50/50 PRIVATE HIRES LTD

50/50 PRIVATE HIRES LTD. - Company Information

true 1 September 2015 31 August 2016 31 August 2016 true false SC363871 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC363871 2015-08-31 SC363871 2016-08-31 SC363871 2015-09-01 2016-08-31 SC363871 uk-gaap:RestatedAmount 2015-08-31 SC363871 uk-gaap:RestatedAmount 2016-08-31 SC363871 uk-gaap:NetGoodwill 2015-08-31 SC363871 uk-gaap:NetGoodwill 2016-08-31 SC363871 uk-gaap:NetGoodwill 2015-09-01 2016-08-31 SC363871 uk-gaap:OtherIntangibleFixedAssets 2015-09-01 2016-08-31 SC363871 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-08-31 SC363871 uk-gaap:IntangibleAssetsOtherThanGoodwill 2016-08-31 SC363871 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-09-01 2016-08-31 SC363871 uk-gaap:DevelopmentCosts 2015-08-31 SC363871 uk-gaap:DevelopmentCosts 2016-08-31 SC363871 uk-gaap:DevelopmentCosts 2015-09-01 2016-08-31 SC363871 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-08-31 SC363871 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-09-01 2016-08-31 SC363871 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2016-08-31 SC363871 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2015-09-01 2016-08-31 SC363871 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2015-08-31 SC363871 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2016-08-31 SC363871 uk-gaap:PlantMachinery 2015-09-01 2016-08-31 SC363871 uk-gaap:PlantMachinery 2015-08-31 SC363871 uk-gaap:PlantMachinery 2016-08-31 SC363871 uk-gaap:Vehicles 2015-09-01 2016-08-31 SC363871 uk-gaap:Vehicles 2015-08-31 SC363871 uk-gaap:Vehicles 2016-08-31 SC363871 uk-gaap:FixturesFittings 2015-09-01 2016-08-31 SC363871 uk-gaap:FixturesFittings 2015-08-31 SC363871 uk-gaap:FixturesFittings 2016-08-31 SC363871 uk-gaap:ComputerEquipment 2015-09-01 2016-08-31 SC363871 uk-gaap:ComputerEquipment 2015-08-31 SC363871 uk-gaap:ComputerEquipment 2016-08-31 SC363871 uk-gaap:SharesListedFixedAssetInvestments 2015-08-31 SC363871 uk-gaap:SharesListedFixedAssetInvestments 2015-09-01 2016-08-31 SC363871 uk-gaap:SharesListedFixedAssetInvestments 2016-08-31 SC363871 uk-gaap:SharesUnlistedFixedAssetInvestments 2015-08-31 SC363871 uk-gaap:SharesUnlistedFixedAssetInvestments 2015-09-01 2016-08-31 SC363871 uk-gaap:SharesUnlistedFixedAssetInvestments 2016-08-31 SC363871 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2015-08-31 SC363871 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2015-09-01 2016-08-31 SC363871 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2016-08-31 SC363871 uk-gaap:ProvisionsForBadDebts 2015-08-31 SC363871 uk-gaap:ProvisionsForBadDebts 2015-09-01 2016-08-31 SC363871 uk-gaap:ProvisionsForBadDebts 2016-08-31 SC363871 uk-gaap:ProvisionsForDeferredTaxation 2015-08-31 SC363871 uk-gaap:ProvisionsForDeferredTaxation 2015-09-01 2016-08-31 SC363871 uk-gaap:ProvisionsForDeferredTaxation 2016-08-31 SC363871 uk-gaap:OtherProvisions 2015-08-31 SC363871 uk-gaap:OtherProvisions 2015-09-01 2016-08-31 SC363871 uk-gaap:OtherProvisions 2016-08-31 SC363871 uk-gaap:WithinOneYear 2015-08-31 SC363871 uk-gaap:WithinOneYear 2015-09-01 2016-08-31 SC363871 uk-gaap:WithinOneYear 2016-08-31 SC363871 uk-gaap:AfterOneYear 2015-08-31 SC363871 uk-gaap:AfterOneYear 2015-09-01 2016-08-31 SC363871 uk-gaap:AfterOneYear 