Wandering Star Media Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04293409 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Wandering Star Media Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P Berrow

Mr M Berrow

SECRETARY:

Ms S H Paddon

REGISTERED OFFICE:

2 Higher Barn

Higher Woodsford

DORCHESTER

Dorset

DT2 8BT

REGISTERED NUMBER:

04293409 (England and Wales)

ACCOUNTANTS:

S&T Accountants Ltd

2 Higher Barn

Higher Woodsford

DORCHESTER

Dorset

DT2 8BT

BANKERS:

Lloyds TSB Plc

Colmore Row

BIRMINGHAM

B3 3EW

FIXED ASSETS

Investments

3

191,895

191,895

CURRENT ASSETS

Debtors

4

2,882,288

2,883,294

Cash at bank

393

245

2,882,681

2,883,539

CREDITORS

Amounts falling due within one year

5

2,274,972

2,274,971

NET CURRENT ASSETS

607,709

608,568

TOTAL ASSETS LESS CURRENT LIABILITIES

799,604

800,463

CAPITAL AND RESERVES

Called up share capital

89,027

89,027

Share premium

967,935

967,935

Retained earnings

(257,358

)

(256,499

)

SHAREHOLDERS' FUNDS

799,604

800,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 28 June 2019 and were signed on its behalf by:

Mr M Berrow - Director

1.	STATUTORY INFORMATION

Wandering Star Media Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

3.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2018

and 31 March 2019

191,895

NET BOOK VALUE

At 31 March 2019

191,895

At 31 March 2018

191,895

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Amounts owed by group undertakings

2,882,288

2,883,294

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

1

-

Other creditors

2,274,971

2,274,971

2,274,972

2,274,971

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

All transactions with the Directors are entered through the Directors Loan Accounts.

The Company at the balance sheet date owes the Directors £2,274,971

7.	RELATED PARTY DISCLOSURES

There are inter subsidiary company loans shown on the balance sheet between Wandering Star Ltd, Log

Networks Ltd, Wandering Star Records Ltd, Wandering Star Music Ltd, Wandering Star Books Ltd, Wandering

Star Publishing Ltd, Wandering Star Pictures Ltd..

8.	CONTROLLING PARTY

The Company is under the control of Paul and Michael Berrow, the Directors.