REGISTERED NUMBER: 05482245 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2016

for

ABI Research UK Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

J Galvez

T Archdeacon

S Carlaw

SECRETARY:

J Galvez

REGISTERED OFFICE:

161 Rickman Hill

Coulsdon

Surrey

CR5 3DU

REGISTERED NUMBER:

05482245 (England and Wales)

ACCOUNTANTS:

SLOANE WINCKLESS & CO

2-4 Stoneleigh Park Road

Epsom

Surrey

KT19 0QT

The directors present their report with the financial statements of the company for the year ended 31 December 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a consultant providing research, market reports

and advisory services in the information technology sector to ABI Research group companies.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2016 to the date of this report.

J Galvez

T Archdeacon

S Carlaw

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

S Carlaw - Director

1 June 2017

TURNOVER

-

-

Administrative expenses

1,398,158

1,347,293

OPERATING LOSS

4

(1,398,158

)

(1,347,293

)

Interest receivable and similar income

1

1

LOSS BEFORE TAXATION

(1,398,157

)

(1,347,292

)

Tax on loss

-

-

LOSS FOR THE FINANCIAL YEAR

(1,398,157

)

(1,347,292

)

FIXED ASSETS

Tangible assets

5

8,809

12,692

CURRENT ASSETS

Debtors

6

57,908

56,891

Cash in hand

49,161

14,161

107,069

71,052

CREDITORS

Amounts falling due within one year

7

9,618,840

8,188,549

NET CURRENT LIABILITIES

(9,511,771

)

(8,117,497

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,502,962

)

(8,104,805

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(9,502,963

)

(8,104,806

)

SHAREHOLDERS' FUNDS

(9,502,962

)

(8,104,805

)

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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 June 2017 and were signed on its behalf by:

T Archdeacon - Director

S Carlaw - Director

1.	STATUTORY INFORMATION

ABI Research UK 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.

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

-

33% on cost, 25% on reducing balance and in accordance with the property

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.

Pensions

The company operated a defined contribution pension scheme. Contributions payable for the year are charged in

the profit and loss account.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets

and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange at the balance

sheet date. Exchange differences are taken into account in arriving at the operating profit or loss.

Going concern

At the balance sheet date, the company's liabilities exceeded it assets by £9,502,962 (2015 - £8,104,805). The

company had the financial support of its holding company. In these circumstances, the financial statements have

been prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 .

4.	OPERATING LOSS

The operating loss is stated after charging:

31.12.16

31.12.15

£

£

Depreciation - owned assets

3,883

4,101

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

46,579

DEPRECIATION

At 1 January 2016

33,887

Charge for year

3,883

At 31 December 2016

37,770

NET BOOK VALUE

At 31 December 2016

8,809

At 31 December 2015

12,692

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other debtors

57,908

56,891

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Amounts owed to group undertakings

9,496,274

8,096,274

Taxation and social security

44,613

32,225

Other creditors

77,953

60,050

9,618,840

8,188,549

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, £9,423,012 (2015 - £8,023,012) was due by the company to ABI Research Inc.

At the balance sheet date, £73,262 (2015 - £73,262) was due by the company to ABI Research Singapore

Limited.