Caseware UK (AP4) 2022.0.179 2022.0.179 2024-01-312024-01-31false12023-02-01No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10581464 2023-02-01 2024-01-31 10581464 2022-02-01 2023-01-31 10581464 2024-01-31 10581464 2023-01-31 10581464 c:Director1 2023-02-01 2024-01-31 10581464 d:Goodwill 2023-02-01 2024-01-31 10581464 d:Goodwill 2024-01-31 10581464 d:Goodwill 2023-01-31 10581464 d:CurrentFinancialInstruments 2024-01-31 10581464 d:CurrentFinancialInstruments 2023-01-31 10581464 d:Non-currentFinancialInstruments 2024-01-31 10581464 d:Non-currentFinancialInstruments 2023-01-31 10581464 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10581464 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10581464 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 10581464 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 10581464 d:ShareCapital 2024-01-31 10581464 d:ShareCapital 2023-01-31 10581464 d:RetainedEarningsAccumulatedLosses 2024-01-31 10581464 d:RetainedEarningsAccumulatedLosses 2023-01-31 10581464 c:OrdinaryShareClass1 2023-02-01 2024-01-31 10581464 c:OrdinaryShareClass1 2024-01-31 10581464 c:OrdinaryShareClass1 2023-01-31 10581464 c:FRS102 2023-02-01 2024-01-31 10581464 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10581464 c:FullAccounts 2023-02-01 2024-01-31 10581464 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10581464 6 2023-02-01 2024-01-31 10581464 d:Goodwill d:OwnedIntangibleAssets 2023-02-01 2024-01-31 10581464 2 2024-01-31 10581464 2 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10581464









RB ASSOCIATES INTERNATIONAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
RB ASSOCIATES INTERNATIONAL LIMITED
REGISTERED NUMBER: 10581464

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
257,059
293,781

Investments
 5 
1,774,594
1,401,893

  
2,031,653
1,695,674

Current assets
  

Stocks
 6 
144,917
279,710

Debtors: amounts falling due within one year
 7 
106,869
60,533

Cash at bank and in hand
 8 
166,572
259,569

  
418,358
599,812

Creditors: amounts falling due within one year
 9 
(1,761,253)
(1,502,572)

Net current liabilities
  
 
 
(1,342,895)
 
 
(902,760)

Total assets less current liabilities
  
688,758
792,914

Creditors: amounts falling due after more than one year
 10 
(808,868)
(880,465)

Net liabilities
  
(120,110)
(87,551)


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
(120,210)
(87,651)

  
(120,110)
(87,551)


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.
 
Page 1

 
RB ASSOCIATES INTERNATIONAL LIMITED
REGISTERED NUMBER: 10581464
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024


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 statement of comprehensive income 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: 




R H Beck
Director

Date: 29 March 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
RB ASSOCIATES INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

RB Associates International Limited is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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 following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
RB ASSOCIATES INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Valuation of investments

Unlisted investments, being financing loans made to unrelated businesses, are measured at cost less accumulated impairment.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
RB ASSOCIATES INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

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

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

  
2.12

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
RB ASSOCIATES INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 February 2023
367,227



At 31 January 2024

367,227



Amortisation


At 1 February 2023
73,446


Charge for the year on owned assets
36,722



At 31 January 2024

110,168



Net book value



At 31 January 2024
257,059



At 31 January 2023
293,781



Page 6

 
RB ASSOCIATES INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 February 2023
1,401,893


Additions
1,588,000


Disposals
(1,054,217)



At 31 January 2024

1,935,676



Impairment


Charge for the period
161,082



At 31 January 2024

161,082



Net book value



At 31 January 2024
1,774,594



At 31 January 2023
1,401,893


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
144,917
279,710



7.


Debtors

2024
2023
£
£


Trade debtors
106,869
60,533


Page 7

 
RB ASSOCIATES INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
166,572
259,569



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
185,443
139,256

Trade creditors
110,780
218,792

Other taxation and social security
45,568
23,849

Other creditors
1,356,803
1,118,425

Accruals and deferred income
62,659
2,250

1,761,253
1,502,572


The bank loan is secured over the director's personal property.


10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
808,868
880,465


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable by instalments
80,374
283,715

Bank loans are subject to interest at 0.45% over the Bank of England base rate. The loan is repayable in instalments to 27 December 2029. 
The bank loan is secured over the director's personal property.

Page 8

 
RB ASSOCIATES INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 9