Contents of the Financial Statements

for the Period Ended 31 December 2019

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2019

The directors present their report with the financial statements of the company for the period ended 31 December 2019

Directors

The directors shown below have held office during the whole of the period from
1 January 2019 to 31 December 2019

Michael Clements
Ian Penrose
Niall Markey

The director shown below has held office during the period of
18 February 2019 to 31 December 2019

William Nott

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 May 2020

And signed on behalf of the board by:
Name: William Nott
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2019

	2019	2018
	£	£
Turnover:	5,953,742	11,442,249
Cost of sales:	( 625,426 )	( 631,591 )
Gross profit(or loss):	5,328,316	10,810,658
Administrative expenses:	( 10,993,444 )	( 11,723,811 )
Other operating income:	60,000
Operating profit(or loss):	(5,605,128)	(913,153)
Profit(or loss) before tax:	(5,605,128)	(913,153)
Tax:	( 345,480 )	( 117,694 )
Profit(or loss) for the financial year:	(5,950,608)	(1,030,847)

Balance sheet

As at 31 December 2019

	Notes	2019	2018
		£	£
Called up share capital not paid:		0	0
Fixed assets
Intangible assets:		0	0
Tangible assets:	3	226,499	291,869
Investments:	4	1	1
Total fixed assets:		226,500	291,870
Current assets
Stocks:		0	0
Debtors:	5	2,702,612	3,907,829
Cash at bank and in hand:		7,487,586	10,177,848
Investments:	6	0	211,322
Total current assets:		10,190,198	14,296,999
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	7	( 7,722,349 )	( 8,443,912 )
Net current assets (liabilities):		2,467,849	5,853,087
Total assets less current liabilities:		2,694,349	6,144,957
Creditors: amounts falling due after more than one year:		0	0
Provision for liabilities:		0	0
Accruals and deferred income:		0	0
Total net assets (liabilities):		2,694,349	6,144,957
Capital and reserves
Called up share capital:		5,000,000	2,500,000
Share premium account:		0	0
Other reserves:		0	0
Profit and loss account:		(2,305,651 )	3,644,957
Total Shareholders' funds:		2,694,349	6,144,957

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2019

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Notes to the Financial Statements

for the Period Ended 31 December 2019

• 2. Employees

  	2019	2018
  Average number of employees during the period	15	21