Navmii Publishing Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06390277 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

NAVMII PUBLISHING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P M Atalla

M A Thornhill

SECRETARY:

M A Thornhill

REGISTERED OFFICE:

G01 Power Road Studios

114 Power Road

Chiswick

London

W4 5PY

REGISTERED NUMBER:

06390277 (England and Wales)

ACCOUNTANTS:

tcp chartered accountants

10 the triangle

ng2 business park

nottingham

NG2 1AE

FIXED ASSETS

Intangible assets

2

2,181,136

1,619,686

Tangible assets

3

25,394

17,298

2,206,530

1,636,984

CURRENT ASSETS

Debtors

340,453

331,502

Cash at bank and in hand

78,194

34,480

418,647

365,982

CREDITORS

Amounts falling due within one year

453,523

491,316

NET CURRENT LIABILITIES

(34,876

)

(125,334

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,171,654

1,511,650

CREDITORS

Amounts falling due after more than one year

2,650,012

1,952,906

CAPITAL AND RESERVES

Called up share capital

4

1,311

Share premium

562,240

Profit and loss account

(1,041,909

)

(1,004,807

)

SHAREHOLDERS' FUNDS

(478,358

)

(441,256

)

2,171,654

1,511,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 29 July 2016 and were signed on its behalf by:

P M Atalla - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis as the directors of the parent company (Navmii

Holdings Limited) have confirmed that they will not request repayment of the outstanding loan within the next twelve months

and will continue to support the company financially for the foreseeable future.

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 January 2015).

The effect of events relating to the year ended 31 October 2015 which occurred before the date of approval of the financial

statements by the Board of Directors, have been included in the statements to the extent required to show a true and fair view

of the state of affairs at the year end and of the results for the year ended on that date.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable net of VAT trade discounts and customer

returns.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Research and development

Expenditure on research is written off in the year in which it is incurred and development expenditure is capitalised and once in

use the assets will be written off over a period of 4 years.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

1,984,047

Additions

561,450

At 31 October 2015

2,545,497

AMORTISATION

At 1 November 2014

and 31 October 2015

364,361

NET BOOK VALUE

At 31 October 2015

2,181,136

At 31 October 2014

1,619,686

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

37,149

Additions

16,560

At 31 October 2015

53,709

DEPRECIATION

At 1 November 2014

19,851

Charge for year

8,464

At 31 October 2015

28,315

NET BOOK VALUE

At 31 October 2015

25,394

At 31 October 2014

17,298

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,311

Ordinary

£1

1,311

5.	ULTIMATE PARENT COMPANY

Navmii Holdings Limited is regarded by the directors as being the company's ultimate parent company.