REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
for the Period 18 January 2022 to 31 December 2022 |
for |
RPS IP Holdings Ltd |
REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
for the Period 18 January 2022 to 31 December 2022 |
for |
RPS IP Holdings Ltd |
RPS IP Holdings Ltd (Registered number: 13855739) |
Contents of the Financial Statements |
for the Period 18 January 2022 to 31 December 2022 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Other Comprehensive Income | 4 |
Balance Sheet | 5 |
Statement of Changes in Equity | 6 |
Notes to the Financial Statements | 7 |
RPS IP Holdings Ltd |
Company Information |
for the Period 18 January 2022 to 31 December 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
RPS IP Holdings Ltd (Registered number: 13855739) |
Report of the Directors |
for the Period 18 January 2022 to 31 December 2022 |
The directors present their report with the financial statements of the company for the period 18 January 2022 to 31 December 2022. |
INCORPORATION |
The company was incorporated on 18 January 2022 . |
DIRECTORS |
The directors who have held office during the period from 18 January 2022 to the date of this report are as follows: |
All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
RPS IP Holdings Ltd (Registered number: 13855739) |
Income Statement |
for the Period 18 January 2022 to 31 December 2022 |
Notes | £ |
TURNOVER |
Administrative expenses |
(110,833 | ) |
Gain/loss on revaluation of investments | (62,007 | ) |
OPERATING LOSS and |
LOSS BEFORE TAXATION | 4 | ( |
) |
Tax on loss | 5 |
LOSS FOR THE FINANCIAL PERIOD |
( |
) |
RPS IP Holdings Ltd (Registered number: 13855739) |
Other Comprehensive Income |
for the Period 18 January 2022 to 31 December 2022 |
Notes | £ |
LOSS FOR THE PERIOD | ( |
) |
OTHER COMPREHENSIVE INCOME | - |
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD |
( |
) |
RPS IP Holdings Ltd (Registered number: 13855739) |
Balance Sheet |
31 December 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Investments | 6 |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Capital Contribution |
Retained earnings | 9 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
RPS IP Holdings Ltd (Registered number: 13855739) |
Statement of Changes in Equity |
for the Period 18 January 2022 to 31 December 2022 |
Called up |
share | Retained | Capital | Total |
capital | earnings | Contribution | equity |
£ | £ | £ | £ |
Changes in equity |
Issue of share capital | - | - |
Total comprehensive income | - | ( |
) | - | ( |
) |
Capital Contribution | - | - | 172,479 | 172,479 |
Balance at 31 December 2022 | ( |
) | ( |
) |
RPS IP Holdings Ltd (Registered number: 13855739) |
Notes to the Financial Statements |
for the Period 18 January 2022 to 31 December 2022 |
1. | Statutory information |
RPS IP Holdings Ltd is a |
2. | Accounting policies |
Basis of preparation |
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework": |
• | the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment; |
• | the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations; |
• | the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued Operations; |
• | the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources; |
• | the requirements of IFRS 7 Financial Instruments: Disclosures; |
• | the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement; |
• | the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases; |
the requirements of paragraph 58 of IFRS 16; |
• | the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers; |
• | the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of: |
- | paragraph 79(a)(iv) of IAS 1; |
- | paragraph 73(e) of IAS 16 Property, Plant and Equipment; |
- | paragraph 118(e) of IAS 38 Intangible Assets; |
- | paragraphs 76 and 79(d) of IAS 40 Investment Property; and |
- | paragraph 50 of IAS 41 Agriculture; |
• | the requirements of paragraphs 10(d), 10)(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D and 111 of IAS 1 Presentation of Financial Statements; |
• | the requirements of paragraphs 134 to 136 of IAS 1 Presentation of Financial Statements; |
• | the requirements of IAS 7 Statement of Cash Flows; |
• | the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors; |
• | the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures; |
• | the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group; |
• | the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets. |
Taxation |
Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date. |
RPS IP Holdings Ltd (Registered number: 13855739) |
Notes to the Financial Statements - continued |
for the Period 18 January 2022 to 31 December 2022 |
3. | Employees and directors |
There were no staff costs for the period ended 31 December 2022. |
The average number of employees during the period was NIL. |
£ |
Directors' remuneration |
4. | Loss before taxation |
The loss before taxation is stated after charging: |
£ |
Gain/loss on revaluation of investments | 62,007 |
Admin expenses | 110,833 |
5. | Taxation |
Analysis of tax expense |
No liability to UK corporation tax arose for the period. |
6. | Current asset investments |
Acquisition of the assets of Radio Physics Solutions Ltd | £ |
Capital consideration from parent company | 35,002 |
Cash consideration | 27,006 |
Gain/loss on revaluation of investments | (62,007 | ) |
Net realised value of investment at the year end | 1 |
RPS IP Holdings Ltd has acquired the assets, title and IP rights of Radio Physics Solutions Ltd on 20 January 2022 at a consideration of £62,008. The value of this investment at the end of the year is written down to £1. |
Radio Physics Solutions Ltd, registered at Charlotte House Stanier Way, The Wyvern Business Park, Derby, DE21 6BF went into an administration on 3 November 2022, and was ultimately dissolved on 27 January 2023. |
7. | Creditors: amounts falling due within one year |
£ |
Trade creditors |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary Shares | 0.01 | 10 |
RPS IP Holdings Ltd (Registered number: 13855739) |
Notes to the Financial Statements - continued |
for the Period 18 January 2022 to 31 December 2022 |
9. | Reserves |
Retained | Capital |
earnings | Contribution | Totals |
£ | £ | £ |
Deficit for the period | ( |
) | ( |
) |
Capital Contribution | - | 172,479 | 172,479 |
At 31 December 2022 | ( |
) | (361 | ) |
10. | Parent and ultimate controlling party |
As at 31 December 2022, Grapevine Holdings LLC, registered at 94 Solaris Avenue, Camana Bay, PO Box 1348, Grand Cayman KY1-1108, Cayman Islands is the immediate parent undertaking owning 100% of the ordinary shares. |
The ultimate owner of the group is Cran Global Limited, a company registered at Wickham's Cay, PO Box 956, Road Town, Tortola, British Virgin Islands. |