11219383 2021-12-31 11219383 2021-01-01 11219383 1 2021-01-01 2021-12-31 11219383 d:Director3 2022-01-01 2022-12-31 11219383 e:CurrentFinancialInstruments 2022-12-31 11219383 e:CurrentFinancialInstruments 2021-12-31 11219383 e:CurrentFinancialInstruments e:WithinOneYear 2022-12-31 11219383 e:CurrentFinancialInstruments e:WithinOneYear 2021-12-31 11219383 e:ShareCapital 2022-12-31 11219383 e:ShareCapital 2021-12-31 11219383 e:ShareCapital 2021-01-01 11219383 e:OtherMiscellaneousReserve 2022-12-31 11219383 e:OtherMiscellaneousReserve 2021-01-01 2021-12-31 11219383 e:OtherMiscellaneousReserve 2021-12-31 11219383 e:OtherMiscellaneousReserve 2021-01-01 11219383 e:OtherMiscellaneousReserve 1 2021-01-01 2021-12-31 11219383 e:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11219383 e:RetainedEarningsAccumulatedLosses 2022-12-31 11219383 e:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 11219383 e:RetainedEarningsAccumulatedLosses 2021-12-31 11219383 e:RetainedEarningsAccumulatedLosses 2021-01-01 11219383 e:RetainedEarningsAccumulatedLosses 1 2021-01-01 2021-12-31 11219383 d:OrdinaryShareClass1 2022-01-01 2022-12-31 11219383 d:OrdinaryShareClass1 2022-12-31 11219383 d:OrdinaryShareClass1 2021-12-31 11219383 d:FRS102 2022-01-01 2022-12-31 11219383 d:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11219383 d:FullAccounts 2022-01-01 2022-12-31 11219383 d:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11219383 2 2022-01-01 2022-12-31 11219383 6 2022-01-01 2022-12-31 11219383 e:Associate1 2022-01-01 2022-12-31 11219383 e:Associate1 1 2022-01-01 2022-12-31 11219383 1 2022-12-31 11219383 2 2022-12-31 11219383 1 2021-12-31 11219383 2 2021-12-31 11219383 e:ShareCapitalOtherShareTypes 2022-12-31 11219383 e:ShareCapitalOtherShareTypes 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11219383














INVESTMENTS RB LIMITED
(FORMERLY KNOWN AS MORE THAN FAMILY LIMITED)

 
UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
INVESTMENTS RB LIMITED
 
 

CONTENTS



Page
Balance sheet
 
1 - 2
Statement of changes in equity
 
3
Notes to the financial statements
 
4 - 7


 
INVESTMENTS RB LIMITED
  
(FORMERLY KNOWN AS MORE THAN FAMILY LIMITED)
REGISTERED NUMBER:11219383

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
121,541
257,392

  
121,541
257,392

Current assets
  

Debtors: amounts falling due within one year
 5 
33,358
33,433

Cash at bank and in hand
 6 
50
-

  
33,408
33,433

Creditors: amounts falling due within one year
 7 
(313,346)
(324,054)

Net current liabilities
  
 
 
(279,938)
 
 
(290,621)

Total assets less current liabilities
  
(158,397)
(33,229)

  

Net liabilities
  
(158,397)
(33,229)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(158,497)
(33,329)

  
(158,397)
(33,229)


1

 
INVESTMENTS RB LIMITED
  
(FORMERLY KNOWN AS MORE THAN FAMILY LIMITED)
REGISTERED NUMBER:11219383
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





E T Bishti
Director

Date: 20 October 2023

The notes on pages 4 to 7 form part of these financial statements.

2

 
INVESTMENTS RB LIMITED
 
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 January 2021
100
-
16,927
17,027



Loss for the year
-
-
(45,941)
(45,941)

Fair value movement
-
(4,315)
-
(4,315)

Transfer to/from profit and loss account
-
4,315
(4,315)
-



At 1 January 2022
100
-
(33,329)
(33,229)



Loss for the year
-
-
(125,168)
(125,168)


At 31 December 2022
100
-
(158,497)
(158,397)


The notes on pages 4 to 7 form part of these financial statements.

3

 
INVESTMENTS RB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Investments RB Limited is a private company, limited by shares, registered in England and Wales, registration number 11219383. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company is that of investment company.

The company changed it's legal name from More Than Family Limited to Investments RB Limited on 24 June 2022.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the director has confirmed that the shareholder will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On the basis, the director is satisfied that the financial statements should be prepared on a ongoing basis.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

4

 
INVESTMENTS RB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

5

 
INVESTMENTS RB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.10

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 2).


4.


Fixed asset investments





Investment in associate
Listed investments
Unlisted investments
Total

£
£
£
£



Cost or valuation


At 1 January 2022
50
162,223
95,119
257,392


Revaluations
-
(74,065)
-
(74,065)



At 31 December 2022

50
88,158
95,119
183,327



Impairment


At 1 January 2022
-
-
-
-


Charge for the period
-
-
61,786
61,786



At 31 December 2022

-
-
61,786
61,786



Net book value



At 31 December 2022
50
88,158
33,333
121,541



At 31 December 2021
50
162,223
95,119
257,392

In February 2023 the board of directors of one of the companies, in which Investments RB Limited had invested, filed for receivership and this was granted accordingly. Based on the aforementioned objective evidence, an impairment of £61,786 have fully recognised in profit and loss.


Associate


The following was an associate of the company:


Name

Registered office

Principal activity

Class of shares

Holding

70 Berwick Limited
United Kingdom
Tattoo studio
Ordinary
50%

6

 
INVESTMENTS RB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021
£
£


Other debtors
33,358
33,333

Called up share capital not paid
-
100

33,358
33,433



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
50
-



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
2,814
2,622

Corporation tax
-
12,454

Other creditors
308,582
306,428

Accruals and deferred income
1,950
2,550

313,346
324,054



8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

Included within other creditors at the year end is an amount due to company under common control £308,583 (2021 - £306,380). The loan is interest free and payable on demand.
Included in other creditors is an amount of £Nil (2021 - £50) due to a director of the company. The loan is interest free and payable on demand.

 
7