Abbreviated Company Accounts - OPEN HEAVENS MEDIA LIMITED

Abbreviated Company Accounts - OPEN HEAVENS MEDIA LIMITED

OPEN HEAVENS MEDIA LIMITED - Company Information

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Registered Number 05404098

OPEN HEAVENS MEDIA LIMITED

Abbreviated Accounts

30 March 2013

OPEN HEAVENS MEDIA LIMITED Registered Number 05404098

Abbreviated Balance Sheet as at 30 March 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 361,620 262,283
Investments 3 5,000 -
366,620 262,283
Current assets
Debtors 529,792 133,761
Cash at bank and in hand 83,279 117,823
613,071 251,584
Creditors: amounts falling due within one year (257,194) (386,750)
Net current assets (liabilities) 355,877 (135,166)
Total assets less current liabilities 722,497 127,117
Creditors: amounts falling due after more than one year (8,687,798) (6,549,883)
Total net assets (liabilities) (7,965,301) (6,422,766)
Capital and reserves
Called up share capital 100 100
Profit and loss account (7,965,401) (6,422,866)
Shareholders' funds (7,965,301) (6,422,766)
  • For the year ending 30 March 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 January 2015

And signed on their behalf by:
A Salami, Director

OPEN HEAVENS MEDIA LIMITED Registered Number 05404098

Notes to the Abbreviated Accounts for the period ended 30 March 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
The accounts have been prepared on a going concern basis despite the balance sheet showing assets in excess of its liabilities. The directors confirm that the Company will continue to receive support from its funders and in line with the loan agreement between the funders and the Company.

2Tangible fixed assets
£
Cost
At 1 April 2012 273,113
Additions 113,768
Disposals -
Revaluations -
Transfers -
At 30 March 2013 386,881
Depreciation
At 1 April 2012 10,830
Charge for the year 14,431
On disposals -
At 30 March 2013 25,261
Net book values
At 30 March 2013 361,620
At 31 March 2012 262,283

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.