From the administrators' statement

Relevant extracts from the Company’s draft financial statements and management accounts are summarised below:

Year Year Year

ended ended ended SME Platform Limited 31/12/19 31/12/18 31/12/17 Turnover 367,575 155,600 117,000 Cost of Sales (331,653) (1,734,407) (752,536) Gross profit/(loss} 35,922 (1,578,807) (635,536) Administrative and other costs (2,918,917) (1,354,935) (595,257) Interest receivable/(payable) 76,855 180,084 (18,038) Profit/(loss) before taxation (2,806,140) (2,753,658) (1,248,831) Tax on profit/(loss) : = (50,544) Profit/(loss) for the year (2,806,140) (2,753,658) (1,299,375) Assets Tangible fixed assets 21,142 30,284 29,713 Intangible fixed assets 450,243 704,172 538,642 Cash 12,592 206,813 66,742 Accounts receivable 16,757 207,822 384,965 Total assets 500,734 1,149,091 1,020,062 Liabilities Creditors falling due within 1 year (2,385,238) (1,415,183) (911,046) Creditors falling due after 1 year (2,559,167) (1,341,255) - Total Liabilities (4,944,405) (2,756,438) (911,046) Net assets _(4,443,671) (1,607,347) 109,016 Capital and reserves Share capital 269 269 248 Share premium account 2,729,603 2,729,603 1,722,453 Profit and loss account (7,173,543) (4,367,403) (1,613,685) Shareholder funds (4,443,671) (1,637,531) 109,016

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SME Platform Ltd. (09321861)

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