Registered number
07216719
Reboot International Limited
Filleted Accounts
31 May 2023
Reboot International Limited
Registered number: 07216719
Balance Sheet
as at 31 May 2023
Notes 2023 2022
DKK DKK
Fixed assets
Tangible assets 4 159,142 168,417
Investments 5 24,036,192 23,089,231
24,195,334 23,257,648
Current assets
Debtors 6 109,181 583,760
Creditors: amounts falling due within one year 7 (860,803) (885,069)
Net current liabilities (751,622) (301,309)
Total assets less current liabilities 23,443,712 22,956,339
Creditors: amounts falling due after more than one year 8 (13,036,864) (13,036,864)
Net assets 10,406,848 9,919,475
Capital and reserves
Called up share capital 1,750 1,750
Share premium 4,977,081 4,977,081
Profit and loss account 5,428,017 4,940,644
Shareholders' funds 10,406,848 9,919,475
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K R Pedersen
Director
Approved by the board on 18 December 2023
Reboot International Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets DKK
Goodwill:
Cost
At 1 June 2022 3,012,745
At 31 May 2023 3,012,745
Amortisation
At 1 June 2022 3,012,745
At 31 May 2023 3,012,745
Net book value
At 31 May 2023 -
4 Tangible fixed assets
Plant and machinery etc
DKK
Cost
At 1 June 2022 269,801
Additions 14,000
At 31 May 2023 283,801
Depreciation
At 1 June 2022 101,384
Charge for the year 23,275
At 31 May 2023 124,659
Net book value
At 31 May 2023 159,142
At 31 May 2022 168,417
5 Investments
Other
investments
DKK
Cost
At 1 June 2022 23,089,231
Additions 163,986
Revaluation 782,975
At 31 May 2023 24,036,192
6 Debtors 2023 2022
DKK DKK
Trade debtors 8,827 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 90,600 397,145
Other debtors 9,754 186,615
109,181 583,760
Amounts due after more than one year included above - 282,682
7 Creditors: amounts falling due within one year 2023 2022
DKK DKK
Trade creditors 27,727 24,127
Amounts owed to group undertakings and undertakings in which the company has a participating interest 228,676 -
Other creditors 604,400 860,942
860,803 885,069
8 Creditors: amounts falling due after one year 2023 2022
DKK DKK
Amounts owed to group undertakings and undertakings in which the company has a participating interest 13,036,864 13,036,864
9 Other information
Reboot International Limited is a private company limited by shares and incorporated in England. Its registered office is:
Floor 8
71 Queen Victoria Street
London
EC4V 4AY
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