REGISTERED NUMBER: 07281693 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

ACADIASOFT (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Scott Petersen

Christopher Walsh

Mark Stein

SECRETARIES:

Scott Petersen

Jordan Company Secretaries Limited

REGISTERED OFFICE:

Suite 1, 3rd Floor

11-12 St James's Square

London

SW1Y 4LB

REGISTERED NUMBER:

07281693 (England and Wales)

ACCOUNTANTS:

Jordans Accounting Services

First Floor, Templeback

10 Temple back

Bristol

BS1 6FL

FIXED ASSETS

Tangible assets

4

23,083

4,009

CURRENT ASSETS

Debtors

5

2,074,740

55,715

Cash at bank and in hand

333,433

192,125

2,408,173

247,840

CREDITORS

Amounts falling due within one year

6

(4,640,042

)

(2,506,532

)

NET CURRENT LIABILITIES

(2,231,869

)

(2,258,692

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,208,786

)

(2,254,683

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(2,208,787

)

(2,254,684

)

SHAREHOLDERS' FUNDS

(2,208,786

)

(2,254,683

)

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 14 September 2017 and were signed on its behalf by:

Scott Petersen - Director

1.	STATUTORY INFORMATION

Acadiasoft (UK) 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.	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.

Turnover

Turnover is derived from the transfer pricing agreement in place on a cost plus basis.

Tangible fixed assets

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

Depreciation is charged at 20%.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is

a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at

transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or

less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction

price.

Cash and cash equivalents comprise of cash at bank.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

Group loans

Inter group loans are interest free and repayable on demand.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

7,007

Additions

21,655

At 31 December 2016

28,662

DEPRECIATION

At 1 January 2016

2,998

Charge for year

2,581

At 31 December 2016

5,579

NET BOOK VALUE

At 31 December 2016

23,083

At 31 December 2015

4,009

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

£

Trade debtors

1,981,754

-

Other debtors

92,986

55,715

2,074,740

55,715

Included within trade debtors is an amount owing from the parent company per the transfer pricing agreement in

place.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

£

Trade creditors

36,419

9,499

Taxation and social security

105,432

27,439

Other creditors

4,498,191

2,469,594

4,640,042

2,506,532

Amounts included within other creditors are unsecured, interest free and repayable on demand.