Reputation Squad Ltd Company Accounts

REPUTATION SQUAD LTD - Company Information

false false false false false false false false false true false false true true true true true true No description of principal activity 2016-01-01 Sage Accounts Production Advanced 2017 Update 2 - FRS 456 114 152 266 190 342 xbrli:pure xbrli:shares iso4217:GBP 09265948 2016-01-01 2016-12-31 09265948 2016-12-31 09265948 2015-12-31 09265948 2014-12-15 2015-12-31 09265948 2015-12-31 09265948 bus:RegisteredOffice 2016-01-01 2016-12-31 09265948 bus:Director1 2016-01-01 2016-12-31 09265948 bus:Director2 2016-01-01 2016-12-31 09265948 bus:CompanySecretary1 2016-01-01 2016-12-31 09265948 core:WithinOneYear 2016-12-31 09265948 core:WithinOneYear 2015-12-31 09265948 core:ShareCapital 2014-12-15 2015-12-31 09265948 core:RetainedEarningsAccumulatedLosses 2014-12-15 2015-12-31 09265948 core:RetainedEarningsAccumulatedLosses 2016-01-01 2016-12-31 09265948 core:ShareCapital 2016-12-31 09265948 core:ShareCapital 2015-12-31 09265948 core:RetainedEarningsAccumulatedLosses 2016-12-31 09265948 core:RetainedEarningsAccumulatedLosses 2015-12-31 09265948 core:RestatedAmount 2015-12-31 09265948 bus:FRS102 2016-01-01 2016-12-31 09265948 bus:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 09265948 bus:FullAccounts 2016-01-01 2016-12-31 09265948 bus:SmallCompaniesRegimeForAccounts 2016-01-01 2016-12-31 09265948 bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 09265948 core:OfficeEquipment 2016-12-31 09265948 core:OfficeEquipment 2015-12-31 09265948 core:OfficeEquipment 2016-01-01 2016-12-31

COMPANY REGISTRATION NUMBER: 09265948

REPUTATION SQUAD LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2016

REPUTATION SQUAD LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2016

Contents	Pages

Officers and professional advisers	1

Statement of financial position	2

Statement of changes in equity	3

Notes to the financial statements	4 to 6

REPUTATION SQUAD LTD

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	A J Guigou
	F B Ivara

Company secretary	Hanover Secretaries Limited

Registered office	Chambre De Commerce Francaise De Grande-Bretagne
	Lincoln House
	300 High Holborn
	London
	WC1V 7JH

REPUTATION SQUAD LTD

STATEMENT OF FINANCIAL POSITION

31 December 2016

	2016		2015
Note	£	£	£	£

Fixed assets

Tangible assets	5		190		342

Current assets

Debtors	6	48,089	13,885
Cash at bank and in hand		34,550	27,562
		--------	--------
		82,639	41,447

Creditors: amounts falling due within one year	7	( 123,027)		( 99,961)
		---------		--------
Net current liabilities			( 40,388)		( 58,514)
			--------		--------
Total assets less current liabilities			( 40,198)		( 58,172)
			--------		--------
Net liabilities			( 40,198)		( 58,172)
			--------		--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 40,298)	( 58,272)
	--------	--------
Members deficit	( 40,198)	( 58,172)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 25 September 2017 , and are signed on behalf of the board by:

A J Guigou

Director

Company registration number: 09265948

REPUTATION SQUAD LTD

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 DECEMBER 2016

	Called up share capital	Profit and loss account	Total
	£	£	£
At 15 December 2014	–	–	–

Loss for the year		( 58,272)	( 58,272)
	----	--------	--------
Total comprehensive income for the year	–	( 58,272)	( 58,272)

Issue of shares	100	–	100
	----	--------	--------
Total investments by and distributions to owners	100	–	100

At 31 December 2015	100	( 58,272)	( 58,172)

Profit for the year		17,974	17,974
	----	--------	--------
Total comprehensive income for the year	–	17,974	17,974

	----	--------	--------
At 31 December 2016	100	( 40,298)	( 40,198)
	----	--------	--------

REPUTATION SQUAD LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chambre De Commerce Francaise De Grande-Bretagne, Lincoln House, 300 High Holborn, London, WC1V 7JH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The continuation of the company's activities are dependent upon the continued financial support of its parent company, Reputation Squad SAS.

The directors are therefore of the opinion that is it is appropriate to prepare the financial statements on the going concern basis.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 15 December 2014. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. No cash flow statement has been presented for the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2015: 3 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 January 2016 and 31 December 2016	456	456
	----	----
Depreciation
At 1 January 2016	114	114
Charge for the year	152	152
	----	----
At 31 December 2016	266	266
	----	----
Carrying amount
At 31 December 2016	190	190
	----	----
At 31 December 2015	342	342
	----	----

6. Debtors

	2016	2015
	£	£
Trade debtors	33,381	1,400
Other debtors	14,708	12,485
	--------	--------
	48,089	13,885
	--------	--------

7. Creditors: amounts falling due within one year

	2016	2015
	£	£
Trade creditors	13,346	9,550
Amounts owed to group undertakings and undertakings in which the company has a participating interest	101,587	67,764
Social security and other taxes	1,391	992
Other creditors	6,703	21,655
	---------	--------
	123,027	99,961
	---------	--------

8. Related party transactions

At the balance sheet date the company owed its parent company, Reputation Squad SAS, £101,587 (2015: £67,764). This amount is interest free and repayable on demand.

9. Controlling party

The company is a 100% subsidiary of Reputation Squad SAS, a company incorporated in France. Ultimate control of the company is unknown.

10. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 15 December 2014.

No transitional adjustments were required in equity or profit or loss for the period.