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Ritual Bars Limited

14609490

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

20 HAVELOCK ROAD, HASTINGS, TN34 1BP
Incorporated 23/01/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56302
Public houses and bars

Officers

Mr Ruairi Joseph Myers

director · Since 23/01/2023

DIRECTOR

IRISH · ENGLAND · Age 53

Also on 9 other boards

Persons with Significant Control

Mr Ruairi Joseph Myers

25–50% shares
25–50% votes

Irish · England · Age 53

20 Havelock Road, Hastings, TN34 1BP

Notified 23/01/2023

Mrs Hannah Rowena Exley-Myers

25–50% shares
25–50% votes

British · England · Age 47

20 Havelock Road, Hastings, TN34 1BP

Notified 13/02/2023

CompanyRankvs 13643+ SIC 56302 peers
32

Financial strength43th percentile among SIC peers · 11/25
Employees72th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.31× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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13643Ritual Bars Limited
42
How is this score calculated?
Financial strength11/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity3/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The director has made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting. Turnover Turnover is measured at the fair value of the consid

Key FinancialsYear ending 31/03/2026

Net Worth

£100

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£43k

Working capital

Current Assets

£19k

Current Liabilities

£62k

Fixed Assets

£48k

Debtors

£13k

10avg. employees+10

Balance Sheet

Assets less current liabilities£5k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20260.31
20250.25

Derived from filed accounts. Not audited figures.