RIGHT OF REPLY PLC

Company Registration Number:
10239054 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2020

Period of accounts

Start date: 1 January 2020

End date: 31 December 2020

RIGHT OF REPLY PLC

Contents of the Financial Statements

for the Period Ended 31 December 2020

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

RIGHT OF REPLY PLC

Directors' report period ended 31 December 2020

The directors present their report with the financial statements of the company for the period ended 31 December 2020

Principal activities of the company

The purpose of the company is to provide a cost-effective investment vehicle for investors who seek capital growth from a portfolio of subsidiaries. To achieve this, Board of Directors is responsible for employing and overseeing an investment management company that has appropriate investment expertise, resources, and controls in place to meet the Company's investment objective.The performance of the Company is dependent on the performance of its investment in The Reputation Exchange PLC (REPX) https://www.therepx.com/ BSS One https://www.bss-one.ro/ and The Fool srl https://thefool.it/

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

Alfredo Villa
David Tizzoni
Jagatia Nilesh


Secretary Alfredo Villa

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
9 October 2023

And signed on behalf of the board by:
Name: Alfredo Villa
Status: Secretary

RIGHT OF REPLY PLC

Profit And Loss Account

for the Period Ended 31 December 2020

2020 18 months to 31 December 2019


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 179,310 ) ( 1,175,556 )
Other operating income: 0 0
Operating profit(or loss): (179,310) (1,175,556)
Interest receivable and similar income: 0 81
Interest payable and similar charges: ( 39,224 ) ( 33,504 )
Profit(or loss) before tax: (218,534) (1,208,979)
Profit(or loss) for the financial year: (218,534) (1,208,979)

RIGHT OF REPLY PLC

Balance sheet

As at 31 December 2020

Notes 2020 18 months to 31 December 2019


£

£
Fixed assets
Intangible assets: 3 0 219,627
Tangible assets:   0 0
Investments: 4 4,658,189 872,848
Total fixed assets: 4,658,189 1,092,475
Current assets
Stocks:   0 0
Debtors: 5 0 237,981
Cash at bank and in hand: 4,310 10,454
Investments:   0 0
Total current assets: 4,310 248,435
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 815,086 ) ( 686,040 )
Net current assets (liabilities): (810,776) (437,605)
Total assets less current liabilities: 3,847,413 654,870
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 172,413 ) 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 3,675,000 654,870
Capital and reserves
Called up share capital: 62,168 62,168
Share premium account: 2,152,333 2,152,333
Other reserves: 14,379 (35,239 )
Profit and loss account: 1,446,120 (1,524,392 )
Total Shareholders' funds: 3,675,000 654,870

The notes form part of these financial statements

RIGHT OF REPLY PLC

Balance sheet statements

For the year ending 31 December 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 9 October 2023
and signed on behalf of the board by:

Name: Alfredo Villa
Status: Director

The notes form part of these financial statements

RIGHT OF REPLY PLC

Notes to the Financial Statements

for the Period Ended 31 December 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Valuation information and policy

    The asset were valuated at a fair market value based on the lat equity transaction of those assets

RIGHT OF REPLY PLC

Notes to the Financial Statements

for the Period Ended 31 December 2020

  • 2. Employees

    2020 18 months to 31 December 2019
    Average number of employees during the period 0 0

RIGHT OF REPLY PLC

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2020 219,627 0 219,627
Additions 0 0 0
Disposals ( 219,627 ) 0 ( 219,627 )
Revaluations 0 0 0
Transfers 0 0 0
At 31 December 2020 0 0 0
Amortisation
At 1 January 2020 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 31 December 2020 0 0 0
Net book value
At 31 December 2020 0 0 0
At 31 December 2019 219,627 0 219,627

RIGHT OF REPLY PLC

Notes to the Financial Statements

for the Period Ended 31 December 2020

4. Fixed assets investments note

The Company has 3 stakes2'460'000 The Reputation exchange shares50,1% of BSS-One shares10% of The Fool shares

RIGHT OF REPLY PLC

Notes to the Financial Statements

for the Period Ended 31 December 2020

5. Debtors

2020 18 months to 31 December 2019
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 237,981
Total 0 237,981
Debtors due after more than one year: 0 0

RIGHT OF REPLY PLC

Notes to the Financial Statements

for the Period Ended 31 December 2020

6. Creditors: amounts falling due within one year note

2020 18 months to 31 December 2019
£ £
Other creditors 815,086 686,040
Total 815,086 686,040