Rippon Publishing Management Ltd - Limited company accounts 16.1

REGISTERED NUMBER: 08830493 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2015

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

REGISTERED OFFICE:

17 Buxton Road

London

London

SW14 8SY

REGISTERED NUMBER:

08830493 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 31 December 2015.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2015 to the date of this

report.

JD Rippon

AR Andrews

Other changes in directors holding office are as follows:

JC Rippon - resigned 13 December 2015

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:

JD Rippon - Director

20 July 2016

TURNOVER

157,154

43,818

Cost of sales

2,583

-

GROSS PROFIT

154,571

43,818

Administrative expenses

66,953

30,043

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

87,618

13,775

Tax on profit on ordinary activities

3

17,861

2,821

PROFIT FOR THE FINANCIAL YEAR

69,757

10,954

FIXED ASSETS

Intangible assets

4

-

5,000

CURRENT ASSETS

Debtors

5

12,045

7,331

Cash at bank

45,398

12,634

57,443

19,965

CREDITORS

Amounts falling due within one year

6

33,632

13,911

NET CURRENT ASSETS

23,811

6,054

TOTAL ASSETS LESS CURRENT LIABILITIES

23,811

11,054

CAPITAL AND RESERVES

Called up share capital

7

100

100

Profit and loss account

8

23,711

10,954

SHAREHOLDERS' FUNDS

23,811

11,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 20 July 2016 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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:

Period

3.1.14

Year Ended

to

31.12.15

31.12.14

£

£

Directors' remuneration and other benefits etc

17,475

-

3.

TAXATION

Analysis of the tax charge

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

Period

3.1.14

Year Ended

to

31.12.15

31.12.14

£

£

Current tax:

UK corporation tax

17,861

2,821

Tax on profit on ordinary activities

17,861

2,821

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2015

5,000

Impairments

(5,000

)

At 31 December 2015

-

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

5,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

£

Trade debtors

12,045

7,331

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

£

Trade creditors

1

5,485

Taxation and social security

24,378

6,623

Other creditors

9,253

1,803

33,632

13,911

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

100

Ordinary Shares

£100

100

100

8.

RESERVES

Profit

and loss

account

£

At 1 January 2015

10,954

Profit for the year

69,757

Dividends

(57,000

)

At 31 December 2015

23,711

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2015 and the

period ended 31 December 2014:

31.12.15

31.12.14

£

£

JD Rippon

Balance outstanding at start of year

(1,803

)

-

Amounts advanced

31,850

-

Amounts repaid

(39,239

)

(1,803

)

Balance outstanding at end of year

(9,192

)

(1,803

)

JC Rippon

Balance outstanding at start of year

-

-

Amounts advanced

28,500

-

Amounts repaid

(28,500

)

-

Balance outstanding at end of year

-

-

10.	ULTIMATE CONTROLLING PARTY

The controlling party is JD Rippon.