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REGISTERED NUMBER: 08021550 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 December 2018

for

Resolving Limited

Resolving Limited (Registered number: 08021550)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Balance Sheet 1

Notes to the Financial Statements 3


Resolving Limited (Registered number: 08021550)

Balance Sheet
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,339,823 800,526
Tangible assets 5 104,387 115,894
Investments 6 1,059 1,001
1,445,269 917,421

CURRENT ASSETS
Debtors 7 3,486,368 480,029
Cash at bank and in hand 3,354,299 449,230
6,840,667 929,259
CREDITORS
Amounts falling due within one year 8 1,604,558 934,757
NET CURRENT ASSETS/(LIABILITIES) 5,236,109 (5,498 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,681,378

911,923

CAPITAL AND RESERVES
Called up share capital 171,738 121,182
Share premium 12,117,977 4,665,467
Retained earnings (5,608,337 ) (3,874,726 )
SHAREHOLDERS' FUNDS 6,681,378 911,923

Resolving Limited (Registered number: 08021550)

Balance Sheet - continued
31 December 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 26 March 2019 and were signed on its behalf by:





J Walker - Director


Resolving Limited (Registered number: 08021550)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Resolving Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address are as below:

Registered number: 08021550

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

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.

Turnover
Turnover represents the net invoice value, excluding value added tax, of sales relating to the year.

Patents & trademarks
Patents and trademarks are valued at cost less accumulated amortisation.
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 4
years.

Development costs
Amortisation is provided on a straight line basis over 3 years in order to write off the cost less estimated residual
value of the asset over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Straight line over 3 years
Fixtures and fittings - Straight line over 4 years

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet 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.

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.

Going concern
The company has incurred losses in the last two consecutive years. However, the directors believe sufficient
financial resources are available to the company to enable it to continue trading into the foreseeable future.
Therefore, the financial statements have been prepared on a going concern basis.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Resolving Limited (Registered number: 08021550)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

2. ACCOUNTING POLICIES - continued

Share based payments
Where share options are awarded to employees, where material,the fair value of the vested options at the date of
grant is charged to the profit and loss.

Where equity instruments are granted to persons other than employees, the profit and loss is charged with the fair
value of goods and services received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2018 1,729,116
Additions 1,122,781
At 31 December 2018 2,851,897
AMORTISATION
At 1 January 2018 928,590
Charge for year 583,484
At 31 December 2018 1,512,074
NET BOOK VALUE
At 31 December 2018 1,339,823
At 31 December 2017 800,526

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2018 81,421 62,577 143,998
Additions - 37,974 37,974
At 31 December 2018 81,421 100,551 181,972
DEPRECIATION
At 1 January 2018 6,785 21,319 28,104
Charge for year 27,140 22,341 49,481
At 31 December 2018 33,925 43,660 77,585
NET BOOK VALUE
At 31 December 2018 47,496 56,891 104,387
At 31 December 2017 74,636 41,258 115,894

Resolving Limited (Registered number: 08021550)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2018 1,001
Additions 58
At 31 December 2018 1,059
NET BOOK VALUE
At 31 December 2018 1,059
At 31 December 2017 1,001

7. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Trade debtors 519,403 230,632
Amounts owed by related parties 848,521 -
Other debtors 912,590 249,397
2,280,514 480,029

Amounts falling due after more than one year:
Amounts owed by related parties 1,205,854 -

Aggregate amounts 3,486,368 480,029

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 145,793 97,383
Amounts owed to related parties 1,191,159 5,811
Taxation and social security 110,125 34,306
Other creditors 157,481 797,257
1,604,558 934,757

9. OTHER FINANCIAL COMMITMENTS

At the period end the total financial commitments was £353,040 (2017; £564,864)

Resolving Limited (Registered number: 08021550)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2018 and the year
period ended 31 December 2017

2018 2017
£    £   

Amounts Advanced 172,594 93,575
Amounts Repaid (174,737 ) (70,108 )

The loan to the director is repayable on demand. Interest is charged on loans at the official rate set by HMRC.

Resolving Limited (Registered number: 08021550)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

11. SHARE CAPITAL

Resolving Limited, issued EMI options to certain employees which provides additional remuneration for those
employees who are key to the operations of the company. The options are granted with a fixed exercise price
determined at the grant of the option. The options vest between 1 May 2015 to 21 January 2021 and they are
exercisable within 10 years from the date of grant. Employees are not entitled to dividends until the shares are
exercised. Vesting of options is subject to continued employment with the company.

The following options have been granted as at 31 December 2018.





Share scheme



Date of Grant
Number of
Ordinary
Shares Under
Option


Exercise
Price


Exercise
Period

Enterprise Management Incentives

30/01/2015

390,000

£0.01
31/01/2016 -
31/01/2026

Enterprise Management Incentives

10/03/2015

5,000

£0.01
11/03/2016 -
11/03/2026

Enterprise Management Incentives

08/06/2015

10,000

£0.01
09/06/2016 -
09/06/2026

Enterprise Management Incentives

21/09/2015

5,000

£0.01
22/09/2016 -
22/09/2026

Enterprise Management Incentives

01/12/2015

15,000

£0.01
02/12/2016 -
02/12/2026

Unapproved Share Option Scheme

02/05/2015

15,000

£0.01
03/05/2016 -
03/05/2026

Enterprise Management Incentives

03/10/2016

5,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

01/12/2016

10,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

04/12/2016

75,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

29/12/2016

5,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

10/01/2017

5,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

04/04/2017

10,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

24/04/2017

15,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

13/05/2017

5,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

27/05/2017

10,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

02/08/2017

10,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

05/09/2017

15,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

26/09/2017

25,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

01/10/2017

85,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

14/10/2017

5,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

21/11/2017

10,000

£0.01
22/01/2018 -
22/01/2028

Enterprise Management Incentives

05/12/2017

5,000

£0.01
22/01/2018 -
22/01/2028

Resolving Limited (Registered number: 08021550)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

Enterprise Management Incentives

22/01/2018

55,000

£0.01
22/01/2019 -
22/01/2029

Enterprise Management Incentives

22/01/2018

331,000

£0.01
23/04/2018 -
23/04/2028

The directors consider the fair value of the share options to be immaterial, therefore not provided.

The company only recognises expenses relating to these options based on the employees, employed directly by
the company for the elapsed vesting period.