Loyalgate Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07174875 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

LOYALGATE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Duval

E M Howse

O De Beauminy

F Gouilliard

REGISTERED OFFICE:

2nd Floor

109 Uxbridge Road

London

W5 5TL

REGISTERED NUMBER:

07174875 (England and Wales)

ACCOUNTANTS:

Johnsons, Chartered Accountants

2nd Floor

109 Uxbridge Road

London

W5 5TL

FIXED ASSETS

Intangible assets

2

543,822

543,822

543,822

543,822

CURRENT ASSETS

Debtors

175,767

135,657

Cash at bank

39,530

1,275

215,297

136,932

CREDITORS

Amounts falling due within one year

106,980

1,000

NET CURRENT ASSETS

108,317

135,932

TOTAL ASSETS LESS CURRENT LIABILITIES

652,139

679,754

CREDITORS

Amounts falling due after more than one year

379,327

392,228

NET ASSETS

272,812

287,526

CAPITAL AND RESERVES

Called up share capital

3

108

108

Share premium

293,825

293,825

Profit and loss account

(21,121

)

(6,407

)

SHAREHOLDERS' FUNDS

272,812

287,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 July 2015 and were signed on its behalf by:

J Duval - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Intangible fixed assets

The company has capitalised the costs of developing its proprietary software. Since the development of the

software is not complete, no amortisation has been provided.

Amortisation will commence when the commercial licensing of the software commences.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

543,822

NET BOOK VALUE

At 31 March 2014

543,822

At 31 March 2013

543,822

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

8,250

A Ordinary

0.01

83

83

2,523

B Ordinary

0.01

25

25

108

108

The A Ordinary shares and B Ordinary shares rank pari passu in all respects.

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Jean Duval.