RIFT Group Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

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

RIFT Group Limited

Balance Sheet (continued)

As at 31 December 2018

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

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

RIFT Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2018

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.