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Unaudited Accounts | ||
for the year ended | ||
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Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Satoshipay Ltd for the year ended 31 December 2016.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Satoshipay Ltd for the year ended 31 December 2016 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://rulebook.accaglobal.com
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Chartered Certified Accountants
12-18 Hoxton Street,
London,
N1 6NG
Balance Sheet as at |
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Notes |
2016 Euro |
2015 Euro |
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Called up share capital not paid |
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Fixed assets | |||||
Tangible assets |
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Investments | 2 |
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Current assets | |||||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | ( |
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Net current assets / (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||||
Called up share capital | 3 |
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Share premium account |
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Profit and loss account | ( |
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Shareholders' funds |
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Balance Sheet
as at
The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.
Signed on behalf of the board of directors
...............................
M Benn
Director
Approved by the board on
Company No: 09366948 (England and Wales)
Notes to the Accounts
for the year ended
1. | Accounting policies |
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Basis of preparation of financial statements |
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Changes in accounting standards, policies and estimates The transition to a new accounting standard has resulted to some changes in the accounting policies. The nature of these changes, and any impact on the values displayed for the comparative period, are explained in the notes below where applicable. |
Going concern basis | |
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The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future. |
Tangible fixed assets depreciation policy | |||
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Research and development | |
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Foreign currencies | |
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2. | Investments | |||
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Shares in subsidiary undertakings | Total | |||
Euro | Euro | |||
Carrying amount at 1 January 2016 |
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Carrying amount at 31 December 2016 |
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Group undertakings and participating interests The company's investments in Satoshipay Germany UG at the balance sheet date has not changed since the previous year. |
3. | Share capital | |||
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2016 | 2015 | |||
Euro | Euro | |||
Allotted, called up and fully paid: | ||||
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147.10 | 133.31 |
Related party disclosures | ||
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Controlling party Satoshipay Ltd was wholly controlled by the director M Benn during the accounting period. SatoshiPay Germany UG was wholly controlled by Satoshipay Ltd during the same period. Satoshipay Ltd owes €79,051 to SatoshiPay Germany UG for expenses paid on behalf of the parent company. |