IRIS Accounts Production v25.1.3.33 07963656 director 1.9.23 31.8.24 31.8.24 0 0 false true false false false true false Ordinary 0.50000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079636562023-08-31079636562024-08-31079636562023-09-012024-08-31079636562022-08-31079636562022-09-012023-08-31079636562023-08-3107963656ns15:EnglandWales2023-09-012024-08-3107963656ns14:PoundSterling2023-09-012024-08-3107963656ns10:Director12023-09-012024-08-3107963656ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107963656ns10:SmallEntities2023-09-012024-08-3107963656ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3107963656ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107963656ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107963656ns10:FullAccounts2023-09-012024-08-310796365612023-09-012024-08-3107963656ns10:OrdinaryShareClass12023-09-012024-08-3107963656ns5:CurrentFinancialInstruments2024-08-3107963656ns5:CurrentFinancialInstruments2023-08-3107963656ns5:ShareCapital2024-08-3107963656ns5:ShareCapital2023-08-3107963656ns5:RetainedEarningsAccumulatedLosses2024-08-3107963656ns5:RetainedEarningsAccumulatedLosses2023-08-3107963656ns10:RegisteredOffice2023-09-012024-08-3107963656ns5:ComputerSoftware2023-09-012024-08-3107963656ns5:IntangibleAssetsOtherThanGoodwill2023-08-3107963656ns5:IntangibleAssetsOtherThanGoodwill2024-08-3107963656ns5:IntangibleAssetsOtherThanGoodwill2023-08-3107963656ns5:PlantMachinery2023-08-3107963656ns5:PlantMachinery2023-09-012024-08-3107963656ns5:PlantMachinery2024-08-3107963656ns5:PlantMachinery2023-08-3107963656ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3107963656ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3107963656ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 07963656 (England and Wales)







Unaudited Financial Statements

for the Year Ended

31 August 2024

for

The Ribbon Room Limited

The Ribbon Room Limited (Registered number: 07963656)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


The Ribbon Room Limited (Registered number: 07963656)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 576 1,195
576 1,195

CURRENT ASSETS
Debtors 6 916 1,041
Cash at bank 31,168 33,763
32,084 34,804
CREDITORS
Amounts falling due within one year 7 18,591 17,983
NET CURRENT ASSETS 13,493 16,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,069

18,016

PROVISIONS FOR LIABILITIES 239 239
NET ASSETS 13,830 17,777

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 13,827 17,774
SHAREHOLDERS' FUNDS 13,830 17,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Ribbon Room Limited (Registered number: 07963656)

Balance Sheet - continued
31 August 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 January 2025 and were signed by:





Mrs M A Hopps - Director


The Ribbon Room Limited (Registered number: 07963656)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

The Ribbon Room Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07963656

Registered office: Holly House
Follifoot Lane
Spofforth
Harrogate
North Yorkshire
HG3 1AY

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to give a true and fair view. The financial statements have been prepared under the historical cost convention.

The functional and presentational currency of the company is considered to be pounds sterling.

Turnover
Turnover represents the value of goods provided, excluding value added tax, recognised upon despatch to the customer.

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 on a straight line basis over its estimated useful life of three years.

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets at rates calculated to write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life.

Fixtures and fittings - 33% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.


The Ribbon Room Limited (Registered number: 07963656)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

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

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Trade debtors, trade creditors, accruals, other creditors, amounts owed to group undertakings and cash at bank are classified as basic financial instruments and are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

The Ribbon Room Limited (Registered number: 07963656)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset's carrying amount and the present value of estimated cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had impairment not been recognised.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 39,600
AMORTISATION
At 1 September 2023
and 31 August 2024 39,600
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

The Ribbon Room Limited (Registered number: 07963656)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 5,771
DEPRECIATION
At 1 September 2023 4,576
Charge for year 619
At 31 August 2024 5,195
NET BOOK VALUE
At 31 August 2024 576
At 31 August 2023 1,195

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 916 1,041

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,058 2,011
Amounts owed to group undertakings 13,278 11,205
Taxation and social security 2,155 1,667
Other creditors 2,100 3,100
18,591 17,983

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
6 Ordinary 50p 3 3

9. ULTIMATE CONTROLLING PARTY

The immediate parent company is Colour Ribbons Limited, a company registered in England and Wales.

The company is controlled by Mr G Hopps by virtue of a majority shareholding in the ultimate parent company 13k Limited.