RITZ PRODUCTS (U.K.) LIMITED

1. RITZ PRODUCTS (U.K.) LIMITED 1985-08-16 → present
2. NESTCHARM LIMITED 1985-06-18 → 1985-08-16

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors confirm they have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the signing of these financial statements. This confirmation is made after reviewing the assumptions about the future trading performance, expenditure and positive cash balance at the end of forecasted period. The Directors have also considered the potential risks and uncertainties in the business, credit, market, liquidity risks. Further stress testing has been carried out to ensure that the company has sufficient cash resources to continue to operate for the foreseeable future and to meet their obligations as they fall due for a period of at least 12 months from the date of signing of the financial statements for the year ended 31 December 2024. The stress testing considers a severe but plausible downside scenario with materially reduced cash receipts from book royalties over the next 12 months however the company is still in a cash positive position at the end of the period. Based on the circumstances described above and the supporting calculations, the Directors are confident that all potential risks and uncertainties have been considered, together with the availability of funds hence the financial statements are prepared on the assumption that the entity is a going concern.”

Significant events

• “The company's principal activity has been the generation of royalty income from champagne sales bearing the "Ritz" mark and book sales. In 2023 it also consisted of income as per the champagne fee agreement to cover for the minimum amount of sale of champagne annually with contracted parties.”
• “The turnover was 66% lower than previous year. This was primarily due to the expiration of agreement in relation to champagne fee in 2023, which accounted for 52% of the total turnover that year. Consequently, no champagne fee income was recorded in 2024 (2023: £30.9k).”
• “The company's primary source of turnover has been the royalty income generated from champagne sales under a licensing agreement. This agreement came to an end on 31 December 2024. Given the champagne royalty income accounted for majority of the company's turnover in 2024, the directors are actively reviewing existing agreements and exploring other opportunities to support the company's future development.”
• “The directors do not recommend the payment of a dividend for the year (2023: Nil).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -66.1%

  £59,637 → £20,237

• Cash

  +13.2%

  £438,257 → £495,913

• Net assets

  +0.5%

  £501,091 → £503,561

• Employees

  —

  Not reported

• Operating profit

  -91.8%

  £30,195 → £2,464

• Profit before tax

  -91.8%

  £30,195 → £2,470

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers