for the Period Ended 29 May 2020
Balance sheet | |
Notes |
As at
Notes | 11 months to 29 May 2020 | 2019 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Investments: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 5 | ( | ( |
Total net assets (liabilities): | ( | ( | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | ( | ( | |
Shareholders funds: | ( | ( |
The notes form part of these financial statements
The directors have chosen to not file a copy of the company’s profit & loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 29 May 2020
for the Period Ended 29 May 2020
11 months to 29 May 2020 | 2019 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 29 May 2020
The Company, LPE Enterprises Limited, acquired the technology interests in three companies in accordance with the Share PurchaseAgreement dated 21 June 2018 for the sum of £20 million. The Company, LPE Enterprises Limited, has entered into a Loan Agreement with London Oil & Gas Limited to provide the funding, up to a maximum of £20 million, to make this acquisition repayable over the next three years. These shares were acquired from related parties who were the shareholders of the three individual companies concerned namely London Artificial Intelligence Limited and Intelligent Technology Investments Limited together with its subsidiary company, Asset Mapping Limited. London Power Corporation Limited has entered Administration on 4 April 2019. London Oil & Gas Limited has entered Administration on 18 March 2019. Intelligent Technology Investments Limited has entered Administration on 12 June 2019. Asset Mapping has entered Administration on 24 July 2019. These events may well have a significant impact on the carrying value of the Investments which is uncertain at present.
for the Period Ended 29 May 2020
for the Period Ended 29 May 2020
for the Period Ended 29 May 2020
Name of the related party: | | ||
Relationship: | Director | ||
Description of the Transaction: | | ||
£ | |||
Balance at 22 June 2019 | | ||
Balance at 29 May 2020 | |
for the Period Ended 29 May 2020