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REGISTERED NUMBER: 08758857 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

SANNPA LIMITED

SANNPA LIMITED (REGISTERED NUMBER: 08758857)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SANNPA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: S M D Mathews
W Sleijffers
H Wallin





REGISTERED OFFICE: 28 Redchurch Street
London
E2 7DP





REGISTERED NUMBER: 08758857 (England and Wales)





ACCOUNTANTS: Horizon Accounts Limited
Stapleton House
Block A, 2nd Floor
110 Clifton Street
London
EC2A 4HT

SANNPA LIMITED (REGISTERED NUMBER: 08758857)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Investments 4 6,681 6,681

CURRENT ASSETS
Debtors 5 3,421,846 1,459,266

CREDITORS
Amounts falling due within one year 6 1,827,993 216,570
NET CURRENT ASSETS 1,593,853 1,242,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,600,534

1,249,377

CAPITAL AND RESERVES
Called up share capital 213 105
Share premium 1,335,590 1,230,940
Share option reserve 264,699 18,300
Retained earnings 32 32
SHAREHOLDERS' FUNDS 1,600,534 1,249,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 by the Board of Directors on 26 September 2017 and were signed on its behalf
by:





S M D Mathews - Director


SANNPA LIMITED (REGISTERED NUMBER: 08758857)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Sannpa 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Sannpa Limited as an individual company and do not contain
consolidated financial information as the parent of a group. The company has taken the option under Section 398
of the Companies Act 2006 not to prepare consolidated financial statements.

Significant judgements and estimates
There are no significant judgements and estimates applied to the members contained within these financial
statements.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

SANNPA LIMITED (REGISTERED NUMBER: 08758857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
statement of financial position 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.

Fixed asset investments
Fixed asset investments are held at cost less diminution in value.

Going concern
The financial statements have been prepared on the going concern basis. The directors are aware that the balance
sheet of the company reflects net liabilities at the end of the period. The company has been successful in raising
additional share capital post period end. The additional share capital together with the cash balances on hand has
given the directors a reasonable expectation that the company will have adequate resources to meet its future
obligations, if and when, they become due. It is on this basis that the directors are of the opinion that they should
continue to adopt the going concern basis in preparing the annual financial statements.

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2016
and 31 December 2016 6,681
NET BOOK VALUE
At 31 December 2016 6,681
At 31 December 2015 6,681

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Amounts owed by group undertakings 3,421,846 1,459,266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Amounts owed to group undertakings 150,000 150,000
Taxation and social security 7 7
Other creditors 1,677,986 66,563
1,827,993 216,570

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

SANNPA LIMITED (REGISTERED NUMBER: 08758857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


8. ULTIMATE CONTROLLING PARTY

The controlling party is S M D Mathews.

9. SHARE-BASED PAYMENT TRANSACTIONS

The group operates an EMI option scheme for eligible employees. At the date of the statement of financial
position, the group had granted 2,023 options to 2 employees of which 1,280 had been previously exercised. All
options have a vesting period of 3 years.

The liability of the scheme is recognised in this company, being the ultimate parent company of the group.