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Registration number: 07840982

Riber Products Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Riber Products Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 13

Riber Products Limited

Company Information

Directors | Mr Daniel James Hunter Miss Rebecca Louise Hunter Mr Bruce Nigel Hunter Mrs Kim Beverley Hunter

Registered office | Bridge Street Clay Cross Chesterfield Derbyshire S45 9NU

Accountants | M.G. Walker & Co. Limited Accountants 119a High Street Clay Cross Chesterfield Derbyshire S45 9DZ

Riber Products Limited

(Registration number: 07840982)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 2,940 | 5,589
Tangible assets | 5 | 930,450 | 1,006,589
Investment property | 6 | 295,137 | 285,000
Investments | 7 | 50 | 50
|  | 1,228,577 | 1,297,228
Current assets |  |  |
Stocks | 8 | 402,026 | 431,295
Debtors | 9 | 90,940 | 239,287
Cash at bank and in hand |  | 42,437 | 31,626
|  | 535,403 | 702,208
Creditors: Amounts falling due within one year | 10 | (467,476) | (515,357)
Net current assets |  | 67,927 | 186,851
Total assets less current liabilities |  | 1,296,504 | 1,484,079
Creditors: Amounts falling due after more than one year | 10 | (612,799) | (667,129)
Provisions for liabilities |  | (61,937) | (74,330)
Net assets |  | 621,768 | 742,620
Capital and reserves |  |  |
Called up share capital | 11 | 85,600 | 85,600
Share premium reserve |  | 119,197 | 119,197
Retained earnings |  | 416,971 | 537,823
Shareholders' funds |  | 621,768 | 742,620

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

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Riber Products Limited

(Registration number: 07840982)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 5 September 2025 and signed on its behalf by:

......................................... Mr Daniel James Hunter Director

Riber Products Limited

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

1 | General information

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

The address of its registered office is:
Bridge Street
Clay Cross
Chesterfield
Derbyshire
S45 9NU
England

These financial statements were authorised for issue by the Board on 5 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Riber Products Limited

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

Tax

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and Buildings | 2% on cost
Office Equipment | 25% on reducing balance
Motor Vehicles | 25% on reducing balance
Pland and Machinery | 15% on reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Riber Products Limited

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

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | over their estimated useful life of four years.
Patents and licences | over their estimated useful life of seven years.
Computer software | over their estimated useful life of five years.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Riber Products Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Riber Products Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 16).

Riber Products Limited

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

4 | Intangible assets

| Trademarks, patents and licenses £ | Total £
Cost or valuation
At 1 January 2024 | 18,544 | 18,544
At 31 December 2024 | 18,544 | 18,544
Amortisation
At 1 January 2024 | 12,955 | 12,955
Amortisation charge | 2,649 | 2,649
At 31 December 2024 | 15,604 | 15,604
Carrying amount
At 31 December 2024 | 2,940 | 2,940
At 31 December 2023 | 5,589 | 5,589

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £
Cost or valuation
At 1 January 2024 | 630,556 | 45,226 | 43,575 | 865,192
Additions | - | - | - | 1,280
Disposals | - | - | - | (16,000)
At 31 December 2024 | 630,556 | 45,226 | 43,575 | 850,472
Depreciation
At 1 January 2024 | 17,785 | 35,555 | 34,872 | 489,748
Charge for the year | 12,611 | 2,418 | 2,176 | 55,855
Eliminated on disposal | - | - | - | (11,641)
At 31 December 2024 | 30,396 | 37,973 | 37,048 | 533,962
Carrying amount
At 31 December 2024 | 600,160 | 7,253 | 6,527 | 316,510
At 31 December 2023 | 612,771 | 9,671 | 8,703 | 375,444

Riber Products Limited

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

| Total £
Cost or valuation
At 1 January 2024 | 1,584,549
Additions | 1,280
Disposals | (16,000)
At 31 December 2024 | 1,569,829
Depreciation
At 1 January 2024 | 577,960
Charge for the year | 73,060
Eliminated on disposal | (11,641)
At 31 December 2024 | 639,379
Carrying amount
At 31 December 2024 | 930,450
At 31 December 2023 | 1,006,589

Included within the net book value of land and buildings above is £600,160 (2023 - £612,771) in respect of freehold land and buildings.

6 | Investment properties

| 2024 £
At 1 January | 285,000
Additions | 10,137
At 31 December | 295,137

Investment Property was valued on an open market basis on 31 December 2023 by the directors
(Original Cost £246,108)

There has been no valuation of investment property by an independent valuer.

7 | Investments

| 2024 £ | 2023 £
Investments in subsidiaries | 50 | 50

Riber Products Limited

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

Subsidiaries | £
Cost or valuation
At 1 January 2024 | 50
Provision
Carrying amount
At 31 December 2024 | 50
At 31 December 2023 | 50

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2024 | 2023
Subsidiary undertakings
Disc Golf UK Distribution Limited | England England | Ordinary A Shares | 50% | 50%

8 | Stocks

| 2024 £ | 2023 £
Other inventories | 402,026 | 431,295

9 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | 84,245 | 199,394
Amounts owed by related parties |  | 5,500 | 25,700
Other debtors |  | 1,195 | 14,193
|  | 90,940 | 239,287

Riber Products Limited

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

10 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 12 | 50,532 | 57,003
Trade creditors |  | 36,806 | 65,513
Taxation and social security |  | 8,414 | 32,044
Accruals and deferred income |  | 6,000 | 6,000
Other creditors |  | 365,724 | 354,797
|  | 467,476 | 515,357

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 12 | 612,799 | 667,129

11 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary of £1 each | 85,600 | 85,600 | 85,600 | 85,600

12 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Hire purchase contracts | 63,772 | 116,280
Other borrowings | 549,027 | 550,849
| 612,799 | 667,129

Current loans and borrowings

Riber Products Limited

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

| 2024 £ | 2023 £
Bank borrowings | - | 15,963
Hire purchase contracts | 49,088 | 41,040
Other borrowings | 1,444 | -
| 50,532 | 57,003