Radiant Worlds (SkySaga) Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 08747795 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

RADIANT WORLDS (SKYSAGA) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P E Oliver

REGISTERED OFFICE:

Nicholls House

Homer Close

Tachbrook Park

Warwick

Warwickshire

CV34 6TT

REGISTERED NUMBER:

08747795 (England and Wales)

ACCOUNTANTS:

Dafferns LLP

Chartered Accountants

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Intangible assets

2

10,380

13,840

CURRENT ASSETS

Debtors

3

10,618,381

5,172,846

Cash at bank and in hand

21,479

7,967

10,639,860

5,180,813

CREDITORS

Amounts falling due within one year

4

8,271,000

4,469,900

NET CURRENT ASSETS

2,368,860

710,913

TOTAL ASSETS LESS CURRENT LIABILITIES

2,379,240

724,753

CAPITAL AND RESERVES

Called up share capital

5

3

3

Profit and loss account

6

2,379,237

724,750

SHAREHOLDERS' FUNDS

2,379,240

724,753

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 September 2016 and were signed by:

P E Oliver - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2015

and 31 December 2015

17,300

AMORTISATION

At 1 January 2015

3,460

Amortisation for year

3,460

At 31 December 2015

6,920

NET BOOK VALUE

At 31 December 2015

10,380

At 31 December 2014

13,840

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

£

Trade debtors

8,278,779

4,473,544

Other debtors

2,339,602

699,302

10,618,381

5,172,846

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

£

Trade creditors

8,258,200

4,458,900

Taxation and social security

5,000

5,000

Other creditors

7,800

6,000

8,271,000

4,469,900

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

3

Ordinary

£1

3

3

6.

RESERVES

Profit

and loss

account

£

At 1 January 2015

724,750

Profit for the year

1,654,487

At 31 December 2015

2,379,237

7.	RELATED PARTY DISCLOSURES

Radiant Worlds Limited

A company with common shareholders with Meandros Technologies Limited.

During the period the company received a loan from Radiant Worlds Limited of £1,800 (2014 £6,000)

and the amount outstanding at 31 December 2015 was £7,800 (2014 £6,000).

During the period Radiant Worlds purchased services from Meandros Technologies Limited for £nil

(2014 £25,000) and the amount outstanding at 31 December 2015 was £nil (2014 £nil).

The company also made purchases from Radiant Worlds Limited of £8,258,200 (2014 £4,458,900)

and the amount outstanding at 31 December 2015 was £8,258,200 (2014 £4,458,900).

The company also made sale to Radiant Worlds Limited of £8,278,779 (2014 £4,473,544) and the

amount outstanding at 31 December 2015 was £8,278,779 (2014 £4,473,544).

P E Oliver

A shareholder of Meandros Technologies Limited and director.

During the period, P E Oliver loaned £1nil (2014 £3,000) to Meandros Technologies Limited and the

amount outstanding at 31 December 2015 was £nil (2014 £nil).

Interest paid on the loan during the period amounted to £nil (2014 £193).

A N Oliver

A shareholder of Meandros Technologies Limited and the brother of P E Oliver.

During the period, A N Oliver loaned £nil (2014 £13,000) to Meandros Technologies Limited and the

amount outstanding at 31 December 2015 was £nil (2014 £nil).

Interest paid on the loan during the year amounted to £nil (2014 £211).

Blitz Games Studios Limited

A company in which P E Oliver was a shareholder and director.

During the period to 31 December 2014 Meandros Technologies Limited purchased intellectual

property from Blitz Games Studios Limited for an amount of £17,300.

8.	ULTIMATE CONTROLLING PARTY

In the opinion of the director, no individual has overall control of the company.