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REGISTERED NUMBER: 08153977 (England and Wales)















Financial Statements for the Year Ended 30 June 2018

for

B.C. Strategy UK Ltd

B.C. Strategy UK Ltd (Registered number: 08153977)






Contents of the Financial Statements
for the Year Ended 30 June 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B.C. Strategy UK Ltd

Company Information
for the Year Ended 30 June 2018







DIRECTOR: Dr A Yanus



REGISTERED OFFICE: City Point
1 Ropemaker Street
Moorgate
London
EC2Y 9HT



REGISTERED NUMBER: 08153977 (England and Wales)



SENIOR STATUTORY AUDITOR: Katherine White



AUDITORS: Buzzacott LLP
130 Wood Street
London
EC2V 6DL

B.C. Strategy UK Ltd (Registered number: 08153977)

Balance Sheet
30 June 2018

30.6.18 30.6.17
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,942 28,935

CURRENT ASSETS
Debtors 5 1,333,025 2,314,664
Investments 6 5,722,852 1,340,920
Prepayments and accrued income - 115,646
Cash at bank 1,392,434 274,888
8,448,311 4,046,118
CREDITORS
Amounts falling due within one year 7 3,204,081 1,144,549
NET CURRENT ASSETS 5,244,230 2,901,569
TOTAL ASSETS LESS CURRENT LIABILITIES 5,281,172 2,930,504

PROVISIONS FOR LIABILITIES 7,019 9,497
NET ASSETS 5,274,153 2,921,007

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 10 5,273,153 2,920,007
SHAREHOLDERS' FUNDS 5,274,153 2,921,007

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 27 March 2019 and were signed by:





Dr A Yanus - Director


B.C. Strategy UK Ltd (Registered number: 08153977)

Notes to the Financial Statements
for the Year Ended 30 June 2018

1. STATUTORY INFORMATION

B.C. Strategy 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 (£).


The company's principal place of business is the registered office.

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 and rendering of services
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company
and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration
received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover
represents the amounts derived from the provision of business intelligence services, which falls within the
company's ordinary activities, all of which are continuing, stated net of value added tax.

Turnover arising from the provision of business intelligence services is assessed on a contract by contract basis
and reflected in the statement of income and retained earnings by recording turnover and related costs as
contract activity progresses. Turnover is calculated as the proportion of total contract value which contract
costs to date bear to total expected contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 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.

B.C. Strategy UK Ltd (Registered number: 08153977)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

2. ACCOUNTING POLICIES - continued

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.

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.

Financial instruments
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period
for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is
recognised in profit or loss.

Valuation of investments
Investments are measured at the fair value of the portfolio investment. Gains and losses on remeasurement
are recognised in the profit and loss in the year.

Debtors
Short term debtors are measured at transaction price, less any impairment such as provision for doubtful
debts.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2017 - 17 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2017 109,452
Additions 49,926
At 30 June 2018 159,378
DEPRECIATION
At 1 July 2017 80,517
Charge for year 41,919
At 30 June 2018 122,436
NET BOOK VALUE
At 30 June 2018 36,942
At 30 June 2017 28,935

B.C. Strategy UK Ltd (Registered number: 08153977)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
as restated
£    £   
Trade debtors 781,753 1,797,383
Other debtors 551,272 517,281
1,333,025 2,314,664

Included within other debtors are amounts due from the director totalling £400,000 (2017 : £250,000).

6. CURRENT ASSET INVESTMENTS
30.6.18 30.6.17
as restated
£    £   
Short-term investments 5,722,852 1,340,920

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
as restated
£    £   
Amounts owed to group undertakings 746,881 16,084
Taxation and social security 532,486 136,225
Other creditors 1,924,714 992,240
3,204,081 1,144,549

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.18 30.6.17
as restated
£    £   
Within one year 111,966 303,908

9. PRIOR YEAR ADJUSTMENTS

In the financial statements for the year ended 30 June 2017, the current asset investments had been included
within bank and cash. The correct value of the investment was £1,340,920.

In addition to this, an amount had originally been reversed in revenue during the year ended 30 June 2018
rather than being written off as a bad debt during the year ended 30 June 2017. An adjustment was raised to
include this bad debt of £342,096 in the correct period.

An adjustment was also raised to include deferred and accrued income in the correct period. This reduced
prior period income by £701,900. An adjustment was then raised to defer related expenses of £730,797
recharged from the parent company, reducing expenses and amounts due to the parent company in the prior
period by this amount.

B.C. Strategy UK Ltd (Registered number: 08153977)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

10. RESERVES
Retained
earnings
£   

At 1 July 2017 3,203,871
Prior year adjustment (283,864 )
2,920,007
Profit for the year 2,353,146
At 30 June 2018 5,273,153

11. AUDITOR'S INFORMATION

The auditor's report on the financial statements for the year ended 30 June 2018 was unqualified and there
were no matters to which the auditor drew attention by way of emphasis.

The audit report was signed by Katherine White (Senior Statutory Auditor) on behalf of Buzzacott LLP
(Statutory Auditor), 130 Wood Street, London, EC2V 6DL.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2018 and
30 June 2017:

30.6.18 30.6.17
as restated
£    £   
Dr A Yanus
Balance outstanding at start of year 250,000 250,000
Amounts advanced 150,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 400,000 250,000

13. RELATED PARTY DISCLOSURES

Included in the accounts are consultancy fees of £7,958,848 (2017 : £3,946,694) charged by B C Strategy Ltd
(incorporated in Israel), the parent company. These transactions were at arms length and in the ordinary
course of business.

At the year end, the amount due to the parent company was £746,881 (2017 : £16,084). No interest has been
charged.