Diffusion Media Group Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08359220 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

DIFFUSION MEDIA GROUP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S A Guild

P J Longhurst

REGISTERED OFFICE:

5 Calvert Avenue

Shoreditch

London

E2 7JP

REGISTERED NUMBER:

08359220 (England and Wales)

ACCOUNTANTS:

Upton Neenan Lees

Chartered Accountants

21-23 Croydon Road

Caterham

Surrey

CR3 6PA

FIXED ASSETS

Investments

2

280

280

CURRENT ASSETS

Debtors

100,000

100,000

TOTAL ASSETS LESS CURRENT LIABILITIES

100,280

100,280

CAPITAL AND RESERVES

Called up share capital

3

280

280

Share premium

100,000

100,000

SHAREHOLDERS' FUNDS

100,280

100,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 21 September 2015 and were signed on its behalf by:

P J Longhurst - Director

S A Guild - Director

1.	ACCOUNTING POLICIES

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).

The company was dormant throughout the current year and previous period.

Deferred tax

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

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

280

NET BOOK VALUE

At 31 December 2014

280

At 31 December 2013

280

The company's investments at the Balance Sheet date in the share capital of companies include the following:

The 7th Chamber Limited

Nature of business: Motion picture and video productions

%

Class of shares:

holding

Ordinary

100.00

31.12.14

31.12.13

£

£

Aggregate capital and reserves

376,951

288,907

Profit for the year/period

88,886

65,738

The 7th Chamber Inc.

Country of incorporation: United States of America

Nature of business: Motion picture and video production.

%

Class of shares:

holding

Ordinary

100.00

31.12.14

31.12.13

£

£

Aggregate capital and reserves

(97,679

)

77,018

(Loss)/profit for the year/period

(174,697

)

23,454

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2,809,157

Ordinary

0.000

1

280

280