E-Stream-E Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03852651 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

31 DECEMBER 2017 TO 31 DECEMBER 2018

FOR

E-STREAM-E LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

Ms D Turner

J Alfieri

REGISTERED OFFICE:

C/O Atlas Interactive

Suite 2.3 78 Bukingham Gate

London

SW1E 6PE

REGISTERED NUMBER:

03852651 (England and Wales)

ACCOUNTANTS:

Cameron Baum Hollander Limited

88 Crawford Street

London

W1H 2EJ

CURRENT ASSETS

Debtors

359,177

348,756

Cash at bank

2,146

3,189

361,323

351,945

CREDITORS

Amounts falling due within one year

996,894

931,902

NET CURRENT LIABILITIES

(635,571

)

(579,957

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(635,571

)

(579,957

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(636,571

)

(580,957

)

SHAREHOLDERS' FUNDS

(635,571

)

(579,957

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 September 2019 and were signed on its behalf by:

Ms D Turner - Director

1.	STATUTORY INFORMATION

E-Stream-E 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK Pound Sterling, which is the functional currency of the company.

Related party exemption

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services, net of discounts,

rebates and value added taxes.

Income is recognised when a significant proportion of the service has been provided, the amount of revenue can

be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the

entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Taxation

Taxation for the period 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 period 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

Items included in the financial statements of the company are measured using the currency of the primary

economic environment in which the company operates ("the functional currency"). The financial statements are

presented in Sterling, which is the company's functional and presentation currency and is denoted by the symbol

"£".

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the

dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items

measured at historical cost are translated using the exchange rate at the date of the transaction and

non-monetary items measured at fair value are measured using the exchange rate when fair value was

determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents and all other

foreign exchange gains and losses are presented in the profit and loss account within ‘Foreign exchange losses

or gains’.

3.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Atlas Group of Companies Limited, incorporated in Bermuda.

4.	GOING CONCERN

The company has the ongoing financial support of its shareholders and this is expected for the foreseeable

future. The company is therefore able to continue as a going concern, based on this support.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of E-Stream-E Limited for the period ended 31 December 2018 which comprise the Abridged

Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of E-Stream-E Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of E-Stream-E Limited and state those matters that we have agreed to state to the Board of Directors of E-Stream-E Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than E-Stream-E Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that E-Stream-E Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of E-Stream-E Limited. You consider that E-Stream-E Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of E-Stream-E Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cameron Baum Hollander Limited

88 Crawford Street

London

W1H 2EJ

25 September 2019