Redcom Corporation Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09540595 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2017 TO 30 DECEMBER 2017

FOR

REDCOM CORPORATION LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

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

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 period ended 30 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2017 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 8 October 2018 and were signed by:

Ms Patricia Ann Petrou AICB CB.Cert PM - Director

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.

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 period 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 period 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.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

€

COST

At 1 January 2017

and 30 December 2017

8,800

NET BOOK VALUE

At 30 December 2017

8,800

At 31 December 2016

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

31.12.17

31.12.16

€

€

Aggregate capital and reserves

51,968

25,094

Profit for the year

26,875

16,413

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

€

€

Shareholders' loan

8,800

8,800

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

€

€

1,000

Ordinary

€1

1,000

1,000

6.

RESERVES

Retained

earnings

€

Profit for the period

-

At 30 December 2017

-

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.