Riff Raff UK Limited 05604687 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is The principal activity of the company is that of the provision of promotion, marketing and voice services, and the development and production of films and television programmes. Digita Accounts Production Advanced 6.30.9574.0 true true 05604687 2023-04-01 2024-03-31 05604687 2024-03-31 05604687 core:CurrentFinancialInstruments 2024-03-31 05604687 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05604687 bus:SmallEntities 2023-04-01 2024-03-31 05604687 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05604687 bus:FilletedAccounts 2023-04-01 2024-03-31 05604687 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05604687 bus:RegisteredOffice 2023-04-01 2024-03-31 05604687 bus:CompanySecretary1 2023-04-01 2024-03-31 05604687 bus:Director2 2023-04-01 2024-03-31 05604687 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05604687 bus:Agent1 2023-04-01 2024-03-31 05604687 countries:EnglandWales 2023-04-01 2024-03-31 05604687 2023-03-31 05604687 core:CurrentFinancialInstruments 2023-03-31 05604687 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 05604687

Riff Raff UK Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Riff Raff UK Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Riff Raff UK Limited

Company Information

Director

Mr D J Law

Company secretary

Mr B J Jackson

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Riff Raff UK Limited

Statement of Financial Position
as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

17,000

18,920

Cash at bank and in hand

 

56,498

61,866

 

73,498

80,786

Creditors: Amounts falling due within one year

5

(2,000)

(5,878)

Net assets

 

71,498

74,908

Capital and reserves

 

Called up share capital

100

100

Retained earnings

71,398

74,808

Shareholders' funds

 

71,498

74,908

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Approved and authorised by the director on 4 October 2024
 

.........................................

Mr D J Law

Director

Company registration number: 05604687

 

Riff Raff UK Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024

1

General information

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

The registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of promotion, marketing and voice services.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company had net assets at 31st March 2024 of £71,498, including cash at bank of £56,498.

The company has few fixed overheads and the director does not expect the current economic conditions to materially impact the company.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company's activities. The company recognises revenue when it has fulfilled the contractual obligation under its service contracts with customers and is shown net of sales/value added tax, returns, rebates and discounts.

The company also receives contributions from third parties towards development costs of future film and television production activities. Revenue of this nature is recognised in the period in which all conditions in respect of the contributions have been met, in accordance with the agreement between the entities.

 

Riff Raff UK Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge 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.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Other debtors

17,000

18,920

17,000

18,920

 

Riff Raff UK Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Accruals and deferred income

2,000

3,100

Other creditors

-

2,778

2,000

5,878

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Riff Raff UK Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Riff Raff UK Limited for the year ended 31 March 2024 as set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Riff Raff UK Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Riff Raff UK Limited and state those matters that we have agreed to state to the Board of Directors of Riff Raff UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Riff Raff UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Riff Raff UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Riff Raff UK Limited. You consider that Riff Raff UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Riff Raff UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

5 October 2024