Licensegateway LimitedLiquidiert

Licensegateway Limited

Köln

Abbreviated Balance Sheet as at 31/12/2012

LICENSEGATEWAY LIMITED, BIRMINGHAM

The director consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477(2) of the Companies Act 2006 and members have not required the company to obtain an audit of its accounts for the year in question in accordance with sections

476 of the Act. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006, and for preparing financial statements which give a true an faire view of the state of affairs of the Company as at 31/12/2012 and of its profit for the year then ended in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to the financial statements so far as applicable to the company.

The abbreviated accounts which have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime, were approved by the board on 31.12.2012 and signed on its behalf.

NOTES TO THE ABBREVIATED ACCOUNTS For the year ended 31/12/2012

1. ACCOUNTING POLICIES

1.1. Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been

prepared under the historical cost convention and in accordance with the German tax law

1.2. Cash flow

The fiancial statements do not include a cash flow statment because the company, as a small reporting

entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard

for Smaller Entities (effective June 2002)

1.3. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, exclusive of Value

Added Tax

1.4. Foreign Currencies

All figures are reported in Euros

1.5. Tangible fixed assets and depreciation

Tangible fixed assets are stated at a cost less depreciation. Depreciation is provided at rates calculated to

write off the cost of fixed assets, less their estimated residual value, over their expected useful lives in the

2 TANGIBLE FIXED ASSETS

3 SHARE CAPITAL