Company registration number 07115485 (England and Wales)
RPLAN LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
RPLAN LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 8
RPLAN LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors falling due after more than one year
6
7,601,417
-
0
Debtors falling due within one year
6
522,890
20,743
Cash at bank and in hand
8,341
98,122
8,132,648
118,865
Creditors: amounts falling due within one year
7
(1,933,866)
(1,273,844)
Net current assets/(liabilities)
6,198,782
(1,154,979)
Capital and reserves
Called up share capital
66,667
66,667
Equity reserve
159,354
104,611
Profit and loss reserves
5,972,761
(1,326,257)
Total equity
6,198,782
(1,154,979)

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

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 by the board of directors and authorised for issue on 17 January 2024 and are signed on its behalf by:
P Strudley
R Kirby
Director
Director
Company registration number 07115485 (England and Wales)
RPLAN LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
Share capital
Equity reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2021
66,667
-
0
(981,318)
(914,651)
Year ended 31 December 2021:
Loss and total comprehensive income
-
-
(344,939)
(344,939)
Equity share based payments
-
104,611
-
104,611
Balance at 31 December 2021
66,667
104,611
(1,326,257)
(1,154,979)
Year ended 31 December 2022:
Profit and total comprehensive income
-
-
7,299,018
7,299,018
Equity share based payments
-
54,743
-
54,743
Balance at 31 December 2022
66,667
159,354
5,972,761
6,198,782

The notes on pages 3 to 8 form part of these financial statements.

RPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 3 -
1
Accounting policies
Company information

Rplan Limited is a private company limited by shares incorporated in England and Wales. The registered office is 77 Shaftesbury Avenue, 5th Floor, London, W1D 5DU.

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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts 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.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of InvestCloud Holdings LLC. These consolidated financial statements are available from its registered office, 700 N San Vicente Blvd Ste G605, West Hollywood, CA 90069, USA..

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets other than goodwill
Software
fully amortised

Intangible assets have been fully amortised and have a nil book value although they are still in existence and use.

RPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 4 -
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:

Computers
Fully depreciated

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 and cash equivalents

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
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

RPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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
Share-based payments

For cash-settled share-based payments, a liability is recognised for the goods and services acquired, measured initially at the fair value of the liability. At the balance sheet date until the liability is settled, and at the date of settlement, the fair value of the liability is remeasured, with any changes in fair value recognised in profit or loss for the year.

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

 

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

RPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The directors have made no such material judgements or key estimates in preparing these financial statements.

3
Employees

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

2022
2021
Number
Number
Total
14
16
4
Intangible fixed assets
Other
£
Cost
At 1 January 2022 and 31 December 2022
3,347,853
Amortisation and impairment
At 1 January 2022 and 31 December 2022
3,347,853
Carrying amount
At 31 December 2022
-
0
At 31 December 2021
-
0
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022 and 31 December 2022
1,627
Depreciation and impairment
At 1 January 2022 and 31 December 2022
1,627
Carrying amount
At 31 December 2022
-
0
At 31 December 2021
-
0
RPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 7 -
6
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
25,000
20,743
Amounts owed by group undertakings
452,694
-
0
Other debtors
45,196
-
0
522,890
20,743
2022
2021
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
7,601,417
-
0
Total debtors
8,124,307
20,743

Debtors over one year relate to a promissory loan note from the parent company of $9,200,000 which carries interest at 7% annually and is repayable with the capital on the maturity date of 1 December 2032.

7
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
14,585
8,576
Amounts owed to group undertakings
634,668
851,098
Taxation and social security
1,092,498
235,921
Other creditors
192,115
178,249
1,933,866
1,273,844
8
Equity-settled share based payments

The 2021 Omnibus Incentive Plan provides for the granting of options subject to time-based vesting conditions to the company employees. The options vest in equal instalments on each of the first five anniversaries of the vesting start date, if the participant has not undergone a termination.

 

The shares are valued under the Black-Scholes model as detailed in the accounting policies and during the year the amount recognised in respect of the valuation measurement based on fair value was £54,743 (2021 £104,611).

9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

RPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
9
Audit report information
(Continued)
- 8 -
Senior Statutory Auditor:
Vincent Chandler FCA FCCA
Statutory Auditor:
Moore Green
Date of audit report:
6 February 2024
10
Parent company

The immediate and ultimate controlling party is InvestCloud Inc. which is incorporated in the USA. The registered office address is 700 N San Vincente Boulevard, Suite G605, West Hollywood, CA 90069, USA.

2022-12-312022-01-01false06 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityThis audit opinion is unqualifiedMr P StrudleyR KirbyC CloseMr A CreakJ Wisefalse071154852022-01-012022-12-31071154852022-12-3107115485core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3107115485core:Non-currentFinancialInstrumentscore:AfterOneYear2021-12-3107115485core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-31071154852021-12-3107115485core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-3107115485core:CurrentFinancialInstruments2022-12-3107115485core:CurrentFinancialInstruments2021-12-3107115485core:ShareCapital2022-12-3107115485core:ShareCapital2021-12-3107115485core:OtherReservesSubtotal2022-12-3107115485core:OtherReservesSubtotal2021-12-3107115485core:RetainedEarningsAccumulatedLosses2022-12-3107115485core:RetainedEarningsAccumulatedLosses2021-12-3107115485core:ShareCapital2020-12-3107115485core:OtherReservesSubtotal2020-12-3107115485core:RetainedEarningsAccumulatedLosses2020-12-3107115485bus:Director12022-01-012022-12-3107115485bus:Director22022-01-012022-12-3107115485core:RetainedEarningsAccumulatedLosses2021-01-012021-12-31071154852021-01-012021-12-3107115485core:RetainedEarningsAccumulatedLosses2022-01-012022-12-3107115485core:OtherReservesSubtotal2021-01-012021-12-3107115485core:ComputerSoftware2022-01-012022-12-3107115485core:PlantMachinery2022-01-012022-12-3107115485core:IntangibleAssetsOtherThanGoodwill2021-12-3107115485core:IntangibleAssetsOtherThanGoodwill2022-12-3107115485core:IntangibleAssetsOtherThanGoodwill2021-12-3107115485core:OtherPropertyPlantEquipment2021-12-3107115485core:OtherPropertyPlantEquipment2022-12-3107115485core:OtherPropertyPlantEquipment2021-12-3107115485core:Non-currentFinancialInstruments2021-12-3107115485core:WithinOneYear2022-12-3107115485core:WithinOneYear2021-12-3107115485bus:PrivateLimitedCompanyLtd2022-01-012022-12-3107115485bus:SmallCompaniesRegimeForAccounts2022-01-012022-12-3107115485bus:FRS1022022-01-012022-12-3107115485bus:Audited2022-01-012022-12-3107115485bus:Director32022-01-012022-12-3107115485bus:Director42022-01-012022-12-3107115485bus:Director52022-01-012022-12-3107115485bus:FullAccounts2022-01-012022-12-31xbrli:purexbrli:sharesiso4217:GBP