Company Registration No. 10417704 (England and Wales)
Demographics Pro Limited
Unaudited accounts
for the year ended 30 June 2018
Demographics Pro Limited
Unaudited accounts
Contents
Demographics Pro Limited
Company Information
for the year ended 30 June 2018
Directors
R CARTER
N FLETCHER
P HALLETT
Company Number
10417704 (England and Wales)
Registered Office
5 Chancery Lane
London
WC2A 1LG
Accountants
Virtual CFO Limited
27 Chester Street
Cirencester
GL7 1HG
Demographics Pro Limited
Statement of financial position
as at 30 June 2018
Intangible assets
2,500,000
3,500,000
Cash at bank and in hand
186,429
101,905
Creditors: amounts falling due within one year
(22,173)
(4,776)
Net current assets
614,548
221,047
Total assets less current liabilities
3,114,548
3,721,047
Creditors: amounts falling due after more than one year
(3,818,384)
(4,039,452)
Net liabilities
(703,836)
(318,405)
Called up share capital
100
100
Profit and loss account
(703,936)
(318,505)
Shareholders' funds
(703,836)
(318,405)
For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 March 2019.
P HALLETT
Director
Company Registration No. 10417704
Demographics Pro Limited
Notes to the Accounts
for the year ended 30 June 2018
Demographics Pro Limited is a private company, limited by shares, registered in England and Wales, registration number 10417704. The registered office is 5 Chancery Lane, London, WC2A 1LG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Intangible fixed assets
Other
Charge for the year
1,000,000
Demographics Pro Limited
Notes to the Accounts
for the year ended 30 June 2018
Trade debtors
371,534
107,550
Accrued income and prepayments
78,758
16,368
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
15,720
1,220
Taxes and social security
6,453
3,556
7
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
3,818,384
4,039,452
8
Transactions with related parties
The Company paid USD240,000 (2017: USD120,000) during the period to Demographics Pro Ltd, Cayman.
The Company made sales of £558,707 (2017: £223,274) to Demographics Pro Inc - USA which is also a 100% subsidiary of Demographics Pro Ltd, Cayman.
The Company is a wholly owned subsidiary of Demographics Pro LTD, Floor 4, Willow House, Cricket Square, PO Box - 2804, Grand Cayman , Cayman Island.
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Average number of employees
During the year the average number of employees was 0 (2017: 0).