Rebolucion Limited
Unaudited Financial Statements
For the year ended 31 March 2023
Pages for Filing with Registrar
Company Registration No. 12500942 (England and Wales)
Rebolucion Limited
Company Information
Director
F Arrizabalaga
Company number
12500942
Registered office
6th Floor, Charlotte Building
17 Gresse Street
London
United Kingdom
W1T 1QL
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
Rebolucion Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Rebolucion Limited
Balance Sheet
As at 31 March 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,260
2,226
Current assets
Debtors
4
299,322
101,949
Cash at bank and in hand
439,257
387,024
738,579
488,973
Creditors: amounts falling due within one year
5
(738,054)
(489,350)
Net current assets/(liabilities)
525
(377)
Net assets
4,785
1,849
Capital and reserves
Called up share capital
6
125
100
Profit and loss reserves
4,660
1,749
Total equity
4,785
1,849

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 4 October 2023
F Arrizabalaga
Director
Company Registration No. 12500942
Rebolucion Limited
Notes to the Financial Statements
For the year ended 31 March 2023
Page 2
1
Accounting policies
Company information

Rebolucion Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The true director is confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. The £599,416 balance due to Reboland Corporation will not be called up in this period. Therefore, the accounts have been prepared on a going concern basis.

1.3
Turnover

Revenue is recognised in respect of productions from the point at which the company has obtained the

right to consideration in return for performance. This is considered to be when all necessary approvals

during the process of pre-production have been obtained from the commissioning agency and normally

equates to the date at which the shoot commences. No profit element is recognised until the company is

able to estimate the profit on the production reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
3 year straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Rebolucion Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2023
1
Accounting policies
(Continued)
Page 3
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
Rebolucion Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2023
Page 4
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2022
2,956
Additions
3,669
At 31 March 2023
6,625
Depreciation and impairment
At 1 April 2022
730
Depreciation charged in the year
1,635
At 31 March 2023
2,365
Carrying amount
At 31 March 2023
4,260
At 31 March 2022
2,226
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
215,461
101,106
Other debtors
125
843
Prepayments and accrued income
83,736
-
0
299,322
101,949
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
99,854
2,502
Corporation tax
1,320
712
Other taxation and social security
31,253
-
0
Other creditors
600,127
481,136
Accruals and deferred income
5,500
5,000
738,054
489,350
Rebolucion Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2023
Page 5
6
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
125
100

During the year, the company issued 25 ordinary shares at par value.

7
Related party transactions

During the year, the company made £773,133 (202 2: £475,423) of purchases from Reboland Corporation, which is a related party party by virtue of common ownership. At the year end, the balance owed to Reboland Corporation was £599,416 (202 2: £480,423).

8
Parent company

There is no ultimate controlling party.

2023-03-31 2022-04-01 false 04 October 2023 CCH Software CCH Accounts Production 2023.200 No description of principal activity F Arrizabalaga 12500942 2022-04-01 2023-03-31 12500942 bus:Director1 2022-04-01 2023-03-31 12500942 bus:RegisteredOffice 2022-04-01 2023-03-31 12500942 2023-03-31 12500942 2022-03-31 12500942 core:OtherPropertyPlantEquipment 2023-03-31 12500942 core:OtherPropertyPlantEquipment 2022-03-31 12500942 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12500942 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 12500942 core:ShareCapital 2023-03-31 12500942 core:ShareCapital 2022-03-31 12500942 core:RetainedEarningsAccumulatedLosses 2023-03-31 12500942 core:RetainedEarningsAccumulatedLosses 2022-03-31 12500942 core:FurnitureFittings 2022-04-01 2023-03-31 12500942 2021-04-01 2022-03-31 12500942 core:OtherPropertyPlantEquipment 2022-03-31 12500942 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 12500942 core:CurrentFinancialInstruments 2023-03-31 12500942 core:CurrentFinancialInstruments 2022-03-31 12500942 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12500942 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12500942 bus:FRS102 2022-04-01 2023-03-31 12500942 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12500942 bus:FullAccounts 2022-04-01 2023-03-31 xbrli:pure xbrli:shares iso4217:GBP