Scottsboro Musical London Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08397345 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 January 2014 to 27 December 2014

for

Scottsboro Musical London Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms C Schreiber

J Bath

REGISTERED OFFICE:

60-66 Wardour Street

London

W1F 0TA

REGISTERED NUMBER:

08397345 (England and Wales)

ACCOUNTANTS:

Anderson & Pennington LLP

Chartered Certified Accountants

44a Floral Street

London

WC2E 9DA

FIXED ASSETS

Tangible assets

2

77,932

108,383

CURRENT ASSETS

Debtors

528,734

1,183,444

Cash at bank and in hand

158,429

18,247

687,163

1,201,691

CREDITORS

Amounts falling due within one year

2,525,108

1,730,486

NET CURRENT LIABILITIES

(1,837,945

)

(528,795

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,760,013

)

(420,412

)

PROVISIONS FOR LIABILITIES

49,553

21,677

NET LIABILITIES

(1,809,566

)

(442,089

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(1,809,567

)

(442,090

)

SHAREHOLDERS' FUNDS

(1,809,566

)

(442,089

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 December 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 February 2015 and were signed on its behalf by:

J Bath - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The production 'Scottsboro Boys' is funded by loans from investors which will be written off in an

amount equal to any losses. For this reason the financial statements have been prepared on a going

concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the income from the sales, net of VAT, of theatre tickets, merchandise and

programmes.

Tangible fixed assets

Depreciation is provided and reviewed annually in order to write off the cost less estimated residual

value of each asset over the expected life of the production.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

135,478

Additions

86,447

At 27 December 2014

221,925

DEPRECIATION

At 1 January 2014

27,095

Charge for period

116,898

At 27 December 2014

143,993

NET BOOK VALUE

At 27 December 2014

77,932

At 31 December 2013

108,383

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1