for the Period Ended 31 December 2020
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2020
Principal activities of the company
Additional information
Since 2020, the Company has stopped operating in its original Business Model and Business Plan and has become a dormant holding of Assets.During the period between 2020 to 2023, the Company and its Directors have ceased to have any direct control over the various companies owned and none of the Right of Reply Directors has any roles in the subsidiaries.For the above reasons, the Right of Reply Board of Directors has then chosen not to consolidate the yearly Financials of the Companies owned at more than 50%, so the Financials of The Reputation Exchange Plc and Bss-One.All the stakes and subsidiaries of the company will be then reported at fair market value.Right of Reply PLC, is owning 3 stakes in 3 operating companies:2’246’000 shares of The Reputation Exchange PLC, representing 68% of Right of Reply PLC (REPX) shareholder equity. Repx is listed on the Cyprus Stock Exchange at a price of 11.25 Euro per share. On a prudent stance, Right of Reply’s BoD has decided to use a price of 2.25 euro per shares, that represents the price used by Repx on a recent option deal offered only to the existing shareholder in February 2023. A mandate to sell at 2.25 has been signed with an international advisory company.50,1% of BSS- One, a Romanian software company, with a market value of at least 500’000 for the entire share capital.10% of The Fools, an Italian data company, with a market value of at least 1 Mio for the entire share capitalAs mayor liability there is an unpaid nominal bond of 650,000 euros, that has expired, running since 2019 at a cumulative interest of 7%. A provision of 200,000 euros for potential negative changes has been introduced.Right of Reply Financial since this year will be issued in Euro and not in USD as in the past.This report was approved by the board and signed on its behalf.
Directors
The directors shown below have held office during the whole of the period from
1 January 2020 to 31 December 2020
Secretary
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Secretary
for the Period Ended
2020 | 18 months to 31 December 2019 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | | |
Gross profit(or loss): | | |
Distribution costs: | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | ( | ( |
Interest receivable and similar income: | | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before tax: | ( | ( |
Profit(or loss) for the financial year: | ( | ( |
As at
Notes | 2020 | 18 months to 31 December 2019 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Intangible assets: | 3 | | |
Tangible assets: | | | |
Investments: | 4 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Investments: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | | | |
Provision for liabilities: | ( | | |
Accruals and deferred income: | | | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Share premium account: | | | |
Other reserves: | | ( | |
Profit and loss account: | | ( | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2020
Basis of measurement and preparation
Valuation information and policy
for the Period Ended 31 December 2020
2020 | 18 months to 31 December 2019 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 December 2020
Goodwill | Other | Total | |
---|---|---|---|
Cost | £ | £ | £ |
At 1 January 2020 | | | |
Additions | | | |
Disposals | ( | | ( |
Revaluations | | | |
Transfers | | | |
At 31 December 2020 | | | |
Amortisation | |||
At 1 January 2020 | | | |
Charge for year | | | |
On disposals | | | |
Other adjustments | | | |
At 31 December 2020 | | | |
Net book value | |||
At 31 December 2020 | | | |
At 31 December 2019 | | | |
for the Period Ended 31 December 2020
The Company has 3 stakes2'460'000 The Reputation exchange shares50,1% of BSS-One shares10% of The Fool shares
for the Period Ended 31 December 2020
2020 | 18 months to 31 December 2019 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
Debtors due after more than one year: | | |
for the Period Ended 31 December 2020
2020 | 18 months to 31 December 2019 | |
---|---|---|
£ | £ | |
Other creditors | | |
Total | | |