2016-08-31 SC363871 uk-bus:AllOrdinaryShares 2016-08-31 SC363871 uk-bus:AllOrdinaryShares 2015-08-31 SC363871 uk-bus:OrdinaryShareClass1 2016-08-31 SC363871 uk-bus:OrdinaryShareClass2 2016-08-31 SC363871 uk-bus:OrdinaryShareClass3 2016-08-31 SC363871 uk-bus:OrdinaryShareClass4 2016-08-31 SC363871 uk-bus:OrdinaryShareClass5 2016-08-31 SC363871 uk-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 SC363871 uk-bus:OrdinaryShareClass2 2015-09-01 2016-08-31 SC363871 uk-bus:OrdinaryShareClass3 2015-09-01 2016-08-31 SC363871 uk-bus:OrdinaryShareClass4 2015-09-01 2016-08-31 SC363871 uk-bus:OrdinaryShareClass5 2015-09-01 2016-08-31 SC363871 uk-bus:PreferenceShareClass1 2016-08-31 SC363871 uk-bus:PreferenceShareClass2 2016-08-31 SC363871 uk-bus:PreferenceShareClass3 2016-08-31 SC363871 uk-bus:PreferenceShareClass4 2016-08-31 SC363871 uk-bus:PreferenceShareClass5 2016-08-31 SC363871 uk-bus:PreferenceShareClass1 2015-09-01 2016-08-31 SC363871 uk-bus:PreferenceShareClass2 2015-09-01 2016-08-31 SC363871 uk-bus:PreferenceShareClass3 2015-09-01 2016-08-31 SC363871 uk-bus:PreferenceShareClass4 2015-09-01 2016-08-31 SC363871 uk-bus:PreferenceShareClass5 2015-09-01 2016-08-31 SC363871 uk-bus:CompanySecretary 2015-09-01 2016-08-31 SC363871 uk-bus:RegisteredOffice 2015-09-01 2016-08-31 SC363871 uk-bus:EntityAccountantsOrAuditors 2015-09-01 2016-08-31 SC363871 uk-bus:EntityAccountantsOrAuditors 2016-08-31 SC363871 uk-bus:MainBusiness 2015-09-01 2016-08-31 SC363871 uk-bus:EntityBankers 2015-09-01 2016-08-31 SC363871 uk-bus:EntityLawyersOrLegalAdvisers 2015-09-01 2016-08-31 SC363871 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2015-09-01 2016-08-31 SC363871 uk-bus:HighestPaidDirector 2015-09-01 2016-08-31 SC363871 uk-bus:HighestPaidDirector 2016-08-31 SC363871 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2015-09-01 2016-08-31 SC363871 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2015-09-01 2016-08-31 SC363871 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2015-09-01 2016-08-31 SC363871 uk-bus:AllEntityOfficers 2015-09-01 2016-08-31 SC363871 uk-gaap:InvestmentProperties 2015-08-31 SC363871 uk-gaap:InvestmentProperties 2015-09-01 2016-08-31 SC363871 uk-gaap:InvestmentProperties 2016-08-31 SC363871 uk-gaap:IntellectualProperty 2015-09-01 2016-08-31 SC363871 uk-gaap:IntellectualProperty 2015-08-31 SC363871 uk-gaap:IntellectualProperty 2016-08-31 SC363871 uk-countries:UnitedKingdom 2015-09-01 2016-08-31 SC363871 uk-countries:Europe 2015-09-01 2016-08-31 SC363871 uk-countries:NorthAmerica 2015-09-01 2016-08-31 SC363871 uk-countries:SouthAmerica 2015-09-01 2016-08-31 SC363871 uk-countries:Asia 2015-09-01 2016-08-31 SC363871 uk-countries:RestWorldOutsideUK 2015-09-01 2016-08-31 SC363871 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-09-01 2016-08-31 SC363871 uk-gaap:LeasedTangibleFixedAssets 2015-09-01 2016-08-31 SC363871 uk-gaap:AllSubsidiaries 2015-09-01 2016-08-31 SC363871 uk-gaap:AllAssociates 2015-09-01 2016-08-31 SC363871 dpl-gaap:CostSales 2015-08-31 SC363871 dpl-gaap:CostSales 2016-08-31 SC363871 dpl-gaap:CostSales 2015-09-01 2016-08-31 SC363871 dpl-gaap:DistributionCosts 2015-09-01 2016-08-31 SC363871 dpl-gaap:AdministrativeExpenses 2015-09-01 2016-08-31 SC363871 uk-bus:Director1 2015-09-01 2016-08-31 SC363871 uk-bus:Director1 