Revpie Limited
Revpie Limited
Registered number: 01272039
Unaudited Financial Statements
For The Year Ended 31 December 2017
EH Taylors
203 London Road
Hadleigh
Benfleet
Essex
SS7 2RD
Revpie Limited
Unaudited Financial Statements
For The Year Ended 31 December 2017
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Revpie Limited
Balance Sheet
As at
31 December 2017
Balance Sheet
Registered number:
01272039
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 December 2017 | Period to 31 December 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| Investments | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 7 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 8 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Other reserves |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 541,032 | 541,024 | |||
Page 1
Revpie Limited
Balance Sheet (continued)
As at
31 December 2017
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
Revpie Limited
Notes to the Financial Statements
For The Year Ended 31 December 2017
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
1.4.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
Deferred tax is provided on fair value adjustments to the investment properties through the profit and loss account.
1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
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Revpie Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2017
3.
Tangible Assets
| Investment Properties | |
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| £ | |
| Cost | |
| As at |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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The investment properties were revalued by the director on 31 December 2016. The director is not aware of any material change in value since the date of valuation.
The historical cost of the investment properties was £687,946.
4.
Investments
| Other | |
|---|---|
| £ | |
| Cost | |
| As at |
301 |
| As at |
301 |
| Provision | |
| As at |
- |
| As at |
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| Net Book Value | |
| As at |
301 |
| As at |
301 |
Page 4
Revpie Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2017
5.
Debtors
| 31 December 2017 | Period to 31 December 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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| Amounts owed by group undertakings |
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6.
Creditors: Amounts Falling Due Within One Year
| 31 December 2017 | Period to 31 December 2016 | ||
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| £ | £ | ||
| Bank loans and overdrafts |
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| VAT |
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| Accruals and deferred income |
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7.
Creditors: Amounts Falling Due After More Than One Year
| 31 December 2017 | Period to 31 December 2016 | ||
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| £ | £ | ||
| Bank loans |
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The bank borrowings are secured by a debenture held by the the bank over Revpie Limited and Grange Marketing (UK) Limited, by a freehold 1st legal charge held by the bank over Units 4, 5 and 7 Honywood Business Park, Honywood Road, Basildon, Essex, and by guarantees for £270,000 by Grange Marketing (UK) Limited.
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Revpie Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2017
8.
Deferred Taxation
The provision for deferred taxation is on the fair value adjustment.
| 31 December 2017 | Period to 31 December 2016 | ||
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| £ | £ | ||
| Deferred tax |
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10.
Related Party Transactions
11.
Ultimate Controlling Party
The company's ultimate controlling party is Mr Mark Rogers by virtue of his ownership of 46.33% of the issued share capital in the company.
12.
Profit and loss reserve
This shows the retained distributable profits of the company.
Fair value reserve
This contains the fair value adjustments net of deferred tax.
13.
General Information
Revpie Limited Registered number 01272039 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 4, Honywood Road, Basildon, Essex, SS14 3HW.
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