R & B Licensing Ltd 14742197 false 2023-03-20 2023-12-31 2023-12-31 The principal activity of the company is Intellectual Property Licensing Digita Accounts Production Advanced 6.30.9574.0 true true true 14742197 2023-03-20 2023-12-31 14742197 2023-12-31 14742197 bus:OrdinaryShareClass1 2023-12-31 14742197 core:RetainedEarningsAccumulatedLosses 2023-12-31 14742197 core:ShareCapital 2023-12-31 14742197 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14742197 core:FurnitureFittingsToolsEquipment 2023-12-31 14742197 core:ParentEntities 2023-12-31 14742197 bus:SmallEntities 2023-03-20 2023-12-31 14742197 bus:AuditExemptWithAccountantsReport 2023-03-20 2023-12-31 14742197 bus:FilletedAccounts 2023-03-20 2023-12-31 14742197 bus:SmallCompaniesRegimeForAccounts 2023-03-20 2023-12-31 14742197 bus:RegisteredOffice 2023-03-20 2023-12-31 14742197 bus:Director1 2023-03-20 2023-12-31 14742197 bus:Director2 2023-03-20 2023-12-31 14742197 bus:OrdinaryShareClass1 2023-03-20 2023-12-31 14742197 bus:PrivateLimitedCompanyLtd 2023-03-20 2023-12-31 14742197 core:RetainedEarningsAccumulatedLosses 2023-03-20 2023-12-31 14742197 core:ShareCapital 2023-03-20 2023-12-31 14742197 core:ComputerEquipment 2023-03-20 2023-12-31 14742197 core:FurnitureFittingsToolsEquipment 2023-03-20 2023-12-31 14742197 core:ParentEntities 2023-03-20 2023-12-31 14742197 core:ParentEntities core:RenderingOrReceivingServices 2023-03-20 2023-12-31 14742197 1 2023-03-20 2023-12-31 14742197 countries:AllCountries 2023-03-20 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14742197

R & B Licensing Ltd

Unaudited Filleted Financial Statements

for the Period from 20 March 2023 to 31 December 2023

 

R & B Licensing Ltd

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 8

 

R & B Licensing Ltd

Company Information

Directors

Mr M Bezodis

Mr A Jansson

Registered office

25 Summer Avenue
East Molesey
KT8 9LU

Accountants

Franklin, Chartered Accountants
320 Garratt Lane
London
SW18 4EJ

 

R & B Licensing Ltd

(Registration number: 14742197)
Balance Sheet as at 31 December 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

1,474

Current assets

 

Cash at bank and in hand

 

254,251

Creditors: Amounts falling due within one year

5

(241,019)

Net current assets

 

13,232

Total assets less current liabilities

 

14,706

Provisions for liabilities

(280)

Net assets

 

14,426

Capital and reserves

 

Called up share capital

6

1,000

Retained earnings

13,426

Shareholders' funds

 

14,426

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 April 2024 and signed on its behalf by:
 

.........................................
Mr M Bezodis
Director

 

R & B Licensing Ltd

Statement of Changes in Equity for the Period from 20 March 2023 to 31 December 2023

Share capital
£

Retained earnings
£

Total
£

Profit for the period

-

13,426

13,426

New share capital subscribed

1,000

-

1,000

At 31 December 2023

1,000

13,426

14,426

 

R & B Licensing Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
25 Summer Avenue
East Molesey
KT8 9LU

These financial statements were authorised for issue by the Board on 30 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

R & B Licensing Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2023 to 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

33% on a straight line basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

R & B Licensing Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2023 to 31 December 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

 Recognition and measurement
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

 Impairment
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

R & B Licensing Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2023 to 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,966

1,966

At 31 December 2023

1,966

1,966

Depreciation

Charge for the period

492

492

At 31 December 2023

492

492

Carrying amount

At 31 December 2023

1,474

1,474

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

223,113

Taxation and social security

 

11,185

Other creditors

 

6,721

 

241,019

6

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary of £1 each

1,000

1,000

   
 

R & B Licensing Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2023 to 31 December 2023

7

Related party transactions

Directors' remuneration

The directors' remuneration for the period was as follows:

2023
£

Remuneration

134,481

Contributions paid to money purchase schemes

4,375

138,856

Income and receivables from related parties

2023

Parent
£

Receipt of services

271,220

Loans from related parties

2023

Parent
£

Total
£

Advanced

224,113

224,113

Repaid

(1,000)

(1,000)

At end of period

223,113

223,113

8

Parent and ultimate parent undertaking

The company's immediate parent is R & B Licensing AB, incorporated in Sweden.