Company Registration No. 07301499 (England and Wales)
Inplayer Limited
Unaudited accounts
for the year ended 31 December 2020
Inplayer Limited
Unaudited accounts
Contents
Inplayer Limited
Company Information
for the year ended 31 December 2020
Directors
George Meek
Tatjana Zabasu
Nicolas Joseph Jean Granatino
Simon Fell
Company Number
07301499 (England and Wales)
Registered Office
37-41 Mortimer Street
London
W1T 3JH
United Kingdom
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Inplayer Limited
Statement of financial position
as at 31 December 2020
Tangible assets
4,824
4,345
Investments
507,652
480,081
Cash at bank and in hand
902,683
310,457
Creditors: amounts falling due within one year
(1,971,506)
(3,187,077)
Net current assets/(liabilities)
45,489
(2,476,970)
Total assets less current liabilities
557,965
(1,992,544)
Creditors: amounts falling due after more than one year
(269,253)
-
Net assets/(liabilities)
288,712
(1,992,544)
Called up share capital
1,039,095
724,331
Share premium
5,867,212
3,121,605
Capital contribution reserve
57,733
406,051
Profit and loss account
(6,675,328)
(6,244,531)
Shareholders' funds
288,712
(1,992,544)
For the year ending 31 December 2020 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2021 and were signed on its behalf by
George Meek
Director
Company Registration No. 07301499
Inplayer Limited
Notes to the Accounts
for the year ended 31 December 2020
Inplayer Limited is a private company, limited by shares, registered in England and Wales, registration number 07301499. The registered office is 37-41 Mortimer Street, London, W1T 3JH , United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised in the period to which it relates.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line basis
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at cost.
Research and development tax credit
During the financial year, Inplayer Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Income Statement in line with disclosure requirements under FRS 102.
Inplayer Limited
Notes to the Accounts
for the year ended 31 December 2020
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
4
Tangible fixed assets
Computer equipment
At 31 December 2020
14,301
5
Investments
Subsidiary undertakings
Valuation at 1 January 2020
480,081
Fair value adjustments
27,571
Valuation at 31 December 2020
507,652
At the year end the company held investments in following subsidiaries:
1. Investment of £506,554 in Inpleer Hub Dooel
2. Investment of £1,098 in Inplayer Inc.
Inplayer Limited owned 100% of the shares in both the subsidiaries.
Trade debtors
1,062,755
354,114
Accrued income and prepayments
-
36,736
Other debtors
51,557
8,800
Total debtors less than one year
1,114,312
399,650
Total debtors
1,114,312
399,650
Inplayer Limited
Notes to the Accounts
for the year ended 31 December 2020
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
5,092
9,126
Trade creditors
225,889
94,937
Taxes and social security
555,911
191,563
Other creditors
1,179,214
2,891,451
Prior year other creditors includes Convertible Loan Notes of £2.5m which were converted to shares during the current year as can be seen in note 9 below. Further, new Convertible Loan Notes were issued in the current year as can be seen under Note 8.
8
Creditors: amounts falling due after more than one year
2020
2019
Allotted, called up and fully paid:
48,860,220 Ordinary shares of £0.01 each
488,602.20
488,602.20
23,572,833 Series A of £0.01 each
235,728.33
235,728.33
31,476,389 Series A2 of £0.01 each
314,763.89
-
Shares issued during the period:
31,476,389 Series A2 of £0.01 each
314,763.89
10
Transactions with related parties
At the year end, Inplayer Limited owed it's 100% owned subsidiary Inpleer Hub Dooel £103,660 (2019: £136,867). Also during the year, Inplayer Limited made purchases of £3,180,004 (2019: £2,701,199) in relation to consultancy fees.
At the year end, Inplayer Limited owed it's 100% owned subsidiary Inplayer Inc. £1,098 (2018: £1,131).
11
Average number of employees
During the year the average number of employees was 5 (2019: 5).
