Prip Cloud Limited - Accounts to registrar (filleted) - small 18.2

Prip Cloud Limited - Accounts to registrar (filleted) - small 18.2

CASPERAKI HOLDINGS (U.K.) LIMITED - Company Information

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REGISTERED NUMBER: 08265023 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

PRIP CLOUD LIMITED
PRIP CLOUD LIMITED (REGISTERED NUMBER: 08265023)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

PRIP CLOUD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTOR: M Strasser





SECRETARY: M Strasser





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 08265023 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP
Page 1
PRIP CLOUD LIMITED (REGISTERED NUMBER: 08265023)

BALANCE SHEET
31 DECEMBER 2019

31.12.19 31.12.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 55,641
Investment property 5 1,546,410 1,471,410
1,546,410 1,527,051

CURRENT ASSETS
Stocks 260,000 481,000
Debtors 6 459,786 94,043
Cash at bank 941,489 503,216
1,661,275 1,078,259
CREDITORS
Amounts falling due within one year 7 1,451,484 1,364,829
NET CURRENT ASSETS/(LIABILITIES) 209,791 (286,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,756,201
1,240,481

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 1,755,201 1,239,481
SHAREHOLDERS' FUNDS 1,756,201 1,240,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2020 and were signed by:





M Strasser - Director


The notes form part of these financial statements

Page 2
PRIP CLOUD LIMITED (REGISTERED NUMBER: 08265023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

Prip Cloud Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The directors have 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 consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value will be transferred to a revaluation reserve.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2019 63,000
Reclassification/transfer (63,000 )
At 31 December 2019 -
DEPRECIATION
At 1 January 2019 7,359
Charge for year 1,260
Charge written back (8,619 )
At 31 December 2019 -
NET BOOK VALUE
At 31 December 2019 -
At 31 December 2018 55,641

Page 3 continued...
PRIP CLOUD LIMITED (REGISTERED NUMBER: 08265023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2019 1,471,410
Revaluations 12,000
Reclassification/transfer 63,000
At 31 December 2019 1,546,410
NET BOOK VALUE
At 31 December 2019 1,546,410
At 31 December 2018 1,471,410

The investment property includes:
£1,471,410 for a leasehold that expires on 28 December 2261 for an apartment at 10 Park Drive, Canary Wharf, E14
£75,000 flat in Vienna which has been reclassified from freehold property to investment property.

Fair value at 31 December 2019 is represented by:

£   
Valuation in 2019 12,000
Cost 1,534,410
1,546,410

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade debtors 336,130 -
Amounts owed by associates 1,656 3,266
1 in 360 Limited - 90,777
Punica D.O.O (Croatia) 122,000 -
459,786 94,043

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade creditors 3,492 5,628
Tax 137,727 122,630
VAT 72,096 7,040
Other creditors 1,176,000 1,176,000
Transparitrade Limited 15,000 15,000
Directors' current accounts 43,920 35,280
Accrued expenses 3,249 3,251
1,451,484 1,364,829

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.19 31.12.18
value: £    £   
1,000 Ordinary 1 1,000 1,000

Page 4 continued...
PRIP CLOUD LIMITED (REGISTERED NUMBER: 08265023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

9. RELATED PARTY DISCLOSURES

M Strasser is the sole share holder and has complete control of the company. At the period end, M Strasser was owed £43,920 from the company (2018: £35,280). There are no terms attached to this loan.

During the year the company provided services totalling £731,600 (2018 £649,200) to Wallstreetdocs Limited, a company connected by virtue of having M Strasser as a common director. At the year-end £597,786 (2018 £484,255) was due from Wallstreetdocs Limited.

During the year a loan of £90,777 to 1 in 360 Limited, a company connected by virtue of having M Strasser as a common director, was written off.

At the year-end £15,000 (2018: £15,000) was due to Transparitrade Limited, a company connected by virtue of having M Strasser as a common director, in respect of the loans advance.

At the year-end £122,000 is owed by Punica D.O.O (Croatia) a company connected by virtue of having M Strasser as a common director, in respect of the loans advance.

10. POST BALANCE SHEET EVENTS

The company did not complete the contract to acquire the investment property at Canary Wharf, E14. The company's interest in the property was transferred to M. Strasser, the director, who exchanged contracts on 8 June 2020 with completion on 15 July 2020. M. Strasser has raised a loan with the company for £1.6m to finance the purchase.

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PRIP CLOUD LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prip Cloud Limited for the year ended 31 December 2019 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Prip Cloud Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prip Cloud Limited and state those matters that we have agreed to state to the director of Prip Cloud Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prip Cloud Limited and its director for our work or for this report.

It is your duty to ensure that Prip Cloud Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prip Cloud Limited. You consider that Prip Cloud Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Prip Cloud Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


23 December 2020

This page does not form part of the statutory financial statements

Page 6