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REGISTERED NUMBER: 09069930 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2017 TO 31 JULY 2018

FOR

CAPTAIN AI TECHNOLOGIES LTD

CAPTAIN AI TECHNOLOGIES LTD (REGISTERED NUMBER: 09069930)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2017 TO 31 JULY 2018










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CAPTAIN AI TECHNOLOGIES LTD

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2017 TO 31 JULY 2018







DIRECTOR: A R Perera





SECRETARY: OHS Secretaries Limited





REGISTERED OFFICE: 9th Floor
107 Cheapside
London
EC2V 6DN





REGISTERED NUMBER: 09069930 (England and Wales)





ACCOUNTANTS: Horizon Accounts Ltd
Stapleton House Second Floor
110 Clifton Street
London
EC2A 4HT

CAPTAIN AI TECHNOLOGIES LTD (REGISTERED NUMBER: 09069930)

STATEMENT OF FINANCIAL POSITION
31 JULY 2018

31.7.18 30.11.17
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,577 10,194

CURRENT ASSETS
Debtors 6 128,439 118,529
Cash at bank 115,638 204,057
244,077 322,586
CREDITORS
Amounts falling due within one year 7 634,142 592,252
NET CURRENT LIABILITIES (390,065 ) (269,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(382,488

)

(259,472

)

CAPITAL AND RESERVES
Called up share capital 229 229
Share premium 1,785,822 1,795,822
Other reserves 24,598 24,598
Retained earnings (2,193,137 ) (2,080,121 )
SHAREHOLDERS' FUNDS (382,488 ) (259,472 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13 November 2018 and were signed by:



A R Perera - Director


CAPTAIN AI TECHNOLOGIES LTD (REGISTERED NUMBER: 09069930)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2017 TO 31 JULY 2018


1. STATUTORY INFORMATION

Captain Ai Technologies Ltd 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.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write
off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Office equipment - 25% and 33.33% on straight line
Computer equipment - 33.33% on straight line

CAPTAIN AI TECHNOLOGIES LTD (REGISTERED NUMBER: 09069930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2017 TO 31 JULY 2018


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at
the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently
carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective
evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount
and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The
impairment loss is recognised in the Statement of Comprehensive Income.

If there is decrease in the impairment loss arising from an event occurring after the impairment as recognised the
impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying
amount would have been had the impairment not previously been recognised. The impairment reversal is
recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or
settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party
or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the
asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, loans from fellow Group companies that are
classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Creditors are classified as current liabilities if payment is due within one year. If not,
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is
discharged, cancelled or expires.

Taxation
Taxation for the period comprises current 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 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.

The tax credit disclosed in the income statement represents the surrender of corporation tax losses for research
and development tax credit.

CAPTAIN AI TECHNOLOGIES LTD (REGISTERED NUMBER: 09069930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2017 TO 31 JULY 2018


3. ACCOUNTING POLICIES - continued

Research and development
Revenue expenditure on research and development is written off in the year in which it is incurred.

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.

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.

Going concern
The financial statements have been prepared on the going concern basis. The company incurred losses during the
period and the statement of financial position shows negative net assets. The director is of the opinion that the
ongoing research and development work along with access to funds will provide the company with sufficient
resources to meet its financial obligations, if and when, they become due. It is on this basis he believes that the
financial statements are to be prepared on the going concern basis.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to
changes in value.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2017 - 5 ) .

CAPTAIN AI TECHNOLOGIES LTD (REGISTERED NUMBER: 09069930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2017 TO 31 JULY 2018


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2017 7,886 5,513 13,399
Additions - 191 191
At 31 July 2018 7,886 5,704 13,590
DEPRECIATION
At 1 December 2017 2,062 1,143 3,205
Charge for period 1,543 1,265 2,808
At 31 July 2018 3,605 2,408 6,013
NET BOOK VALUE
At 31 July 2018 4,281 3,296 7,577
At 30 November 2017 5,824 4,370 10,194

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 30.11.17
as restated
£    £   
Trade debtors 43,786 31,081
Other debtors 84,653 87,448
128,439 118,529

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 30.11.17
as restated
£    £   
Trade creditors 14,017 6,732
Taxation and social security 2,590 6,301
Other creditors 617,535 579,219
634,142 592,252

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.18 30.11.17
as restated
£    £   
Within one year - 6,500

CAPTAIN AI TECHNOLOGIES LTD (REGISTERED NUMBER: 09069930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2017 TO 31 JULY 2018


9. ULTIMATE CONTROLLING PARTY

During the year there is no ultimate controlling party.