REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
R8G UK LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Tangible fixed assets |
Plant and machinery etc | - |
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 |
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 |
AMORTISATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2023 |
Additions |
Disposals | ( |
) |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings | 776,933 | 1,110,169 |
Other debtors |
VAT |
Prepayments and accrued income |
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 |
Amounts owed to group undertakings |
Tax | ( |
) |
Social security and other taxes |
Other creditors |
Accrued expenses |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 38,000 | 38,000 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |