Anthropics Technology Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03614662 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Anthropics Technology Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

A L C Berend

M J Williams

J Ziemniak

T Polichroniadis

G Sleet

S Prince

SECRETARY:

A W J Berend

REGISTERED OFFICE:

A16, Block A

56 Wood Lane

London

W12 7SB

REGISTERED NUMBER:

03614662 (England and Wales)

ACCOUNTANTS:

Granite Morgan Smith Limited

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

FIXED ASSETS

209,903

Intangible assets

4

188,338

17,459

Tangible assets

5

26,446

227,362

214,784

CURRENT ASSETS

219,376

Debtors

6

233,997

2,885,787

Cash at bank and in hand

3,815,253

3,105,163

4,049,250

CREDITORS

232,260

Amounts falling due within one year

7

418,300

2,872,903

NET CURRENT ASSETS

3,630,950

3,100,265

TOTAL ASSETS LESS CURRENT LIABILITIES

3,845,734

CAPITAL AND RESERVES

408,962

Called up share capital

380,984

7,650,783

Share premium

7,457,332

325,850

Share options

325,850

(5,285,330

)

Retained earnings

(4,318,432

)

3,100,265

SHAREHOLDERS' FUNDS

3,845,734

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 27 September 2017 and were signed on its behalf by:

A L C Berend - Director

1.	STATUTORY INFORMATION

Anthropics Technology Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The company has sufficient financial resources to support the level of business activity undertaken. As a

consequence, the directors believe that the company is well placed to manage its business risks successfully

despite the current uncertain economic outlook.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to

continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going

concern basis in preparing the 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 etc

-

25% on reducing balance and Straight line over 3 years

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 balance sheet date.

Deferred tax

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

sheet 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2015 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2016

231,729

Additions

7,707

Disposals

(7,446

)

At 31 December 2016

231,990

AMORTISATION

At 1 January 2016

21,826

Charge for year

21,826

At 31 December 2016

43,652

NET BOOK VALUE

At 31 December 2016

188,338

At 31 December 2015

209,903

Patents are included in intangible assets over the length of their considered life.

Developments costs are amortised over 10 years on a straight line basis.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

87,461

Additions

21,228

Disposals

(5,824

)

At 31 December 2016

102,865

DEPRECIATION

At 1 January 2016

70,002

Charge for year

12,241

Eliminated on disposal

(5,824

)

At 31 December 2016

76,419

NET BOOK VALUE

At 31 December 2016

26,446

At 31 December 2015

17,459

6.

DEBTORS

31.12.16

31.12.15

as restated

£

£

Amounts falling due within one year:

Trade debtors

6,056

6,891

Other debtors

33,215

17,759

39,271

24,650

Amounts falling due after more than one year:

Other debtors

194,726

194,726

Aggregate amounts

233,997

219,376

On 14th July 2011 the Company agreed a loan of £155,781 to shareholders for share options issued under an

approved Enterprise Management Incentive Scheme. The loan are repayable in full on 9th June 2021.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

as restated

£

£

Trade creditors

91,571

74,265

Taxation and social security

137,025

130,347

Other creditors

189,704

27,648

418,300

232,260

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.16

31.12.15

as restated

£

£

Between one and five years

145,130

220,850

9.	POST BALANCE SHEET EVENTS

On the 3rd June 2016 Kings Arms Yard VCT PLC and Providence Investment Company Ltd agreed to the

cancellation of part of their shareholdings in the Company in return for payment. Kings Arms Yard VCT PLC

reduced its shareholding by 1,895,250,061 Ordinary 0.001p shares and was paid £150,000 by the Company.

Providence Investment Company Ltd reduced its shareholding in the Company by 902,500,030 Ordinary 0.001p

shares and was paid £71,428.58 by the Company.

10.

CONTROL

The directors consider that there is no one controlling party.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Anthropics Technology Limited for the year ended 31 December 2016 which comprise the

Income Statement, Balance Sheet, and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Anthropics Technology Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Anthropics Technology Limited and state those matters that we have agreed to state to the Board of Directors of Anthropics Technology Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Anthropics Technology Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Anthropics Technology Limited. You consider that Anthropics Technology Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Anthropics Technology Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Granite Morgan Smith Limited

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

27 September 2017