JESSE_MANAGEMENT_CO_LIMIT - Accounts

THIRD CULTURE MUSIC LIMITED - Company Information

Print Friendly Version

Company Registration No. 08476797 (England and Wales)

JESSE MANAGEMENT CO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2014

JESSE MANAGEMENT CO LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

JESSE MANAGEMENT CO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

Notes

Fixed assets

Tangible assets

1,358

Current assets

Cash at bank and in hand

205

Creditors: amounts falling due within one year

(3,129)

Net current liabilities

(2,924)

Total assets less current liabilities

(1,566)

Capital and reserves

Called up share capital

Profit and loss account

(1,567)

Shareholders' funds

(1,566)

For the financial Period ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 February 2015

Jesse McNamara

Director

Company Registration No. 08476797

JESSE MANAGEMENT CO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 APRIL 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on a going concern basis and will continue to be

supported by the shareholders and directors.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% - Straight line method

JESSE MANAGEMENT CO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 APRIL 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 8 April 2013

Additions

1,811

At 30 April 2014

1,811

Depreciation

At 8 April 2013

Charge for the period

453

At 30 April 2014

453

Net book value

At 30 April 2014

1,358

Share capital

2014

Allotted, called up and fully paid

1 Ordinary of £1 each

Ultimate parent company

The ultimate controlling party of the company is Jesse McNamara.