Rocket PR Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 31 December 2017
Company Registration No. 05925028 (England and Wales)
Rocket PR Limited
Company Information
Directors
J Lonsdale
K S Purewal
H S Virdee
Secretary
Octopus Communications Consultancy Limited
Company number
05925028
Registered office
Charlotte Building
17 Gresse Street
London
W1T 1QL
Accountants
Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
Rocket PR Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Rocket PR Limited
Balance Sheet
As at 31 December 2017
31 December 2017
Page 1
2017
2016
Notes
£
£
£
£
Current assets
Debtors
3
305,157
305,157
Creditors: amounts falling due within one year
4
(22,110)
(24,025)
Net current assets
283,047
281,132
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
283,046
281,131
Total equity
283,047
281,132
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he 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 by the board of directors and authorised for issue on 25 September 2018 and are signed on its behalf by:
J Lonsdale
Director
Company Registration No. 05925028
Rocket PR Limited
Notes to the Financial Statements
For the year ended 31 December 2017
Page 2
1
Accounting policies
Company information
Rocket PR Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Charlotte Building, 17 Gresse Street, London, 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 a
mounts
in these financial statements are
rounded to the nearest pound.
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
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.3
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 3 (2016 - 3).
Rocket PR Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2017
Page 3
3
Debtors
2017
2016
Amounts falling due within one year:
£
£
Amounts due from group undertakings
305,157
305,157
4
Creditors: amounts falling due within one year
2017
2016
£
£
Amounts due to group undertakings
22,110
-
Corporation tax
-
24,025
22,110
24,025
5
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary of £1 each
1
1
1
1
6
Related party transactions
The company has taken the exemption under Section 33 Related Party Disclosures paragraph 33.1A from disclosing transactions with other members of a wholly owned group.
7
Parent company
The parent company of Rocket PR Limited is Octopus Communications Consultancy Limited and its registered office is Charlotte Building, 17 Gresse Street, W1T 1QL.