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Registered number: 09242267 (England and Wales)














REVENUE MANAGEMENT SOLUTIONS LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
REVENUE MANAGEMENT SOLUTIONS LIMITED
 
 
COMPANY INFORMATION


Directors
O A Rougie 
P F Laque 
J Oakes 
N P L Bordeaux 




Company secretary
Taylor Wessing Secretaries Limited



Registered number
09242267



Registered office
151 Wardour Street

London

W1F 8WE




Independent auditors
ZEDRA Corporate Reporting Services (UK) Limited





 
REVENUE MANAGEMENT SOLUTIONS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 7


 
REVENUE MANAGEMENT SOLUTIONS LIMITED
REGISTERED NUMBER:09242267

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,569
8,911

  
7,569
8,911

Current assets
  

Debtors: amounts falling due within one year
 5 
69,283
134,245

Bank and cash balances
  
1,346,696
756,799

  
1,415,979
891,044

Creditors: amounts falling due within one year
 6 
(1,354,396)
(860,401)

Net current assets
  
 
 
61,583
 
 
30,643

Total assets less current liabilities
  
69,152
39,554

  

Net assets
  
69,152
39,554


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
68,152
38,554

  
69,152
39,554


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


O A Rougie
Director

Date: 16 May 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
REVENUE MANAGEMENT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

  
1.2

Going concern

At 31 December 2024, Revenue Management Solutions Limited was in a net asset position. The Company has also received written confirmation from its parent company, Revenue Management Solutions, LLC., that it will continue to provide financial support to the Company for a period of at least 12 months from the date of signing these financial statements.
In assessing the Company's ability to continue as a going concern, the directors have considered the availability of financing from the group, through the group position and the budgeted cash requirements of the Company. On the basis that financial support continues, the directors are confident that the Company will continue to be able to meet its obligations as liabilities fall due. For these reasons, the directors continue to prepare the financial statements on a going concern basis.

 
1.3

Turnover

Third party turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Intercompany turnover
Turnover from group companies is recognised in line with the intercompany transfer pricing agreement in place. A proportion of the total turnover on contracts owned by group companies is recognised by the Company, based upon an estimate of the value of labour charged to each project by the Company's employees.
 
Page 2

 
REVENUE MANAGEMENT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Computer equipment
-
3
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.5

Debtors

Short-term debtors are measured at transaction price. 

 
1.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash held on deposit by service providers is included within bank and cash balances, as these amounts are highly liquid and repayable without penalty on notice of not more than 24 hours.

 
1.7

Creditors

Short-term creditors are measures at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost, repayable in USD. These loans are unsecured, interest free and repayable on demand.

 
1.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
REVENUE MANAGEMENT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term. 

 
1.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


  
1.12

Intercompany management charge

Turnover attributable to services provided by group companies is recognised as a cost of sale in line with the intercompany transfer pricing agreement in place. A proportion of the total turnover on contracts owned by the Company is allocated to group companies, based upon an estimate of the value of labour charged to each project by the group companies’ employees. This labour charge is then taken as a proportion of the total labour assigned to the project across the group.
Additionally, a proportion of head office expenses are recharged to the Company and recognised within administrative expenses. The proportion is calculated based upon the value of group revenue attributable to the Company as a percentage of total group revenue.


2.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 23 May 2025 by Louise Morriss BFP FCA FCCA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.

Page 4

 
REVENUE MANAGEMENT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees during the year was 11 (2023 - 13).


4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 January 2024
55,456


Additions
4,275



At 31 December 2024

59,731



Depreciation


At 1 January 2024
46,545


Charge for the year on owned assets
5,618



At 31 December 2024

52,163



Net book value



At 31 December 2024
7,568



At 31 December 2023
8,911

Page 5

 
REVENUE MANAGEMENT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
26,663
71,291

Other debtors
32,132
50,585

Prepayments and accrued income
10,488
12,369

69,283
134,245



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
15,816
13,770

Amounts owed to group undertakings
1,252,015
748,516

Corporation tax
11,787
15,879

Other taxation and social security
43,716
42,538

Other creditors
5,537
4,600

Accruals and deferred income
25,525
35,098

1,354,396
860,401



7.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than one year
-
127,400

-
127,400


8.


Controlling party

Revenue Management Solutions, LLC. is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 777 South Harbour Island, Boulevard, Suite 890, Tampa, FL 33602, USA.

Page 6

 
REVENUE MANAGEMENT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved. 

 
Page 7