Enter Shikari Limited - Accounts to registrar (filleted) - small 18.1
Enter Shikari Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 June 2018 |
| for |
| Enter Shikari Limited |
| Enter Shikari Limited (Registered number: 05858734) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Enter Shikari Limited |
| Company Information |
| for the Year Ended 30 June 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 55 Kentish Town Road |
| Camden Town |
| London |
| NW1 8NX |
| Enter Shikari Limited (Registered number: 05858734) |
| Balance Sheet |
| 30 June 2018 |
| 30.6.18 | 30.6.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Enter Shikari Limited (Registered number: 05858734) |
| Balance Sheet - continued |
| 30 June 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Enter Shikari Limited (Registered number: 05858734) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2018 |
| 1. | STATUTORY INFORMATION |
| Enter Shikari Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Music rights catalogue |
| The valuation of the music rights catalogue is based on a music industry standard formula of the average of royalties |
| received for the last three year times a multiplier of 5. |
| This asset will be revalued on this basis at the end of each financial year. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less |
| any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Musical equipment - 33% on cost |
| Office equipment - 33% on cost |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the |
| extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will |
| be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Enter Shikari Limited (Registered number: 05858734) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
| sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
| transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 July 2017 |
| Additions |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2017 |
| Additions |
| At 30 June 2018 |
| DEPRECIATION |
| At 1 July 2017 |
| Charge for year |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| Enter Shikari Limited (Registered number: 05858734) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CURRENT ASSET INVESTMENTS |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Unlisted investments | 9,696 | 9,696 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Trade creditors |
| Taxation and social security | ( |
) |
| Other creditors |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 July 2017 |
| Increase in music catalogue | 104,000 |
| At 30 June 2018 |
| Enter Shikari Limited (Registered number: 05858734) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2018 |
| 10. | RELATED PARTY DISCLOSURES |
| Ambush Reality Limited |
| A company owned by the same shareholders |
| During the year Enter Shikari Limited recharged Ambush Reality Limited £33,278 (2016 : £31,757) in respect of |
| Equipment hire and Artiste services recharges. |
| The amount owed by Enter Shikari Limited to Ambush Reality Limited at the balance sheet date was £56,640 (2017 |
| £57,166). |
| C Batten |
| During the year the company received royalty income in the amount of £2,973 (2017 : £1,913) on behalf of Mr |
| Batten. The company additionally paid business expenses of £370 (2017 : £591) on his behalf and paid him fees on a |
| self-employed basis for his services as a musician and songwriter in the amount of £6,250 (2017 : £8,333). |
| The amount due to the related party at the balance sheet date was £1,611 (2017 : 3,481) |
| L R Clewlow |
| During the year the company received royalty income in the amount of £3,057 (2017 : £1,894) on behalf of Mr |
| Clewlow. The company additionally paid business expenses of £370 (2017 : £587) on his behalf and paid him fees |
| on a self-employed basis for his services as a musician and songwriter in the amount of £6,250 (2017 : £8,333). |
| The amount due to the related party at the balance sheet date was £0 (2017 : £0). |
| R Reynolds |
| During the year the company received royalty income in the amount of £3,287 (2017 : £1,826) on behalf of Mr |
| Reynolds. The company additionally paid business expenses of £1,261 (2017 : £730) on his behalf and paid him fees |
| on a self-employed basis for his services as a musician and songwriter in the amount of £6,250 (2017 : £8,333). |
| The amount due to the related party at the balance sheet date was £2,025 (2017 : £4,771) |
| R Rolfe |
| During the year the company received royalty income in the amount of £2,989 (2017 : £1,933) on behalf of Mr |
| Rolfe. The company additionally paid business expenses of £370 (2016 : £596) on his behalf and paid him fees on a |
| self-employed basis for his services as a musician and songwriter in the amount of £6,250 (2017 : £8,333). |
| The amount due to the related party at the balance sheet date was £2,619 (2017 : £4,163) |