COMPANY REGISTRATION NUMBER:
05891072
Republic Campaign Limited
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Company Limited by Guarantee
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Filleted Unaudited Financial Statements
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Republic Campaign Limited
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Company Limited by Guarantee
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Statement of Financial Position
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31 December 2021
Current assets
Cash at bank and in hand
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15,124
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2,176
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Creditors: amounts falling due within one year
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6
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14,560
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11,031
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--------
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--------
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Net current assets/(liabilities)
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564
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(
8,855)
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----
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-------
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Total assets less current liabilities
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564
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(
8,855)
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----
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-------
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Net assets/(liabilities)
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564
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(
8,855)
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----
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-------
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Capital and reserves
Profit and loss account
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564
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(
8,855)
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----
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-------
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Members funds/(deficit)
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564
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(
8,855)
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----
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-------
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
14 June 2022
, and are signed on behalf of the board by:
Company registration number:
05891072
Republic Campaign Limited
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Company Limited by Guarantee
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Notes to the Financial Statements
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Year ended 31 December 2021
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Company limited by guarantee
The company is limited by guarantee and does not have a share capital. Each member's guarantee is limited to £1.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2020:
1
).
6.
Creditors:
amounts falling due within one year
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2021
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2020
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£
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£
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Social security and other taxes
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9,742
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8,284
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Other creditors
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4,818
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2,747
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14,560
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11,031
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