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REGISTERED NUMBER: 06539484 (England and Wales)















Financial Statements for the Year Ended 30 June 2017

for

Scentrics Information Security
Technologies Limited

Scentrics Information Security
Technologies Limited (Registered number: 06539484)

Contents of the Financial Statements
for the Year Ended 30 June 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scentrics Information Security
Technologies Limited

Company Information
for the Year Ended 30 June 2017







DIRECTORS: D E Svendsen
P J Price
G Chandrasekaran
J J Mohamed





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 06539484 (England and Wales)






Scentrics Information Security
Technologies Limited (Registered number: 06539484)

Balance Sheet
30 June 2017

30.6.17 30.6.16
Notes £    £   
FIXED ASSETS
Intangible assets 4 504,014,092 20,455
Property, plant and equipment 5 6,463 8,618
Investments 6 10 -
504,020,565 29,073

CURRENT ASSETS
Debtors 7 1,051,556 1,047,027
Cash at bank 893,815 2,793,822
1,945,371 3,840,849
CREDITORS
Amounts falling due within one year 8 (893,718 ) (893,232 )
NET CURRENT ASSETS 1,051,653 2,947,617
TOTAL ASSETS LESS CURRENT LIABILITIES 505,072,218 2,976,690

PROVISIONS FOR LIABILITIES (99,546,235 ) -
NET ASSETS 405,525,983 2,976,690

CAPITAL AND RESERVES
Called up share capital 130 130
Share premium 5,778,596 5,778,596
Retained earnings 399,747,257 (2,802,036 )
405,525,983 2,976,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Scentrics Information Security
Technologies Limited (Registered number: 06539484)

Balance Sheet - continued
30 June 2017


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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 23 August 2018 and were signed on its
behalf by:





G Chandrasekaran - Director


Scentrics Information Security
Technologies Limited (Registered number: 06539484)

Notes to the Financial Statements
for the Year Ended 30 June 2017


1. STATUTORY INFORMATION

Scentrics Information Security Technologies 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 as modified by the revaluation of certain assets.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost plus any revaluation, less any accumulated amortisation and accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years. Patents
and licences are measured at fair value using the revaluation model by reference to an active market.

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 - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

Scentrics Information Security
Technologies Limited (Registered number: 06539484)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 July 2016 22,728
Revaluations 559,995,455
At 30 June 2017 560,018,183
AMORTISATION
At 1 July 2016 2,273
Charge for year 56,001,818
At 30 June 2017 56,004,091
NET BOOK VALUE
At 30 June 2017 504,014,092
At 30 June 2016 20,455

Cost or valuation at 30 June 2017 is represented by:

Other
intangible
assets
£   
Valuation in 2017 559,995,455
Cost 22,728
560,018,183

If patents and licences had not been revalued they would have been included at the following
historical cost:

30.6.17 30.6.16
£    £   
Cost 22,728 22,728
Aggregate amortisation (4,546 ) (1,136 )

Patents and licences were valued on an open market basis on 20 August 2018 by the Directors .

Scentrics Information Security
Technologies Limited (Registered number: 06539484)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017


5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 July 2016
and 30 June 2017 40,219
DEPRECIATION
At 1 July 2016 31,601
Charge for year 2,155
At 30 June 2017 33,756
NET BOOK VALUE
At 30 June 2017 6,463
At 30 June 2016 8,618

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 10
At 30 June 2017 10
NET BOOK VALUE
At 30 June 2017 10

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

PaliApps Ltd
Registered office: Sterling House, 27 Hatchlands Road, Redhill, Surrey, RH1 6RW
Nature of business: Dormant Company
%
Class of shares: holding
Ordinary 100.00
30.6.17
£   
Aggregate capital and reserves 10

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
£    £   
Other debtors 1,051,556 1,047,027

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
£    £   
Other creditors 893,718 893,232

Scentrics Information Security
Technologies Limited (Registered number: 06539484)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017


9. FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102 (Section 1A).

Neither the opening equity, nor the profit or loss were affected as a result of the transition from UK
GAAP to FRS 102 (Section 1A).