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REGISTERED NUMBER: 12798799 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

R8G UK LIMITED

R8G UK LIMITED (REGISTERED NUMBER: 12798799)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R8G UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Miss D Sopelkina





REGISTERED OFFICE: 2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH





REGISTERED NUMBER: 12798799 (England and Wales)





AUDITORS: Xeinadin Audit Limited
8th Floor
Becket House
36 Old Jewry
London
EC2R 8DD

R8G UK LIMITED (REGISTERED NUMBER: 12798799)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 52 1,761
Tangible assets 5 61,772 64,263
61,824 66,024

CURRENT ASSETS
Debtors 6 1,044,442 2,197,290
Cash at bank 199,648 965,638
1,244,090 3,162,928
CREDITORS
Amounts falling due within one year 7 824,710 2,712,974
NET CURRENT ASSETS 419,380 449,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,204

515,978

PROVISIONS FOR LIABILITIES 17,490 -
NET ASSETS 463,714 515,978

CAPITAL AND RESERVES
Called up share capital 8 38,000 38,000
Retained earnings 425,714 477,978
SHAREHOLDERS' FUNDS 463,714 515,978

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 5 September 2024 and were signed by:





Miss D Sopelkina - Director


R8G UK LIMITED (REGISTERED NUMBER: 12798799)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

R8G UK 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.

2. ACCOUNTING POLICIES

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

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.


Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand and short-term deposits with an original
maturity of three months or less that are readily convertible to known amounts of cash. The carrying amount
represents fair value.


Debtors & Creditors
The valuation of contracts at the year end identifies revenue not invoiced at the year end but that relate to the period, these are included within accrued income.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 5 ) .

R8G UK LIMITED (REGISTERED NUMBER: 12798799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 5,181
AMORTISATION
At 1 January 2023 3,420
Charge for year 1,709
At 31 December 2023 5,129
NET BOOK VALUE
At 31 December 2023 52
At 31 December 2022 1,761

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 77,212
Additions 18,385
Disposals (373 )
At 31 December 2023 95,224
DEPRECIATION
At 1 January 2023 12,949
Charge for year 20,590
Eliminated on disposal (87 )
At 31 December 2023 33,452
NET BOOK VALUE
At 31 December 2023 61,772
At 31 December 2022 64,263

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,047 663,124
Amounts owed by group undertakings 776,933 1,110,169
Other debtors - 25,079
VAT 1,499 7,384
Prepayments and accrued income 219,963 391,534
1,044,442 2,197,290

R8G UK LIMITED (REGISTERED NUMBER: 12798799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 468 -
Amounts owed to group undertakings 537,770 2,593,403
Tax (4,753 ) 55,045
Social security and other taxes 94,597 50,849
Other creditors 5,012 13,677
Accrued expenses 191,616 -
824,710 2,712,974

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
38,000 Ordinary £1 38,000 38,000

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

The Report of the Auditors was unqualified.

Andrew Hill (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

10. RELATED PARTY DISCLOSURES

R8S Entertainment Limited is a company under common control with R8G UK Limited.

During the year, R8S Entertainment Limited provided subcontractor services to R8G UK Limited totalling £ 4,165,716 (2022: £3,537,168). As of the year end date, R8G UK Limited owed R8S Entertainment Limited £ nil (2022: £1,881,003) and R8G UK Limited provided subcontractor services to R8S Entertainment Limited totalling £1,987,481 (2022: £927,330) and as of the year end date R8G UK Limited were owed £692,453 (2022: £927,330)

DLE Dragon Lake Entertainment Ltd is a company under common control with R8G UK Limited.

During the year, DLE Dragon Lake Entertainment Ltd provided subcontractor services to R8G UK Limited totalling £567,678 (2022: £695,380). As of the year end date, R8G UK Limited owed DLE Dragon Lake Entertainment Ltd £537,770 (2022: £695,380) and R8G UK Limited provided subcontractor services to DLE Dragon Lake Entertainment Ltd totalling £456,683 (2022: £182,838) and as of the year end date R8G UK Limited were owed £48,285 (2022: £182,838).

R8G Canada INC. is a company under common control with R8G UK Limited.

During the year, R8G Canada INC. provided subcontractor services to R8G UK Limited totalling £12,542 (2022: £17,020). As of the year end date, R8G UK Limited owed R8G Canada INC £nil (2022: £17,020)

Massive Black Studios LLC. is a company under common control with R8G UK Limited.

During the year, Massive Black Studios LLC. provided subcontractor services to R8G UK Limited totalling £61,854 (2022 £nil). As of the year end end date, R8G UK Limited were owed £36,195 (2022:£nil)

11. ULTIMATE CONTROLLING PARTY

Room 8 Group Ltd, formerly known as Room 8 Holding Ltd is the ultimate controlling party and owns 100% of the share capital and is incorporated in Cyprus.