Revolut Ltd - Limited company - abbreviated - 11.6
Revolut Ltd - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE PERIOD 6 DECEMBER 2013 TO 31 DECEMBER 2014 |
FOR |
REVOLUT LTD |
REVOLUT LTD (REGISTERED NUMBER: 08804411) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 6 DECEMBER 2013 TO 31 DECEMBER 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
REVOLUT LTD |
COMPANY INFORMATION |
FOR THE PERIOD 6 DECEMBER 2013 TO 31 DECEMBER 2014 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANT: |
Chartered Accountants & Registered Auditors |
REVOLUT LTD (REGISTERED NUMBER: 08804411) |
ABBREVIATED BALANCE SHEET |
31 DECEMBER 2014 |
Notes | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved and authorised for issue by the director on were signed by: |
REVOLUT LTD (REGISTERED NUMBER: 08804411) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 6 DECEMBER 2013 TO 31 DECEMBER 2014 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis which assumes that the |
company will continue in business for the foreseeable future. |
The validity of this assumption is supported by the fact that during April 2015 the company raised |
additional capital of £1,503,664 through the issue of new share capital. |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Development costs |
Costs incurred for the development of software platforms and systems are capitalised on the balance |
sheet sheet in Intangible fixed assets. |
No amortisation charge has been made for this period because the asset has not been brought into |
use as at 31 December 2014. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
over the period of the lease. |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
At 31 December 2014 |
NET BOOK VALUE |
At 31 December 2014 |
REVOLUT LTD (REGISTERED NUMBER: 08804411) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE PERIOD 6 DECEMBER 2013 TO 31 DECEMBER 2014 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
At 31 December 2014 |
DEPRECIATION |
Charge for period |
At 31 December 2014 |
NET BOOK VALUE |
At 31 December 2014 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £0.000001 |
period. |
5. | POST BALANCE SHEET EVENTS |
During April 2015 the company raised additional capital of £1,503,664 through the issue of new share |
capital. |