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REGISTERED NUMBER: 13855739 (England and Wales)















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: D E Levy
J I Luzarraga
H G Newman





REGISTERED OFFICE: 27 Old Gloucester Street
London
United Kingdom
WC1N 3AX





REGISTERED NUMBER: 13855739 (England and Wales)






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:

D E Levy - appointed 18 January 2022
J I Luzarraga - appointed 18 January 2022
H G Newman - appointed 18 January 2022

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:





D E Levy - Director


9 October 2023

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
(110,833 )

Gain/loss on revaluation of investments (62,007 )
OPERATING LOSS and
LOSS BEFORE TAXATION 4 (172,840 )

Tax on loss 5 -
LOSS FOR THE FINANCIAL
PERIOD

(172,840

)

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 (172,840 )


OTHER COMPREHENSIVE INCOME -
TOTAL COMPREHENSIVE
INCOME FOR THE PERIOD

(172,840

)

RPS IP Holdings Ltd (Registered number: 13855739)

Balance Sheet
31 December 2022

Notes £    £   
CURRENT ASSETS
Investments 6 1

CREDITORS
Amounts falling due within one year 7 352
NET CURRENT LIABILITIES (351 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(351

)

CAPITAL AND RESERVES
Called up share capital 8 10
Capital Contribution 172,479
Retained earnings 9 (172,840 )
SHAREHOLDERS' FUNDS (351 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





D E Levy - Director


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 10 - - 10
Total comprehensive income - (172,840 ) - (172,840 )
Capital Contribution - - 172,479 172,479
Balance at 31 December 2022 10 (172,840 ) 172,479 (351 )

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 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.

2. Accounting policies

Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 352

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1,000 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 (172,840 ) (172,840 )
Capital Contribution - 172,479 172,479
At 31 December 2022 (172,840 ) 172,479 (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.