Cartesian 8-K/A Financial Statements and Exhibits

Exhibit 99.3

Registered number

05997790

Farncombe Technology Limited

Report and Accounts

31 December 2014

Farncombe Technology Limited

Statement of Directors' Responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) and FRS102applicable to small entities. Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

● select suitable accounting policies and then apply them consistently;

● make judgements and estimates that are reasonable and prudent;

● prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

1

Farncombe Technology Limited

Independent auditors' report

To the Board of Directors and Shareholders

We have audited the accompanying financial statements of Farncombe Technology Limited, which comprise the Balance Sheet as of 31 December 2014, and the related Profit and Loss Account and cash flow for the year then ended.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United Kingdom; this includes the design, implementation, and maintenance of Internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatements, whether due to fraud or error.

Auditors' Responsibility

Our responsibility is to express an opinion on the financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatements.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgement, including the assessment of the risk of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the Company's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's Internal Control. Accordingly, we express no such opinion. An audit also includes evaluationg the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, the financial statements referred to above presents fairly, in all material respects, the financial position of Farncombe Technology Limited at 31 December 2014, and the profits of their operations and their cash flows for the years then ended in accordance with accounting principles generally accepted in United Kingdomand FRS102applicable to small entities.

/s/ SVP Associates Limited

SVP Associates Limited

Certified Accountants and Registered Auditors

First Floor, 2 Victoria Road

Harpenden

Hertfordshire AL5 4EA

29 September 2015

2

Farncombe Technology Limited

Statement of Income

for the year ended 31 December 2014

	Notes		2014
			£
Revenue				2,602,187
Cost of sales				(2,191,520	)
Gross profit				410,667
Administrative expenses				(872,350	)
Inter-company management charge				621,902
Operating profit/(loss)		3		160,219
Finance costs		4		(13,453	)
Profit/(loss) on ordinary activities before taxation				146,766
Tax on profit/(loss) on ordinary activities		5		(30,416	)
Profit/(loss) for the financial year				116,350
Retained earnings at 1 January 2014				415,054
Retained earnings at 31 December 2014				531,404

3

Farncombe Technology Limited

Statement of Other Comprehensive Income

for the year ended 31 December 2014

	2014
	£
Profit/(loss) for the financial year		116,350
Total recognised gains and losses related to the year		116,350

4

Farncombe Technology Limited

Statement of Financial Position

as at 31 December 2014

	Notes				2014
Non current assets						£
Intangible assets		6				48,502
Leasehold property and equipment		7				75,175
Financial Assets		8				200
						123,877
Current assets
Trade and other receivables		9	1,529,728
Cash and cash equivalents			281,543
			1,811,271
Creditors: amounts falling due within one year		10	(1,361,761	)
Net current assets						449,510
Total assets less current liabilities						573,387
Provisions for liabilities		11				(10,066	)
Net assets						563,321
Equity
Called up share capital		12				31,917
Profit and loss account		13				531,404
Shareholders' funds						563,321

5

Farncombe Technology Limited

Statement of changes in equity

as at 31 December 2014

	Share		Share		Retained
	Capital		Premium		earnings		Total
	£		£		£		£
Balance at 1 January 2014 as previously reported		31,917		-		415,054		446,971
Prior period adjustment		-		-		-		-
Shares issued in the year		-		-		-		-
Profit for the year		-		-		116,350		116,350
Dividends		-		-		-		-
Other comprehensive income for the year		-		-		-		-
Balance as 31 December 2014		31,917		-		531,404		563,321

6

Farncombe Technology Limited

Statement of Cash Flows

for the year ended 31 December 2014

	2014
	£
Cash flow from operating activities
Operating profit		160,219
Reconciliation to cash generated from operations:
Depreciation		25,949
Amortisation of goodwill		81,761
Increase in debtors		(86,932	)
Increase in creditors		70,308
		251,305
Investing activities
Interest received		-
Issue of shares for cash		-
Purchase of intangible fixed assets		(71,960	)
Proceeds from sale of tangible fixed assets		443
		(71,517	)
Financing activities
Interest paid		(13,453	)
Tax paid		(238	)
Dividends paid		-
		(13,691	)
Net increase/(decrease) in cash		166,097
Cash at bank and in hand less overdrafts at 1 January		115,446
Cash at bank and in hand less overdrafts at 31 December		281,543
Consisting of:
Cash at bank and in hand		281,543

7

Farncombe Technology Limited

Notes to the Accounts

for the year ended 31 December 2014

1 Statutory information

Farncombe Techonolgy Limited is a company domicled in England and Wales, registeration number 05997790. The registered office is Grove House, Lutyens Close, Chinham Court, Basingstoke, England RG24 8AG.

2 Compliance with accounting standards

Basis of preparation

The accounts have been prepared in accordance with the provisions of FRS 102 applicable to small entities.

