RIFT Group Limited


Acorah Software Products - Accounts Production10.1.044false1 January 201831 December 201831 December 201808986266Miss Jane DohertyMr Kieran BroganMr Andrew PostMs Janette PostMr Dermot KennedyGavandol 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Registered number: 08986266
RIFT Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2018
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Balance Sheet
Registered number: 08986266
2018 2017
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 2 2 2
Investments 3 300 300
302 302
CURRENT ASSETS
Debtors 4 6,566 6,566
Cash at bank and in hand - 957
6,566 7,523
Creditors: Amounts Falling Due Within One Year 5 (13,363) (13,439)
NET CURRENT ASSETS (LIABILITIES) (6,797) (5,916)
TOTAL ASSETS LESS CURRENT LIABILITIES (6,495) (5,614)
NET ASSETS (6,495) (5,614)
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (6,595) (5,714)
SHAREHOLDERS' FUNDS (6,495) (5,614)
Page 1
For the year ending 31 December 2018 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 in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
  • The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dermot Kennedy
30/09/2019

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are reviewed at the end of each accounting period and any changes in value are debited through the Profit & Loss Account.
2. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2018 2
As at 31 December 2018 2
Net Book Value
As at 31 December 2018 2
As at 1 January 2018 2
3. Investments
Unlisted
£
Cost
As at 1 January 2018 300
As at 31 December 2018 300
Provision
As at 1 January 2018 -
As at 31 December 2018 -
Net Book Value
As at 31 December 2018 300
As at 1 January 2018 300
Page 3
4. Debtors
2018 2017
£ £
Due within one year
Called up share capital not paid 100 100
Amounts owed by subsidiaries 6,466 6,466
6,566 6,566
5. Creditors: Amounts Falling Due Within One Year
2018 2017
£ £
Amounts owed to related parties 13,363 13,439
13,363 13,439
6. Share Capital
2018 2017
Call Up Share Capital not Paid 100 100
Amount of Allotted, Call Up Share Capital 100 100
7. General Information
RIFT Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08986266. The registered office is 200 Eureka Park, Upper Pemberton, Ashford, Kent, TN25 4AZ.
Page 4