REGISTERED NUMBER: 06630234 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

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

5

191

487

CURRENT ASSETS

Debtors

6

32,280

44,209

Cash at bank

170,168

125,618

202,448

169,827

CREDITORS

Amounts falling due within one year

7

250,671

176,480

NET CURRENT LIABILITIES

(48,223

)

(6,653

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(48,032

)

(6,166

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Capital contribution

6,498,406

6,498,406

Retained earnings

(6,546,440

)

(6,504,574

)

SHAREHOLDERS' FUNDS

(48,032

)

(6,166

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 11 September 2018 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

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment

losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write

off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant and machinery - 33.33% on straight line

Financial instruments

The Company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances and investments in commercial

paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction,

where the transaction is measured at the present value of the future receipts discounted at a market rate of

interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective

evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount

and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The

impairment loss is recognised in the Income Statement.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised,

the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the

carrying amount would have been had the impairment not previously been recognised. The impairment reversal

is recognised in the Income Statement.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint

ventures, are initially measured at fair value, which is normally the transaction price.

Such assets are subsequently carried at fair value and the changes in fair value are recognised in, the Income

Statement, except that investments in equity instruments that are not publicly traded and whose fair values cannot

be measured reliably are measured at cost less impairment.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or

settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party

or (c)control of the asset has been transferred to another party who has the practical ability to unilaterally sell the

asset to an unrelated third party without imposing additional restrictions.

Taxation

Taxation for the year comprises current 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 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

Research and development

Revenue 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 net liabilities. The directors,

however, 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, they are of the opinion that they should continue to

adopt the going concern basis in preparing the annual financial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid

investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to

changes in value.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2017

and 31 December 2017

45,181

DEPRECIATION

At 1 January 2017

44,694

Charge for year

296

At 31 December 2017

44,990

NET BOOK VALUE

At 31 December 2017

191

At 31 December 2016

487

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

32,280

6,120

Other debtors

-

38,089

32,280

44,209

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

1,200

24,549

Amounts owed to group undertakings

217,449

126,549

Taxation and social security

9,347

-

Other creditors

22,675

25,382

250,671

176,480

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

10,000

Ordinary

£0.0002

2

2

1,000

Ordinary B

£0.0001

-

-

2

2

Ordinary Shareholders have full voting rights and the right to attend meetings. They are entitled to dividend

payments or any other distribution and is entitled to participate in a distribution arising from a winding up of the

company.

Ordinary B Shareholders have no voting rights and no right to attend meetings; however they rank pari passu in

all other respects to Ordinary Shareholders.

9.	RELATED PARTY DISCLOSURES

During the year, companies under common directorship settled expenses totalling £nil on behalf of the company

and received advances of £90,901.

At the date of the financial statements, the company owed £217,449 (2016 - £126,548) to companies under

common directorship. The loans are interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

PI Limited is the immediate controlling parent, a company incorporated in England and Wales (registered

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

ultimate parent company is PI Benchmark Ltd, a company incorporated in England and Wales whose registered

office is situated at 7th Floor, 52 Grosvenor Gardens, London, SW1W 0AU. The ultimate controlling party is A

N Shah.