Abbreviated Company Accounts - CUBICSPACE LIMITED

Abbreviated Company Accounts - CUBICSPACE LIMITED

CUBICSPACE LIMITED - Company Information

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Registered Number 03467810

CUBICSPACE LIMITED

Abbreviated Accounts

29 March 2015

CUBICSPACE LIMITED Registered Number 03467810

Abbreviated Balance Sheet as at 29 March 2015

Notes 2015 2014
£ £
Fixed assets
Investments 2 100 100
100 100
Current assets
Cash at bank and in hand 93 93
93 93
Creditors: amounts falling due within one year (2,792,059) (2,792,059)
Net current assets (liabilities) (2,791,966) (2,791,966)
Total assets less current liabilities (2,791,866) (2,791,866)
Creditors: amounts falling due after more than one year (13,716) (13,716)
Total net assets (liabilities) (2,805,582) (2,805,582)
Capital and reserves
Called up share capital 3 1,174 1,174
Other reserves 4 4
Profit and loss account (2,806,760) (2,806,760)
Shareholders' funds (2,805,582) (2,805,582)
  • For the year ending 29 March 2015 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 January 2016

And signed on their behalf by:
Mr Steven Markham, Director

CUBICSPACE LIMITED Registered Number 03467810

Notes to the Abbreviated Accounts for the period ended 29 March 2015

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.

Other accounting policies
Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. the company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Financial Instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. an equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Going Concern
In preparing the accounts and reviewing the company's net current liability position of £2,805,582 (2014: £2,805,582) the directors have considered going concern and believe that the company will be able to continue to trade for the forseeable future, keeping within its agreed credit lines.

2Fixed assets Investments
Cost as at 1st April 2014 £100
Cost as at 29th March 2015 £100

Net book value as at 1st April 2014 £100
Net book value as at 29th March 2015 £100

The company owns 100% of the issued share capital of the company below:

Cubicspace Studios Limited
Aggregate capital and reserves 2015: £(3,611,467) 2014: £(3,537,938)
Profit and (loss) for the year 2015: £(73,529) 2014: £(113,447)

Under the provision of Section 398 of the Companies Act 2006, the company is exempt from preparing consolidated accounts, and therefore has not done so. These accounts therefore show information about the company as a single entity.

3Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
10,625,000 Ordinary shares of £0.0001 each 1,063 1,063
1,112,700 A Ordinary shares of £0.0001 each 111 111