Amee Ltd - Accounts to registrar

REGISTERED NUMBER: 06630234 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

AMEE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

K Choe

A N Shah

REGISTERED OFFICE:

7th Floor

52 Grosvenor Gardens

England

SW1W 0AU

REGISTERED NUMBER:

06630234 (England and Wales)

ACCOUNTANTS:

Horizon Accounts Limited

Stapleton House

Block A, 2nd Floor

110 Clifton Street

London

EC2A 4HT

FIXED ASSETS

Tangible assets

4

487

1,159

CURRENT ASSETS

Debtors

5

44,209

40,676

Cash at bank

125,618

59,273

169,827

99,949

CREDITORS

Amounts falling due within one year

6

176,480

73,617

NET CURRENT (LIABILITIES)/ASSETS

(6,653

)

26,332

TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,166

)

27,491

CAPITAL AND RESERVES

Called up share capital

2

Capital contribution

6,498,406

Retained earnings

(6,504,574

)

(6,470,917

)

SHAREHOLDERS' FUNDS

(6,166

)

27,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2017 and were signed on its behalf
by:

K Choe - Director

1.	STATUTORY INFORMATION

Amee Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

There are no significant judgements or estimates applied to the numbers contained within these financial

statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

33.33% on straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the statement of financial position date

The tax credit disclosed in the income statement represents the surrender of corporation tax losses for research

and development tax credits.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position 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.

Going concern

The financial statements have been prepared on the going concern basis. The company has incurred losses during

the year and the directors are aware that the statement of financial position reflects negative net assets. However

the directors have a reasonable expectation that together with cash balances at hand and the ongoing financial

support of the parent company, the company should have sufficient resources to be able to meet its future

obligations, if and when, they become due. On this basis, the directors are therefore of the opinion that they

should continue to adopt the going concern basis in preparing the annual financial statements.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2016

and 31 December 2016

45,181

DEPRECIATION

At 1 January 2016

44,022

Charge for year

672

At 31 December 2016

44,694

NET BOOK VALUE

At 31 December 2016

487

At 31 December 2015

1,159

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade debtors

6,120

4,100

Other debtors

38,089

36,576

44,209

40,676

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade creditors

24,549

3,568

Amounts owed to group undertakings

126,549

23,241

Taxation and social security

-

8,790

Other creditors

25,382

38,018

176,480

73,617

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

8.	ULTIMATE CONTROLLING PARTY

PI Limited is the ultimate controlling party, a company incorporated in England and Wales (registered number

01728605) whose registered office is at 7th Floor, 52 Grosvenor Gardens, London, SW1W 0AU.

9.	FIRST YEAR ADOPTION

This is the first year that the company has presented its results and financial position in accordance with FRS

102. The last financial statements under UK GAAP were for the year ended 31 December 2015. The date that

the company transitioned to FRS 102 was 1 January 2015.

The policies applied under the entity's previous accounting framework are not materially different to FRS 102

and have not impacted on equity or profit or loss.

Amee Ltd - Accounts to registrar - small 17.2

Amee Ltd - Accounts to registrar - small 17.2