Matchriver Intellectual Property Rights - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06690063 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2017

for

MATCHRIVER INTELLECTUAL PROPERTY RIGHTS

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R R Gordon

G R Harrison

SECRETARY:

Mrs A J Harrison

REGISTERED OFFICE:

Suite G1

Montpellier House

Montpellier Drive

Cheltenham

Gloucestershire

GL50 1TY

REGISTERED NUMBER:

06690063 (England and Wales)

ACCOUNTANTS:

Davies Mayers Barnett LLP

Pillar House

113/115 Bath Road

Cheltenham

Gloucestershire

GL53 7LS

FIXED ASSETS

Intangible assets

5

1

1

CURRENT ASSETS

Cash in hand

128

127

TOTAL ASSETS LESS CURRENT LIABILITIES

129

128

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

9

8

SHAREHOLDERS' FUNDS

129

128

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 17th October 2017 and were signed on its behalf by:

R R Gordon - Director

1.	STATUTORY INFORMATION

Matchriver Intellectual Property Rights 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.

Details of adjustments made on transition to FRS 102 are disclosed in the First Year Adoption note.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, under the historical cost basis except for

the modification to a fair value basis where specified.

Turnover

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for

estimated customer returns, rebates and other similar allowances.

Intangible assets

Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Patents and licences are initially recorded at cost when an asset is created that can be identified and it is probable

that future economic benefit will be derived from it. Where no asset can be recognised the expenditure is

recorded as a cost in the period which it is incurred

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account,

except that a change attributable to an item of income and expense recognised as other comprehensive income or

to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity

respectively.

Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the

balance sheet date.

Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted

by the balance sheet date.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past

event, it is probable than an outflow of economic benefits will be required in settlement and the amount can be

reliably estimated.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance

sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is

estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an

impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount where

the impairment loss is a revaluation decrease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2016

and 31st March 2017

1

NET BOOK VALUE

At 31st March 2017

1

At 31st March 2016

1

6.	GUARANTEES CONTINGENCIES LIABILITIES AND OTHER FINANCIAL COMMITMENTS

As at 31st March 2017 the company had no guarantees, contingencies or financial commitments. (2016 : None)

7.	FIRST YEAR ADOPTION

This year is the first year the company has presented its results under FRS 102 Section 1A. The last financial

statements prepared under the previous UK GAAP were for the period ended 31st March 2016. The date of

transition to FRS 102 Section 1A was 1st April 2015.

No material adjustments have been noted on transition to FRS 102 Section 1A.