2016-08-31 SC363871 uk-bus:Director2 2015-09-01 2016-08-31 SC363871 uk-bus:Director2 2016-08-31 SC363871 2014-08-31 SC363871 2015-08-31 SC363871 2014-09-01 2015-08-31 SC363871 uk-gaap:RestatedAmount 2014-08-31 SC363871 uk-gaap:RestatedAmount 2015-08-31 SC363871 uk-gaap:NetGoodwill 2014-08-31 SC363871 uk-gaap:NetGoodwill 2015-08-31 SC363871 uk-gaap:NetGoodwill 2014-09-01 2015-08-31 SC363871 uk-gaap:OtherIntangibleFixedAssets 2014-09-01 2015-08-31 SC363871 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-08-31 SC363871 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-08-31 SC363871 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-09-01 2015-08-31 SC363871 uk-gaap:DevelopmentCosts 2014-08-31 SC363871 uk-gaap:DevelopmentCosts 2015-08-31 SC363871 uk-gaap:DevelopmentCosts 2014-09-01 2015-08-31 SC363871 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-08-31 SC363871 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-09-01 2015-08-31 SC363871 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-08-31 SC363871 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2014-09-01 2015-08-31 SC363871 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2014-08-31 SC363871 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2015-08-31 SC363871 uk-gaap:PlantMachinery 2014-09-01 2015-08-31 SC363871 uk-gaap:PlantMachinery 2014-08-31 SC363871 uk-gaap:PlantMachinery 2015-08-31 SC363871 uk-gaap:Vehicles 2014-09-01 2015-08-31 SC363871 uk-gaap:Vehicles 2014-08-31 SC363871 uk-gaap:Vehicles 2015-08-31 SC363871 uk-gaap:FixturesFittings 2014-09-01 2015-08-31 SC363871 uk-gaap:FixturesFittings 2014-08-31 SC363871 uk-gaap:FixturesFittings 2015-08-31 SC363871 uk-gaap:ComputerEquipment 2014-09-01 2015-08-31 SC363871 uk-gaap:ComputerEquipment 2014-08-31 SC363871 uk-gaap:ComputerEquipment 2015-08-31 SC363871 uk-gaap:SharesListedFixedAssetInvestments 2014-08-31 SC363871 uk-gaap:SharesListedFixedAssetInvestments 2014-09-01 2015-08-31 SC363871 uk-gaap:SharesListedFixedAssetInvestments 2015-08-31 SC363871 uk-gaap:SharesUnlistedFixedAssetInvestments 2014-08-31 SC363871 uk-gaap:SharesUnlistedFixedAssetInvestments 2014-09-01 2015-08-31 SC363871 uk-gaap:SharesUnlistedFixedAssetInvestments 2015-08-31 SC363871 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2014-08-31 SC363871 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2014-09-01 2015-08-31 SC363871 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2015-08-31 SC363871 uk-gaap:ProvisionsForBadDebts 2014-08-31 SC363871 uk-gaap:ProvisionsForBadDebts 2014-09-01 2015-08-31 SC363871 uk-gaap:ProvisionsForBadDebts 2015-08-31 SC363871 uk-gaap:ProvisionsForDeferredTaxation 2014-08-31 SC363871 uk-gaap:ProvisionsForDeferredTaxation 2014-09-01 2015-08-31 SC363871 uk-gaap:ProvisionsForDeferredTaxation 2015-08-31 SC363871 uk-gaap:OtherProvisions 2014-08-31 SC363871 uk-gaap:OtherProvisions 2014-09-01 2015-08-31 SC363871 uk-gaap:OtherProvisions 2015-08-31 SC363871 uk-gaap:WithinOneYear 2014-08-31 SC363871 uk-gaap:WithinOneYear 2014-09-01 2015-08-31 SC363871 uk-gaap:WithinOneYear 2015-08-31 SC363871 uk-gaap:AfterOneYear 2014-08-31 SC363871 uk-gaap:AfterOneYear 2014-09-01 2015-08-31 SC363871 uk-gaap:AfterOneYear 2015-08-31 SC363871 uk-bus:AllOrdinaryShares 2015-08-31 SC363871 uk-bus:AllOrdinaryShares 2014-08-31 