Sannpa Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08758857 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 DECEMBER 2014 TO 31 DECEMBER 2015

FOR

SANNPA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S M D Mathews

W Sleijffers

H Wallin

REGISTERED OFFICE:

76 Crafters House, Flat 5

76 East Rd

London

N1 6AB

REGISTERED NUMBER:

08758857 (England and Wales)

ACCOUNTANTS:

Horizon Accounts Limited

Chartered Management Accountants

Stapleton House,

Block A, 2nd Floor,

110 Clifton Street

London

EC2A 4HT

FIXED ASSETS

Investments

2

6,681

200

CURRENT ASSETS

Debtors

1,440,966

-

CREDITORS

Amounts falling due within one year

216,570

99

NET CURRENT ASSETS/(LIABILITIES)

1,224,396

(99

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,231,077

101

CAPITAL AND RESERVES

Called up share capital

3

105

101

Share premium

1,230,940

-

Profit and loss account

32

-

SHAREHOLDERS' FUNDS

1,231,077

101

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 16 September 2016 and were signed on its behalf
by:

S M D Mathews - 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 January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Sannpa Limited as an individual company and do not contain

consolidated financial information as the parent of a group. The company has taken the option under Section 398

of the Companies Act 2006 not to prepare consolidated financial statements.

Foreign currencies

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 rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Fixed asset investments are held at cost less diminution in value.

Going concern

The financial statements have been prepared on the going concern basis. The director is of the opinion that the

company will continue to trade profitably. It is on this basis that he will continue to adopt the going concern basis

for preparing the annual financial statements.

2.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2014

200

Additions

6,481

At 31 December 2015

6,681

NET BOOK VALUE

At 31 December 2015

6,681

At 30 November 2014

200

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Fnatic PTY Limited

Country of incorporation: Australia

Nature of business: Professional egaming teams

%

Class of shares:

holding

Ordinary

100.00

31.12.15

30.11.14

£

Aggregate capital and reserves

84,995

30,816

Profit/(loss) for the period

38,557

(10,849

)

Fnatic Limited

Country of incorporation: England & Wales

Nature of business: Professional egaming teams

%

Class of shares:

holding

Ordinary

100.00

31.12.15

30.11.14

£

Aggregate capital and reserves

101,128

352,736

Profit for the period

289,071

387,923

Fnatic Gear Limited

Country of incorporation: England & Wales

Nature of business: Manufacturer of computer equipment

%

Class of shares:

holding

Ordinary

100.00

31.12.15

£

Aggregate capital and reserves

(127,979

)

Loss for the period

(124,069

)

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

30.11.14

value:

£

15,600

Ordinary

£0.01

105

101

On 22 October 2015, the company repurchased 4,207 £0.01 Ordinary shares from a now resigned director for a

total consideration of £500,000. These shares were cancelled on the same date.

On 18 November 2015, the company issued 2,304 £0.01 Ordinary shares for a total consideration of £442,343.

On 2 December 2015, the company issued 1,068 £0.01 Ordinary shares for a total consideration of £7,764.

On 3 December 2015, the company issued 843 £0.01 Ordinary shares for a total consideration of £780,875.