Rebolucion Limited
Unaudited Financial Statements
For the year ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 12500942 (England and Wales)
Rebolucion Limited
Company Information
Director
F Arrizabalaga
Company number
12500942
Registered office
6th Floor, Charlotte Building
17 Gresse Street
London
United Kingdom
W1T 1QL
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
Rebolucion Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Rebolucion Limited
Balance Sheet
As at 31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,184
4,260
Current assets
Debtors
4
97,489
299,322
Cash at bank and in hand
4,308
439,257
101,797
738,579
Creditors: amounts falling due within one year
5
(121,009)
(738,054)
Net current (liabilities)/assets
(19,212)
525
Net (liabilities)/assets
(17,028)
4,785
Capital and reserves
Called up share capital
6
125
125
Profit and loss reserves
(17,153)
4,660
Total equity
(17,028)
4,785
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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 and signed by the director and authorised for issue on 2 June 2025
F Arrizabalaga
Director
Company Registration No. 12500942
Rebolucion Limited
Notes to the Financial Statements
For the year ended 31 March 2024
Page 2
1
Accounting policies
Company information
Rebolucion Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.
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 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.
1.2
Going concern
At 31 March 2024, the company had net current liabilities of £17,028 (2023: net assets of £4,785) which includes amounts due to a related party of £11,497 (2023: £599,416). true
The director has received sufficient confirmation and assurances that the related party will not demand repayment of the creditor balances for a period of at least 12 months from the date of signing of these accounts.
In addition, the director will continue to monitor the trading conditions in the industry, and in the event income is impacted significantly will consider cost cutting measures in order to ensure the long-term viability of the business.
Consequently, the director is confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.
1.3
Turnover
Revenue is recognised in respect of productions from the point at which the company has obtained the
right to consideration in return for performance. This is considered to be when all necessary approvals
during the process of pre-production have been obtained from the commissioning agency and normally
equates to the date at which the shoot commences. No profit element is recognised until the company is
able to estimate the profit on the production reliably.
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:
Computer equipment
3 year straight line basis
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.
Rebolucion Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
1
Accounting policies
(Continued)
Page 3
1.5
Cash at bank and in hand
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
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.
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.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.8
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.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.10
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
Rebolucion Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 4
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2023 and 31 March 2024
6,625
Depreciation and impairment
At 1 April 2023
2,365
Depreciation charged in the year
2,076
At 31 March 2024
4,441
Carrying amount
At 31 March 2024
2,184
At 31 March 2023
4,260
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,741
215,461
Corporation tax recoverable
1,320
Other debtors
81,902
125
Prepayments and accrued income
10,526
83,736
97,489
299,322
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
90,052
99,854
Corporation tax
1,320
Other taxation and social security
4,230
31,253
Other creditors
16,497
600,127
Accruals and deferred income
10,230
5,500
121,009
738,054
Rebolucion Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 5
6
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
125
125
7
Related party transactions
During the year, the company made sales of £80,712 (2023: £nil) to Reboland Corporation INC, a company registered in the United States of America. In addition, during the year the company made purchases of £nil (2023: £773,133) from Reboland Corporation INC, which is a related party by virtue of common ownership. At the year end, the balance owed to Reboland Corporation INC was £11,497 (2023: £599,416).
During the year, the company made sales of £341,090 (2023: £nil) to Rebolution Madrid S.L, a company registered in Spain, which is a related party by virtue of common ownership. At year end, the balance owed from Reboland Madrid S.L was £44,569 (2023: £nil).
8
Parent company
There is no ultimate controlling party.