UNSUSTAINABUBBLE_LIMITED - Accounts

UNSUSTAINABUBBLE LIMITED - Company Information

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Company Registration No. 07240200 (England and Wales)

UNSUSTAINABUBBLE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

UNSUSTAINABUBBLE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

UNSUSTAINABUBBLE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

3,393

5,344

Current assets

Debtors

610,461

2,291,258

Cash at bank and in hand

2,020,487

2,179,097

2,630,948

4,470,355

Creditors: amounts falling due within one year

(2,632,572)

(4,472,215)

Net current liabilities

(1,624)

(1,860)

Total assets less current liabilities

1,769

3,484

Capital and reserves

Called up share capital

100

Profit and loss account

1,669

3,384

Shareholders' funds

1,769

3,484

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 January 2016

T Yorke

Director

Company Registration No. 07240200

UNSUSTAINABUBBLE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover consists of recording, publishing and producer's royalties and advances, income derived from live performances and other sundry income net of VAT and trade discounts. Royalty income is recognised on the contractual due date or, where this is unspecified, the date of receipt of cash. Live performance income is recognised by reference to the date of the performance.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% straight line

1.5

Revenue recognition

These financial statements include the results and financial position of Unsustainabubble Limited's interest in LLLP LLP.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

UNSUSTAINABUBBLE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2014

16,839

Additions

1,690

At 30 June 2015

18,529

Depreciation

At 1 July 2014

11,495

Charge for the year

3,641

At 30 June 2015

15,136

Net book value

At 30 June 2015

3,393

At 30 June 2014

5,344

Share capital

2015

2014

Allotted, called up and fully paid

80 A Ordinary Shares of £1 each

20 B Ordinary Shares of £1 each

100