SC363871 uk-bus:OrdinaryShareClass1 2015-08-31 SC363871 uk-bus:OrdinaryShareClass2 2015-08-31 SC363871 uk-bus:OrdinaryShareClass3 2015-08-31 SC363871 uk-bus:OrdinaryShareClass4 2015-08-31 SC363871 uk-bus:OrdinaryShareClass5 2015-08-31 SC363871 uk-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 SC363871 uk-bus:OrdinaryShareClass2 2014-09-01 2015-08-31 SC363871 uk-bus:OrdinaryShareClass3 2014-09-01 2015-08-31 SC363871 uk-bus:OrdinaryShareClass4 2014-09-01 2015-08-31 SC363871 uk-bus:OrdinaryShareClass5 2014-09-01 2015-08-31 SC363871 uk-bus:PreferenceShareClass1 2015-08-31 SC363871 uk-bus:PreferenceShareClass2 2015-08-31 SC363871 uk-bus:PreferenceShareClass3 2015-08-31 SC363871 uk-bus:PreferenceShareClass4 2015-08-31 SC363871 uk-bus:PreferenceShareClass5 2015-08-31 SC363871 uk-bus:PreferenceShareClass1 2014-09-01 2015-08-31 SC363871 uk-bus:PreferenceShareClass2 2014-09-01 2015-08-31 SC363871 uk-bus:PreferenceShareClass3 2014-09-01 2015-08-31 SC363871 uk-bus:PreferenceShareClass4 2014-09-01 2015-08-31 SC363871 uk-bus:PreferenceShareClass5 2014-09-01 2015-08-31 SC363871 uk-bus:CompanySecretary 2014-09-01 2015-08-31 SC363871 uk-bus:RegisteredOffice 2014-09-01 2015-08-31 SC363871 uk-bus:EntityAccountantsOrAuditors 2014-09-01 2015-08-31 SC363871 uk-bus:EntityAccountantsOrAuditors 2015-08-31 SC363871 uk-bus:MainBusiness 2014-09-01 2015-08-31 SC363871 uk-bus:EntityBankers 2014-09-01 2015-08-31 SC363871 uk-bus:EntityLawyersOrLegalAdvisers 2014-09-01 2015-08-31 SC363871 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2014-09-01 2015-08-31 SC363871 uk-bus:HighestPaidDirector 2014-09-01 2015-08-31 SC363871 uk-bus:HighestPaidDirector 2015-08-31 SC363871 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2014-09-01 2015-08-31 SC363871 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2014-09-01 2015-08-31 SC363871 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2014-09-01 2015-08-31 SC363871 uk-bus:AllEntityOfficers 2014-09-01 2015-08-31 SC363871 uk-gaap:InvestmentProperties 2014-08-31 SC363871 uk-gaap:InvestmentProperties 2014-09-01 2015-08-31 SC363871 uk-gaap:InvestmentProperties 2015-08-31 SC363871 uk-gaap:IntellectualProperty 2014-09-01 2015-08-31 SC363871 uk-gaap:IntellectualProperty 2014-08-31 SC363871 uk-gaap:IntellectualProperty 2015-08-31 SC363871 uk-countries:UnitedKingdom 2014-09-01 2015-08-31 SC363871 uk-countries:Europe 2014-09-01 2015-08-31 SC363871 uk-countries:NorthAmerica 2014-09-01 2015-08-31 SC363871 uk-countries:SouthAmerica 2014-09-01 2015-08-31 SC363871 uk-countries:Asia 2014-09-01 2015-08-31 SC363871 uk-countries:RestWorldOutsideUK 2014-09-01 2015-08-31 SC363871 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-09-01 2015-08-31 SC363871 uk-gaap:LeasedTangibleFixedAssets 2014-09-01 2015-08-31 SC363871 uk-gaap:AllSubsidiaries 2014-09-01 2015-08-31 SC363871 uk-gaap:AllAssociates 2014-09-01 2015-08-31 SC363871 dpl-gaap:CostSales 2014-08-31 SC363871 dpl-gaap:CostSales 2015-08-31 SC363871 dpl-gaap:CostSales 2014-09-01 2015-08-31 SC363871 dpl-gaap:DistributionCosts 2014-09-01 2015-08-31 SC363871 dpl-gaap:AdministrativeExpenses 2014-09-01 2015-08-31 SC363871 uk-bus:Director1 2014-09-01 2015-08-31 SC363871 uk-bus:Director1 2015-08-31 SC363871 uk-bus:Director2 2014-09-01 2015-08-31 SC363871 uk-bus:Director2 2015-08-31

