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REGISTERED NUMBER: 03533075 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

REVIEW CENTRE LIMITED

REVIEW CENTRE LIMITED (REGISTERED NUMBER: 03533075)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REVIEW CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: G P Collins
M K Ambros





REGISTERED OFFICE: Indigo House
Mulberry Business Park
Fishponds Road
Wokingham
RG41 2GY





REGISTERED NUMBER: 03533075 (England and Wales)





AUDITORS: Haines Watts
Chartered Accountants and Statutory Auditors
Advantage
87 Castle Street
Reading
Berkshire
RG1 7SN

REVIEW CENTRE LIMITED (REGISTERED NUMBER: 03533075)

BALANCE SHEET
31 DECEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,562 44,905
Tangible assets 5 111 409
15,673 45,314

CURRENT ASSETS
Debtors 6 34,773 74,426
Cash at bank and in hand 29,103 25,023
63,876 99,449
CREDITORS
Amounts falling due within one year 7 76,361 93,621
NET CURRENT (LIABILITIES)/ASSETS (12,485 ) 5,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,188

51,142

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 3,186 51,140
SHAREHOLDERS' FUNDS 3,188 51,142

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on
23 July 2020 and were signed on its behalf by:





G P Collins - Director


REVIEW CENTRE LIMITED (REGISTERED NUMBER: 03533075)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019


1. STATUTORY INFORMATION

Review Centre Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and
considered relevant information, including the annual budget and future cash flows in making their assessment. In
particular, in response to the COVID-19 pandemic, the directors have tested their cash flow analysis to take into
account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the
measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be
undertaken to mitigate the current adverse conditions, and the current resources available, the directors have
concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Income is earned from a number of streams through the company's website. Revenue is recognised immediately
once the right to consideration is obtained.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of two years.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance
sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date
of transaction. Exchange differences are taken into account in arriving at the operating result.

Functional and presentational currency
The company's functional and presentational currency is GBP. Amounts in the accounts have been rounded to the
nearest pound.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost


REVIEW CENTRE LIMITED (REGISTERED NUMBER: 03533075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2019 1,434,498
Additions 4,119
At 31 December 2019 1,438,617
AMORTISATION
At 1 January 2019 1,389,593
Charge for year 33,462
At 31 December 2019 1,423,055
NET BOOK VALUE
At 31 December 2019 15,562
At 31 December 2018 44,905

REVIEW CENTRE LIMITED (REGISTERED NUMBER: 03533075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2019
and 31 December 2019 5,616
DEPRECIATION
At 1 January 2019 5,207
Charge for year 298
At 31 December 2019 5,505
NET BOOK VALUE
At 31 December 2019 111
At 31 December 2018 409

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 15,265 42,287
Amounts owed by group undertakings 6,236 21,164
Other debtors 13,272 10,975
34,773 74,426

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 25 -
Trade creditors 2,525 10,905
Taxation and social security 3,510 28,582
Other creditors 70,301 54,134
76,361 93,621

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
2 Ordinary £1 2 2

REVIEW CENTRE LIMITED (REGISTERED NUMBER: 03533075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ben Loveday FCCA (Senior Statutory Auditor)
for and on behalf of Haines Watts

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

Medici Holding GmbH, a company incorporated in Germany, is regarded by the directors as the company's ultimate
parent company.

The ultimate controlling party is not known.