REBUS HOLDINGS LIMITED

REBUS HOLDINGS LIMITED

REBUS HOLDINGS LIMITED - Company Information

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REBUS HOLDINGS LIMITED

Company Registration Number:
02980656 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2017

Period of accounts

Start date: 01 May 2016

End date: 30 April 2017

REBUS HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2017

Balance sheet
Notes

REBUS HOLDINGS LIMITED

Balance sheet

As at 30 April 2017


Notes
2017
2016


£
£
Fixed assets
Investments: 2 53,017,000 53,017,000
Total fixed assets: 53,017,000 53,017,000
Current assets
Debtors:   0 6,000
Total current assets: 0 6,000
Creditors: amounts falling due within one year:   (4,067,000) (4,086,000)
Net current assets (liabilities): (4,067,000) (4,080,000)
Total assets less current liabilities: 48,950,000 48,937,000
Total net assets (liabilities): 48,950,000 48,937,000
Capital and reserves
Called up share capital: 1 46,297,482
Other reserves: 49,026,482 2,729,000
Profit and loss account: (76,483) (89,482)
Shareholders funds: 48,950,000 48,937,000

The notes form part of these financial statements

REBUS HOLDINGS LIMITED

Balance sheet statements

For the year ending 30 April 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 January 2018
and signed on behalf of the board by:

Name: Stuart Ross
Status: Director

The notes form part of these financial statements

REBUS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s accounts.Basis of preparationThese financial statements have been prepared under the historical cost convention and in accordance with UK Generally Accepted Accounting Practice in line with the group's policy for subsidiary undertakings.The company has not traded during the financial year and is expected to remain dormant going forward. For this reason, the accounts have not been prepared on a going concern basis. No adjustments are necessary to the amounts at which the net assets are included in these financial statements.InvestmentsInvestments in subsidiary undertakings are stated at cost unless, in the opinion of the directors, there has been impairment to their value in which case they are immediately written down to their estimated recoverable amount.COMPANY ACTIVITIESThe company did not trade during the financial year or the preceding financial year and consequently during those years made neither a profit nor a loss. The remuneration of the auditors in respect of these financial statements for the year ended 30 April 2017 was £nil (2016: £nil). Certain items of expenditure have been paid by other group undertakings.DIRECTORS’ REMUNERATIONThe directors received no remuneration in respect of services to the company during the year (2016: £nil)

REBUS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

2. Fixed investments


On 31 January 2017, the company’s subsidiaries disposed of four Australia and New Zealand based undertakings, as shown in the following table. The investments were held at nil net book value, so there is no impact on the company’s financial statements.Australian Payroll Services Pty LimitedNorthgate Information Solutions Australia Pty LimitedNorthgate Information Solutions New Zealand LimitedThe Association for Payroll Specialists Pty LimitedThe company’s investments in group undertakings at 30 April 2017, the nature of whose business is the development and supply of software and related services (unless otherwise indicated), were:Cara Information Technology LimitedEngage Technologies LimitedEngage Technologies Support LimitedLink Group Consultants LimitedMarketwide Systems LimitedNGA Africa (Proprietary) S.ANGA Benefits Singapore Pte LimitedNGA Outsourcing Malaysia Sdn BhdNGA Outsourcing Singapore Pte LimitedNGA HR India Pvt LimitedNorthgateArinso Information Technology Services (Dalian) CoNorthgateArinso Ireland Limited NorthgateArinso Peoplechecking Limited NorthgateArinso Services Ireland LimitedNorthgateArinso Singapore Pte LimitedNorthgateArinso UK LimitedNorthgate HR Pensions Holdings LimitedNorthgate HR Pensions LimitedNorthgate Information Solutions China LimitedNorthgate Information Solutions CompanyNorthgate PWA Empower LimitedPersonnel Computer Services LimitedPeterborough Software (UK) LimitedRebus HR Management LimitedRebus Human Resources LimitedRebus Human Resource Services LimitedRebus Software LimitedRebus Personnel Services Limited

REBUS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

3. Post balance sheet events

On 9 October 2017, NGA Human Resources announced the sale of the UK Mid-Market and UK SMB (Moorepay) businesses to Bain Capital Private Equity, a leading global private investment firm. NGA Human Resources will continue under the ownership of Goldman Sachs and Park Square Capita