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REGISTERED NUMBER: SC515485 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

RIGHTSBRIDGE LTD

RIGHTSBRIDGE LTD (REGISTERED NUMBER: SC515485)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

RIGHTSBRIDGE LTD

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: Mr A Gray
Mr J Gilmour





SECRETARY: Mr A Gray





REGISTERED OFFICE: Studio 5.11
The Whisky Bond
2 Dawson Road
Glasgow
G4 9SS





REGISTERED NUMBER: SC515485 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

RIGHTSBRIDGE LTD (REGISTERED NUMBER: SC515485)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 262 1,173
Cash at bank 17,465 12,698
17,727 13,871
CREDITORS
Amounts falling due within one year 6 166,098 112,859
NET CURRENT LIABILITIES (148,371 ) (98,988 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(148,371

)

(98,988

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (148,471 ) (99,088 )
SHAREHOLDERS' FUNDS (148,371 ) (98,988 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:




Mr A Gray - Director



Mr J Gilmour - Director


RIGHTSBRIDGE LTD (REGISTERED NUMBER: SC515485)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Rightsbridge Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

Going Concern
The directors, having made due and careful enquiry, are of the opinion that the company can continue it's operations for a period of no less than 12 months from the date of signing of this report. The directors have confirmed that the company will receive continued financial support from it's directors and associated companies in order to meet it's financial obligations as they fall due.

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

Royalties income as licensee
Revenue derived from the receipt of licenced royalties is recognised on an accruals basis when such royalties become receivable. Royalty payments are made to the licensors of royalties on an accruals basis when such royalties are received by the company.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets which include trade & other debtors, cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers significant risk and reward of ownership to another entity.

Basic financial liabilities
Basic financial liabilities which include trade and other creditors are recognised at transaction price including transaction cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 209 716
VAT 53 457
262 1,173

RIGHTSBRIDGE LTD (REGISTERED NUMBER: SC515485)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 239 730
Amounts owed to associates 127,209 87,209
Other creditors 28,830 14,749
Directors' current accounts 9,820 9,196
Accrued expenses - 975
166,098 112,859

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr J Gilmour
Balance outstanding at start of year (6,461 ) (5,341 )
Amounts repaid (312 ) (1,120 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,773 ) (6,461 )

Mr A Gray
Balance outstanding at start of year (2,735 ) (2,423 )
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,047 ) (2,735 )

These amounts bear no interest and have no fixed repayment terms.

9. RELATED PARTY DISCLOSURES

Emubands Limited is a company under common control of the directors.

During the year, the company received loan advances from Emubands Limited of £40,000 (2023: £50,000). As at the year end, the company owed a balance of £127,209 (2023: £87,209) in respect of these advances.

These amounts bear no interest and have no fixed repayment terms.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are both the directors Jamie Gilmour and Alastair Gray the shareholders of Rightsbridge Ltd.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RIGHTSBRIDGE LTD (REGISTERED NUMBER: SC515485)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rightsbridge Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Rightsbridge Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rightsbridge Ltd and state those matters that we have agreed to state to the Board of Directors of Rightsbridge Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rightsbridge Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rightsbridge Ltd. You consider that Rightsbridge Ltd 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 financial statements of Rightsbridge Ltd. 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 financial statements.






Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


19 March 2025