Abbreviated Company Accounts - ILLUSTRA STUDIOS LIMITED

Abbreviated Company Accounts - ILLUSTRA STUDIOS LIMITED

ILLUSTRA STUDIOS LIMITED - Company Information

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Registered Number 02417116

ILLUSTRA STUDIOS LIMITED

Abbreviated Accounts

31 December 2014

ILLUSTRA STUDIOS LIMITED Registered Number 02417116

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 3,500,610 2,500,813
3,500,610 2,500,813
Current assets
Cash at bank and in hand 155,404 137,114
155,404 137,114
Creditors: amounts falling due within one year (354,937) (317,062)
Net current assets (liabilities) (199,533) (179,948)
Total assets less current liabilities 3,301,077 2,320,865
Total net assets (liabilities) 3,301,077 2,320,865
Capital and reserves
Called up share capital 100 100
Revaluation reserve 3,000,730 2,000,730
Profit and loss account 300,247 320,035
Shareholders' funds 3,301,077 2,320,865
  • For the year ending 31 December 2014 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 28 September 2015

And signed on their behalf by:
S J Lee, Director

ILLUSTRA STUDIOS LIMITED Registered Number 02417116

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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.

Turnover policy
The turnover shown in the profit and loss account represents rent receivable during the period.

2Tangible fixed assets
£
Cost
At 1 January 2014 2,545,507
Additions -
Disposals -
Revaluations 1,000,000
Transfers -
At 31 December 2014 3,545,507
Depreciation
At 1 January 2014 44,694
Charge for the year 203
On disposals -
At 31 December 2014 44,897
Net book values
At 31 December 2014 3,500,610
At 31 December 2013 2,500,813