Redcom Corporation Ltd - Accounts to registrar - small 17.2

Redcom Corporation Ltd - Accounts to registrar - small 17.2

ALEPH INVEST LTD - Company Information

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REGISTERED NUMBER: 09540595 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

REDCOM CORPORATION LTD

REDCOM CORPORATION LTD (REGISTERED NUMBER: 09540595)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


REDCOM CORPORATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: Ms Patricia Ann Petrou AICB CB.Cert PM





REGISTERED OFFICE: c/o Michael Filiou Plc
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 09540595 (England and Wales)





ACCOUNTANTS: Michael Filiou Plc
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS
Page 1
REDCOM CORPORATION LTD (REGISTERED NUMBER: 09540595)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2016

2016 2015
Notes €    €    €    €   
FIXED ASSETS
Investments 3 8,800 8,800

CURRENT ASSETS
Cash in hand 1,000 1,000

CREDITORS
Amounts falling due within one year 4 8,800 8,800
NET CURRENT LIABILITIES (7,800 ) (7,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,000
1,000

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
SHAREHOLDERS' FUNDS 1,000 1,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 14 September 2017 and were signed by:





Ms Patricia Ann Petrou AICB CB.Cert PM - Director


The notes form part of these financial statements

Page 2
REDCOM CORPORATION LTD (REGISTERED NUMBER: 09540595)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Redcom Corporation Ltd 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.

The presentation currency of the financial statements is the Euro (€).

2. ACCOUNTING POLICIES

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

These financial statements for the year ended 31 December 2016 is the first financial statements of Redcom
Corporation Ltd that comply with FRS102. The date of transition to FRS 102 is 14 April 2015.

The transition to FRS 102 has not resulted in any changes in accounting policies compared to those used
previously.

Going concern
The balance sheet shows net current liabilities of £7,800. The financial statements have been prepared on a going
concern basis because the directors have confirmed their continued support.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the statement
of financial position date. Transactions in foreign currencies are translated into Euro at the rate of exchange
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 3 continued...
REDCOM CORPORATION LTD (REGISTERED NUMBER: 09540595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
€   
COST
At 1 January 2016
and 31 December 2016 8,800
NET BOOK VALUE
At 31 December 2016 8,800
At 31 December 2015 8,800

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

CIP3 Srl
Registered office: Italy
Nature of business: Commercial printing
%
Class of shares: holding
Ordinary 80.00
31.12.16 31.12.15
€    €   
Aggregate capital and reserves 25,094 8,681
Profit/(loss) for the year 16,413 (1,319 )

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
€    €   
Shareholders' loan 8,800 8,800

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: €    €   
1,000 Ordinary €1 1,000 1,000

6. RESERVES
Retained
earnings
€   

Profit for the year -
At 31 December 2016 -

Page 4 continued...
REDCOM CORPORATION LTD (REGISTERED NUMBER: 09540595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Laura Garoglio.

The controlling party is Mrs Laura Garoglio by virtue of the fact that he holds 60% of the issued share capital of
the company.

Page 5