Registered number: SC363871

Abbreviated accounts

For The Year Ended 31 August 2016

KENNETH PHILLIPS & CO CA

15, Chapelton Gardens

Bearsden

Glasgow

G61 2DH

50/50 PRIVATE HIRES LTD

Company No. SC363871

Abbreviated Balance Sheet 31 August 2016

Abbreviated Balance Sheet

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	2		21,080		25,707
Tangible Assets	3		308,632		257,338

			329,712		283,045
CURRENT ASSETS
Cash at bank and in hand		2,696		3,639

		2,696		3,639
Creditors: Amounts Falling Due Within One Year		(292,996 )		(214,647 )

NET CURRENT ASSETS (LIABILITIES)			(290,300 )		(211,008 )

TOTAL ASSETS LESS CURRENT LIABILITIES			39,412		72,037

Creditors: Amounts Falling Due After More Than One Year	4		(84,844 )		(102,561 )

NET ASSETS			(45,432 )		(30,524 )

CAPITAL AND RESERVES
Called up share capital	5		100		100
Profit and Loss Account			(45,532 )		(30,624 )

SHAREHOLDERS' FUNDS			(45,432 )		(30,524 )

50/50 PRIVATE HIRES LTD

Company No. SC363871

Abbreviated Balance Sheet (continued) 31 August 2016

For the year ending 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr James Hamilton

30th May 2017

Page 1

50/50 PRIVATE HIRES LTD

Notes to the Abbreviated Accounts

For The Year Ended 31 August 2016

Notes to the Abbreviated Accounts

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10%
Motor Vehicles	14%
Fixtures & Fittings	10%

1.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2. Intangible Assets


	Total
Cost	£
As at 1 September 2015	51,414

As at 31 August 2016	51,414

Amortisation
As at 1 September 2015	25,707
Provided during the period	4,627

As at 31 August 2016	30,334

Net Book Value
As at 31 August 2016	21,080

As at 1 September 2015	25,707

Page 2

50/50 PRIVATE HIRES LTD

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 August 2016

3. Tangible Assets


	Total
Cost	£
As at 1 September 2015	371,585
Additions	95,847
Disposals	(42,111 )

As at 31 August 2016	425,321

Depreciation
As at 1 September 2015	114,247
Provided during the period	31,919
Disposals	(29,477 )

As at 31 August 2016	116,689

Net Book Value
As at 31 August 2016	308,632

As at 1 September 2015	257,338

4. Creditors: Amounts Falling Due After More Than One Year

	2016	2015
	£	£
Net obligations under finance lease and hire purchase contracts	34,077	39,952
Bank loans	50,767	62,609

	84,844	102,561

5. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	100	100	100

6. Transactions With and Loans to Directors

Dividends paid to directors

7. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

Page 3