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REGISTERED NUMBER: 10161957 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

SS PROTECT LIMITED

SS PROTECT LIMITED (REGISTERED NUMBER: 10161957)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SS PROTECT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTORS: Just Develop It Limited
Mr C S Phillips





SECRETARY: Gibson Whitter Secretaries Limited





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 10161957 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

SS PROTECT LIMITED (REGISTERED NUMBER: 10161957)

BALANCE SHEET
31 DECEMBER 2017

31.12.17 31.12.16
Notes $    $    $    $   
FIXED ASSETS
Tangible assets 4 106,484 17,965
Investments 5 533 -
107,017 17,965

CURRENT ASSETS
Debtors 6 3,278,104 1,970,262
Cash at bank 2,860,195 2,088,440
6,138,299 4,058,702
CREDITORS
Amounts falling due within one year 7 37,740,983 11,434,086
NET CURRENT LIABILITIES (31,602,684 ) (7,375,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,495,667

)

(7,357,419

)

CAPITAL AND RESERVES
Called up share capital 9 14,000 14,000
Retained earnings (31,509,667 ) (7,371,419 )
SHAREHOLDERS' FUNDS (31,495,667 ) (7,357,419 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 27 June 2018
and were signed on its behalf by:





Mr C S Phillips - Director


SS PROTECT LIMITED (REGISTERED NUMBER: 10161957)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1. STATUTORY INFORMATION

SS Protect 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.

The company's balance sheet at the year end shows net current liabilities and net liabilities. This
position is due to a combination of amounts owed to shareholders ($19,221K) and deferred income
($9,531K). Those shareholders who are owed money by the company at the balance sheet date have
agreed not to seek repayment of the amounts they are owed unless the company has sufficient funds
to do so. The deferred income will be released to the income statement during the next year. The
company has the continued financial support of its shareholders for the foreseeable future to meet its
liabilities as they fall due. On this basis the directors have prepared the financial statements on the
going concern basis.

Turnover
The company generates revenue primarily from selling subscriptions for computer protection software.
The subscriptions are provided under contracts pursuant to which the company has ongoing
obligations to support the subscriber. These contracts range from service periods of between 1 and 12
months and typically require payment in advance. The company recognises the associated revenue
ratably over the service period. This includes revenue in respect of add-ons.


Revenue is measured excluding discounts, rebates, value added tax and other sales taxes.

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 and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


SS PROTECT LIMITED (REGISTERED NUMBER: 10161957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into US Dollars at the rates of exchange ruling
at the balance sheet date. Transactions in foreign currencies are translated into US Dollars at the rate
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

Functional currency
The directors have reviewed the functional currency of the company and concluded that it is US
Dollars and therefore the financial statements have been prepared in this currency.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2016 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
$   
COST
At 1 January 2017 18,005
Additions 110,050
At 31 December 2017 128,055
DEPRECIATION
At 1 January 2017 40
Charge for year 21,531
At 31 December 2017 21,571
NET BOOK VALUE
At 31 December 2017 106,484
At 31 December 2016 17,965

SS PROTECT LIMITED (REGISTERED NUMBER: 10161957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
$   
COST
Additions 533
At 31 December 2017 533
NET BOOK VALUE
At 31 December 2017 533

The company's investments at the Balance Sheet date in the share capital of companies include the
following:

PC Protect Antivirus Limited
Registered office: Larch House, Parklands Business Park, Denmead, Hampshire, PO7 6XP
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

Scanguard Antivirus Limited
Registered office: Larch House, Parklands Business Park, Denmead, Hampshire, PO7 6XP
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

Protected Antivirus Limited
Registered office: Larch House, Parklands Business Park, Denmead, Hampshire, PO7 6XP
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

TotalAV Antivirus Limited
Registered office: Larch House, Parklands Business Park, Denmead, Hampshire, PO7 6XP
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

SS Protect (U.S.) LLC
Registered office: 5a Little Park Farm Road, Fareham, Hampshire, PO15 5SJ
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
$    $   
Amounts owed by group undertakings - 770,624
Other debtors 3,278,104 1,199,638
3,278,104 1,970,262

SS PROTECT LIMITED (REGISTERED NUMBER: 10161957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
$    $   
Trade creditors 6,342,680 1,178,589
Amounts owed to group undertakings 6,496,588 -
Taxation and social security 46,220 -
Other creditors 24,855,495 10,255,497
37,740,983 11,434,086

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.17 31.12.16
$    $   
Amounts owed to group 6,496,588 -
Other creditors 8,000,000 -
14,496,588 -

Amounts owed to group and other creditors are secured by a floating charge over the company's
assets.

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.17 31.12.16
value: $    $   
10,000 Ordinary £1 14,000 14,000

10. RELATED PARTY DISCLOSURES

During the year the company was charged rent, management fees and interest by group undertakings
totalling $575,784 (31.12.16: $nil).

The aggregate amount owed to group undertakings at the balance sheet date is $6,489,186 (31.12.16:
by group undertakings $638,022).

11. ULTIMATE CONTROLLING PARTY

The controlling party was Just Develop It Limited until 15 May 2017.

The ultimate controlling party was Chris Phillips until 15 May 2017.

From 15 May 2017 the company was not controlled by any one individual or entity.