Rippon Publishing Management Ltd - Limited company accounts 11.7

REGISTERED NUMBER: 08830493 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Period 3 January 2014 to 31 December 2014

for

Rippon Publishing Management Ltd

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

JD Rippon

AR Andrews

JC Rippon

REGISTERED OFFICE:

17 Buxton Road

London

SW14 8SY

REGISTERED NUMBER:

08830493 (England and Wales)

The directors present their report with the financial statements of the company for the period 3 January 2014 to 31 December 2014.

INCORPORATION

The company was incorporated on 3 January 2014 and commenced trading on the same date.

DIRECTORS

The directors who have held office during the period from 3 January 2014 to the date of this report are as follows:

JD Rippon - appointed 3 January 2014

AR Andrews - appointed 11 September 2014

JC Rippon - appointed 13 December 2014

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

JD Rippon - Director

20 May 2015

TURNOVER

43,818

Administrative expenses

30,043

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

13,775

Tax on profit on ordinary activities

3

2,821

PROFIT FOR THE FINANCIAL PERIOD

10,954

FIXED ASSETS

Intangible assets

4

5,000

CURRENT ASSETS

Debtors

5

7,331

Cash at bank

12,634

19,965

CREDITORS

Amounts falling due within one year

6

13,911

NET CURRENT ASSETS

6,054

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,054

CAPITAL AND RESERVES

Called up share capital

7

100

Profit and loss account

8

10,954

SHAREHOLDERS' FUNDS

11,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 20 May 2015 and were signed on its behalf by:

JD Rippon - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of two years.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	OPERATING PROFIT

The operating profit is stated after charging:

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the period was as follows:

£

Current tax:

UK corporation tax

2,821

Tax on profit on ordinary activities

2,821

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

10,000

Impairments

(5,000

)

At 31 December 2014

5,000

NET BOOK VALUE

At 31 December 2014

5,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

7,331

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

5,485

Taxation and social security

6,623

Other creditors

1,803

13,911

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary Shares

£100

100

100 Ordinary Shares shares of £100 were issued during the period for cash of £ 100 .

8.

RESERVES

Profit

and loss

account

£

Profit for the period

10,954

At 31 December 2014

10,954