Turnover

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery	33% straight line & 25% reducing balance
Leasehold property	over period of 5 year lease

Deferred taxation

Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

8

Farncombe Technology Limited

Notes to the Accounts

for the year ended 31 December 2014

3 Operating profit

	2014
	£
This is stated after charging:
Depreciation of owned fixed assets		25,949
Amortisation of goodwill		81,761
Directors' remuneration		126,107

4 Interest payable

	2014
	£
Interest payable		13,453

5 Taxation

	2014
	£
UK corporation tax		(3,456	)
Deferred tax		33,872
		30,416

6 Intangible fixed assets

Goodwill:

	£
Cost
At 1 January 2014		255,999
At 31 December 2014		255,999
Amortisation
At 1 January 2014		125,736
Provided during the year		81,761
At 31 December 2014		207,497
Net book value
At 31 December 2014		48,502

Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.

9

Farncombe Technology Limited

Notes to the Accounts

for the year ended 31 December 2014

7 Leasehold property, Plant and Equipment

	Leasehold			Fixtures &
	Property			Fittings			Total
	£			£			£
Cost
At 1 January 2014		26,516			94,909			121,425
Additions		-			71,960			71,960
Disposals		(26,516	)		(938	)		(27,454	)
At 31 December 2014		-			165,931			165,931
Depreciation
At 1 January 2014		26,516			65,302			91,818
Charge for the year		-			25,949			25,949
On disposals		(26,516	)		(495	)		(27,011	)
At 31 December 2014		-			90,756			90,756
Net book value
At 31 December 2014		-			75,175			75,175

8 Financial Assets

	Investments in subsidiary undertakings
	£
Cost
At 1 January 2014		200
At 31 December 2014		200

The company holds 20% or more of the share capital of the following companies:

Company	Shares held			Capital and reserves		Profit (loss) for the year
	Class	%		£		£
Farncombe Engineering Services Ltd	Ordinary		82.5		304,004		(50,663	)

9 Debtors

	2014
	£
Trade receivables		599,115
Amount receivable from related parties		692,271
Deferred tax asset (see note 11)		-
Other debtors and receivables		238,342
		1,529,728

10 Creditors: amounts falling due within one year

	2014
	£
Trade payables		303,872
Amounts due to related parties		539,513
Current tax liability		(3,694	)
Other taxes and social security costs		205,404
Directors loans		55,000
Accruals and other payables		261,666
		1,361,761

10

Farncombe Technology Limited

Notes to the Accounts

for the year ended 31 December 2014

11	Provisions for liabilities
	Deferred taxation:

	2014
	£
Timing differences and other deductions		10,066

	2014
	£
At 1 January		(23,806	)
Deferred tax charge/credit in profit and loss account		33,872
At 31 December		10,066

12 Share capital

	Nominal	2014		2014
	value	Number		£
Allotted, called up and fully paid:
Ordinary shares	£1.00 each		31,917		31,917

13 Profit and loss

	2014
	£
At 1 January 2014		415,054
Profit for the year		116,350
At 31 December 2014		531,404

14 Other financial commitments

	2014
	£
At the year end the company had annual commitments under non-cancellable operating leases as set out below:
Operating leases which expire:
within one year		132,131
within two to five years		3,723
		135,854

15 Average number of employees

	2014
	£
During the year average number of employees was :		17
		17

11

Farncombe Technology Limited

Notes to the Accounts

for the year ended 31 December 2014

	2014
	£
Sales		2,602,187
Cost of sales		(2,191,520	)
Gross profit		410,667
Administrative expenses		(872,350	)
Other operating income		621,902
Bad Debts		-
Operating profit/(loss)		160,219
Interest payable		(13,453	)
Profit/(loss) before tax		146,766

12

Farncombe Technology Limited

Notes to the Accounts

for the year ended 31 December 2014

	2014
	£
Sales
Sales		2,602,187
Cost of sales
Wages and salaries		754,547
Directors' salaries		126,107
Employer's NI		97,897
Pensions		15,082
Consultancy fees		1,005,060
Security specific costs		75,113
Agency fees		-
Equipment for client		3,425
Expenses incurred		114,289
Costs capitalised		-
		2,191,520
Administrative expenses
Employee costs:
Wages and salaries		112,368
Staff training and welfare		716
Travel and subsistence		61,834
Motor expenses		4,656
Entertaining		13,980
		193,554
Premises costs:
Rent		259,177
		259,177
General administrative expenses:
Telephone and fax		26,192
Stationery and printing		5,496
Foreign currency losses/(gains)		24,115
Bank charges		5,557
Insurance		45,260
IT costs		25,470
Depreciation		25,945
Disposal of assets loss/(profit)		(57	)
Amortisation of goodwill		81,761
Bad debts		42,564
Sundry expenses		2,910
		285,213
Legal and professional costs:
Accountancy fees		28,327
Advertising and PR		88,335
Other legal and professional		17,744
		134,406
		872,350
Other operating income
Inter-company management charge		621,902

13