Company Registration No. 06465313 (England and Wales)
RTB INVESTMENTS LIMITED
Unaudited accounts
for the year ended 31 March 2023
RTB INVESTMENTS LIMITED
Unaudited accounts
Contents
RTB INVESTMENTS LIMITED
Company Information
for the year ended 31 March 2023
Directors
R Bolesworth
Mrs V Boleworth
Secretary
Mrs V Bolesworth
Company Number
06465313 (England and Wales)
Registered Office
The Downshire
71 Baldwins Lane
Croxley Green, Rickmonthsworth
Hertfordshire
WD3 3LT
Accountants
Dempsey & Co
The Downshire
71 Baldwins Lane Croxley Green
Rickmansworth
Herts
WD3 3LT
RTB INVESTMENTS LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
2,600,467
2,278,564
Cash at bank and in hand
178,394
398,407
Creditors: amounts falling due within one year
(775,341)
(461,143)
Net current assets
562,606
132,410
Total assets less current liabilities
3,163,073
2,410,974
Creditors: amounts falling due after more than one year
(1,594,066)
(1,489,775)
Provisions for liabilities
Deferred tax
(212,608)
(145,311)
Net assets
1,356,399
775,888
Called up share capital
100
100
Profit and loss account
1,356,299
775,788
Shareholders' funds
1,356,399
775,888
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by
R Bolesworth
Director
Company Registration No. 06465313
RTB INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
RTB INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06465313. The registered office is The Downshire, 71 Baldwins Lane, Croxley Green, Rickmonthsworth, Hertfordshire, WD3 3LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of goods to customers and Arcade takings, excluding Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land & buildings
1-2% straight line
Plant & machinery
20% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Stock is valued at the lower of cost and net realisable value.
Stock is calculated using the first in first out method and consists of material and direct labour cost, together with an appropriate proportion of production overheads.
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
Interest on finance leases and hire purchase transactions is charged to the profit and loss account on a straight line basis over the period of the relevant agreement.
RTB INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
These financial statements have been prepared on a going concern basis.
Goodwill is amortised through the profit and loss account in equal instalments over its useful life at a rate of 20% per annum.
Phones App costs are written off 20% per annum.
Goodwill for Maple Moose written off over 3 years.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2022
276,254
17,100
293,354
At 31 March 2023
276,254
17,100
293,354
At 1 April 2022
276,254
17,100
293,354
At 31 March 2023
276,254
17,100
293,354
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
1,562,289
2,218,867
5,550
1,420,888
5,207,594
Additions
-
672,489
7,000
102,953
782,442
Disposals
-
(150,763)
-
-
(150,763)
At 31 March 2023
1,562,289
2,740,593
12,550
1,523,841
5,839,273
At 1 April 2022
214,525
1,765,969
4,562
943,974
2,929,030
Charge for the year
15,623
290,039
1,997
62,501
370,160
On disposals
-
(60,384)
-
-
(60,384)
At 31 March 2023
230,148
1,995,624
6,559
1,006,475
3,238,806
At 31 March 2023
1,332,141
744,969
5,991
517,366
2,600,467
At 31 March 2022
1,347,764
452,898
988
476,914
2,278,564
Amounts falling due within one year
Trade debtors
25,800
18,060
Other debtors
1,050,248
102,381
RTB INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
234,228
201,288
Trade creditors
207,873
25,679
Taxes and social security
118,861
126,217
Other creditors
191,397
106,620
Loans from directors
22,982
1,339
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,594,066
1,489,775
Aggregate of amounts that fall due for payment after five years
-
620,827
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
Mr R Bolesworth was voted dividends of £49000(2022-£182000) and received a salary of
£15593 (2022-£15976).
Mrs V Bolesworth was voted dividends of £21000(2021-£78000) and received a salary of
£12354(2022-£12332) during the year.
11
Average number of employees
During the year the average number of employees was 42 (2022: 42).