ACCOUNTS - Final Accounts preparation

Company registration number: 11058868

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 MARCH 2019

	DATUM IP LIMITED


DATUM IP LIMITED

COMPANY INFORMATION

Directors	Mr M J Habens (appointed 10 November 2017)
	Mr D S Weeks (appointed 3 May 2019)


Registered number	11058868


Registered office	Datum Global Hq
	Castle Street
	East Cowes
	Hampshire
	PO32 6EZ


Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


DATUM IP LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 4


DATUM IP LIMITED REGISTERED NUMBER:11058868

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2019

		2019
Note		£

Fixed assets
Intangible assets	3		28,019
			28,019
Current assets
Cash at bank and in hand		1
		1
Creditors: amounts falling due within one year	4	(28,019)
Net current (liabilities)/assets			(28,018)
Total assets less current liabilities			1

Net assets			1

Page 1


DATUM IP LIMITED REGISTERED NUMBER:11058868

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2019

	2019
Note	£

Capital and reserves
Called up share capital			1
			1

For the period ended 31 March 2019 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr M J Habens

Director

Date: 30 July 2019

The notes on pages 3 to 4 form part of these financial statements.

Page 2


DATUM IP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2019

1.	General information

Datum IP Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.
The company has opted to produce accounts for an extended period to cover the date of incorporation through to
31 March 2019 to run in line with other group companies. Subsequent periods will end on the same day and month in future years.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Page 3


DATUM IP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2019

3.	Intangible assets

		Patents
		£
	Cost
	Additions	28,019
	At 31 March 2019	28,019

	Net book value
	At 31 March 2019	28,019

4.	Creditors: Amounts falling due within one year
		2019
		£

	Amounts owed to group undertakings	28,019
		28,019

Page 4