The Paragon Media Company Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03066073 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

THE PARAGON MEDIA COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr R A M Preston

SECRETARY:

Mrs L P Preston

REGISTERED OFFICE:

Bridge House

25 Fiddlebridge Lane

Hatfield

Hertfordshire

AL10 0SP

REGISTERED NUMBER:

03066073 (England and Wales)

ACCOUNTANTS:

Lovetts Accountants LLP

Bridge House

25 Fiddlebridge Lane

Hatfield

Hertfordshire

AL10 0SP

FIXED ASSETS

Tangible assets

2

206

314

CURRENT ASSETS

Debtors

1,311

920

Cash at bank

4,348

5,602

5,659

6,522

CREDITORS

Amounts falling due within one year

3,393

3,170

NET CURRENT ASSETS

2,266

3,352

TOTAL ASSETS LESS CURRENT LIABILITIES

2,472

3,666

CAPITAL AND RESERVES

Called up share capital

3

3

3

Profit and loss account

2,469

3,663

SHAREHOLDERS' FUNDS

2,472

3,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10 November 2015 and were signed by:

Mr R A M Preston - 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).

Turnover

Turnover represents net amounts recoverable in respect of music royalties and composition fees.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

10,924

DEPRECIATION

At 1 July 2014

10,610

Charge for year

108

At 30 June 2015

10,718

NET BOOK VALUE

At 30 June 2015

206

At 30 June 2014

314

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

3

Ordinary

£1

3

3