Company Registration No. 14206558 (England and Wales)
RESPUBLICA LTD
Unaudited accounts
for the year ended 31 December 2024
RESPUBLICA LTD
Unaudited accounts
Contents
RESPUBLICA LTD
Company Information
for the year ended 31 December 2024
Directors
Suraj Sharma
Victoria Louise Sharma
Company Number
14206558 (England and Wales)
Registered Office
207 Regent Street
London
W1B 3HH
England
RESPUBLICA LTD
Statement of financial position
as at 31 December 2024
Tangible assets
1,253,111
802,114
Cash at bank and in hand
202,259
15,198
Creditors: amounts falling due within one year
(16,812)
(318,011)
Net current assets/(liabilities)
192,821
(277,259)
Total assets less current liabilities
1,445,932
524,855
Creditors: amounts falling due after more than one year
(977,437)
(522,933)
Called up share capital
1,020
1,020
Revaluation reserve
435,000
-
Profit and loss account
32,475
902
Shareholders' funds
468,495
1,922
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2024 and were signed on its behalf by
Suraj Sharma
Director
Company Registration No. 14206558
RESPUBLICA LTD
Notes to the Accounts
for the year ended 31 December 2024
RESPUBLICA LTD is a private company, limited by shares, registered in England and Wales, registration number 14206558. The registered office is 207 Regent Street, London, W1B 3HH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% on cost
The accounts are presented in £ sterling.
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At 1 January 2024
801,509
-
985
802,494
Additions
4,077
10,029
5,858
19,964
Revaluations
435,000
-
-
435,000
At 31 December 2024
1,240,586
10,029
6,843
1,257,458
At 1 January 2024
-
-
380
380
Charge for the year
-
2,010
1,957
3,967
At 31 December 2024
-
2,010
2,337
4,347
At 31 December 2024
1,240,586
8,019
4,506
1,253,111
At 31 December 2023
801,509
-
605
802,114
RESPUBLICA LTD
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
4,964
-
Other debtors
1,601
24,745
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,901
300,000
Taxes and social security
13,563
11,750
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
427,437
522,933
Allotted, called up and fully paid:
1,000 Ordinary shares (Class A) of £1 each
1,000
1,000
20 Ordinary shares (Class B) of £1 each
20
20
9
Average number of employees
During the year the average number of employees was 6 (2023: 1).