RVP Technologies Limited - Limited company accounts 20.1

REGISTERED NUMBER: 04563847 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

FOR

RVP TECHNOLOGIES LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income Statement

4

Statement of Financial Position

5

Notes to the Financial Statements

6

DIRECTORS:

A F Phillips

B R Tudhope

SECRETARY:

Exceed Cosec Services Limited

REGISTERED OFFICE:

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

REGISTERED NUMBER:

04563847 (England and Wales)

ACCOUNTANTS:

Exceed Accountants Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

The directors present their report with the financial statements of the company for the year ended 31st December 2020.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of investment holdings.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2020 to the date of this report.

A F Phillips

B R Tudhope

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A F Phillips - Director

16th July 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RVP Technologies Limited for the year ended 31st December 2020 which comprise the Income Statement, Statement of Financial Position 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 Board of Directors of RVP Technologies Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RVP Technologies Limited and state those matters that we have agreed to state to the Board of Directors of RVP Technologies Limited, as a body, 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 RVP Technologies Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RVP Technologies 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 loss of RVP Technologies Limited. You consider that RVP Technologies 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 RVP Technologies 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.

Exceed Accountants Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

16th July 2021

REVENUE

-

-

Administrative expenses

2,702

35,240

(2,702

)

(35,240

)

Other operating income

(387,147

)

(1,908,630

)

OPERATING LOSS

(389,849

)

(1,943,870

)

Income from fixed asset investments

-

128,000

Interest receivable and similar income

-

63

-

128,063

LOSS BEFORE TAXATION

(389,849

)

(1,815,807

)

Tax on loss

4

-

-

LOSS FOR THE FINANCIAL YEAR

(389,849

)

(1,815,807

)

FIXED ASSETS

Investments

5

238,535

745,997

CREDITORS

Amounts falling due within one year

6

12,668

9,966

NET CURRENT LIABILITIES

(12,668

)

(9,966

)

TOTAL ASSETS LESS CURRENT LIABILITIES

225,867

736,031

CAPITAL AND RESERVES

Called up share capital

7

115

115

Revaluation Reserve

8

-

120,315

Retained earnings

8

225,752

615,601

SHAREHOLDERS' FUNDS

225,867

736,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 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 provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 16th July 2021 and were signed on its behalf by:

A F Phillips - Director

1.	STATUTORY INFORMATION

RVP Technologies 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised as market value.

Foreign currencies

Transactions in foreign currencies are translated into USD at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.

TAXATION

The company has assessed losses carried forward of $228,713 to be utilised against future profits.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

$

COST OR VALUATION

At 1st January 2020

745,997

Revaluations

(507,462

)

At 31st December 2020

238,535

NET BOOK VALUE

At 31st December 2020

238,535

At 31st December 2019

745,997

Cost or valuation at 31st December 2020 is represented by:

Shares in

group

undertaking

$

Valuation in 2015

4,295,986

Valuation in 2016

(1,368,387

)

Valuation in 2017

(898,653

)

Valuation in 2018

(1,828,794

)

Valuation in 2019

(100,302

)

Valuation in 2020

(507,462

)

Cost

646,147

238,535

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

V.A.F Sudamerica S.A

Registered office: Chile

Nature of business: Filtration of wine and related services

%

Class of shares:

holding

No Par Value Shares

100.00

2020

2019

$

$

Aggregate capital and reserves

238,535

745,997

Loss for the year

(182,777

)

(353,307

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

$

$

Trade creditors

10,469

7,966

Accruals and deferred income

2,199

2,000

12,668

9,966

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

$

$

90

Ordinary £ 1 Shares

£1

115

115

8.

RESERVES

Retained

Revaluation

earnings

Reserve

Totals

$

$

$

At 1st January 2020

615,601

120,315

735,916

Deficit for the year

(389,849

)

(389,849

)

Revaluation Reserve

-

(120,315

)

(120,315

)

At 31st December 2020

225,752

-

225,752

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by its director.