Company Name and address

Company No.

Company Status

Company Summary

Additional Information

Key Financials

Mortgage Summary

Trade Debtors / Bad Debt Summary

Commentary

CCJ

Current Directors

Financial

MIRA INFORM REPORT

3decades

Report No. :	489790
Report Date :	19.02.2018

IDENTIFICATION DETAILS

Name :	SLAPPIE LIMITED

Registered Office :	Adams & Remers Commonwealth House London SW1Y 5JH

Country :	United Kingdom

Financials (as on) :	31.03.2017

Date of Incorporation :	30.01.2015

Com. Reg. No.:	09413785

Legal Form :	Private limited with Share Capital

Line of Business :	Wholesale of watches and jewellery

No. of Employees :	Not Available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate

Payment Behaviour :	Slow but Correct

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

UNITED KINGDOM - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining; the UK has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.

In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded the UK’s economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets. Facing burgeoning public deficits and debt levels, in 2010 the then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

SLAPPIE LIMITED

ADAMS & REMERS COMMONWEALTH HOUSE LONDON SW1Y 5JH

09413785

Active - Accounts Filed

Registered Address ADAMS & REMERS
COMMONWEALTH HOUSE
LONDON
SW1Y 5JH

Trading Address Adams & Remers
Commonwealth House
London
SW1Y 5JH
SW1Y 5JH

Website Address http://www.slappie.com

Telephone Number 01926680444

Fax Number

TPS Yes

FPS Yes

Incorporation Date 30/01/2015

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 06/12/2017

Currency GBP

Share Capital £272,749

SIC07 46480

Charity Number -

SIC07 Description WHOLESALE OF WATCHES AND JEWELLERY

Principal Activity

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 0

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

31/03/2017 - - £3 -

31/03/2016 - - -£64 -

Total Mortgage 0

Outstanding 0

Satisfied 0

Total Number of Documented Trade 0

Total Value of Documented Trade £0

The latest Balance Sheet indicates a negative net working capital position.

The latest cash balances are considered to be low in terms of the overall outstanding creditor obligations.

There has been an increase in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a moderate level of corporate failures.

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Total Current Directors	1	Total Current Secretaries	0
Total Previous Directors / Company Secretaries	1	Total Person's With Significant Control	2

Title	Mr	Function	Director
Name	Scott Carre	Nationality	British
Date of Birth	07/1968	Present Appointments	1
Latest Address	Adams & Remers Commonwealth House, 55-58 Pall Mall, London	Appointment Date	12/06/2017
Post Code	SW1Y 5JH

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SCOTT CARRE	GBP	272,749	ORDINARY	1	100

Current Active Appointments

Previous Appointments

Dissolved Companies

David Kendall

Total Persons With Significant Control

Total Statements

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Tangible Assets	£20,059	-	0	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Intangible Assets	0	-100%	£41,942	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Total Fixed Assets	£20,059	-52.2%	£41,942	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Stock	0	-100%	£39,559	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Trade Debtors	£35,117	-	0	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Cash	0	-100%	£20,488	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Total Current Assets	£35,117	-41.5%	£60,047	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Trade Creditors	£55,173	-45.9%	£102,053	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Total Current Liabilities	£55,173	-45.9%	£102,053	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	-	-	-	-	-

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Called Up Share Capital	-	-100%	£182	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	P & L Account Reserve	£3	100%	-£50,155	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-100%	£49,909	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Shareholder Funds	£3	104.7%	-£64	-	-	-	-	-	-

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Net Worth	£3	100%	-£42,006	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Working Capital	-£20,056	52.3%	-£42,006	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Total Assets	£55,176	-45.9%	£101,989	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Total Liabilities	£55,173	-45.9%	£102,053	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Net Assets	£3	104.7%	-£64	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
	Contingent Liability	NO	-	NO	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Capital Employed	£3	104.7%	-£64	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code	60-12-35

Ratios

	Date Of Accounts	31/03/17	31/03/16	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Current ratio	0.64	0.59	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Gearing %	0	0	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Equity in %	-	-0.10	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	0.63	0.20	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Current Debt Ratio	18391	-1594.57	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Total Debt Ratio	18391	-1594.57	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\SLAPPIE LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
09/12/2017	New Accounts Filed
12/09/2017	Confirmation Statement
12/09/2017	Change in Reg.Office
12/09/2017	Change of Company Postcode
03/07/2017	Mr D. Kendall has left the board
03/07/2017	New Board Member Mr S. Carre appointed
20/03/2017	Annual Returns
28/10/2016	New Accounts Filed
07/02/2016	Annual Returns
03/02/2015	New Board Member Mr D. Kendall appointed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Previous Director/Company Secretaries

Active Persons With Significant Control

No Active Persons With Significant Control To Display

Ceased Persons With Significant Control

Name	Mr David Kendall	Kind	Individual Person With Significant Control
Address	Highdown House 11 Highdown Road, Leamington Spa, Warwickshire	Country Of Residence	England
Post Code	CV31 1XT	Nationality	British
Date of Birth	12/1981	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 50 To 75 Percent,Voting Rights 50 To 75 Percent,Right To Appoint And Remove Directors	Ceased On	12/06/2017
Name	Mr Nick Jenkins	Kind	Individual Person With Significant Control
Address	28 York Mansions Prince Of Wales Drive, Battersea, London	Country Of Residence	United Kingdom
Post Code	SW11 4D2	Nationality	British
Date of Birth	05/1967	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent	Ceased On	12/06/2017

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.91
UK Pound	1	INR 90.31
Euro	1	INR 80.17
GBP	1	INR 90.55

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VIV

Report Prepared by :	TRU

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.