Siena Projects Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03709638 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

SIENA PROJECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

I Quicke

B A Quicke

REGISTERED OFFICE:

Skyview House

10 St Neots Road

Sandy

Bedfordshire

SG19 1LB

REGISTERED NUMBER:

03709638 (England and Wales)

ACCOUNTANTS:

The Blue Skies Partnership

Skyview House

10 St Neots Road

Sandy

Bedfordshire

SG19 1LB

CURRENT ASSETS

Debtors

10,347

15,397

Cash at bank

3,505

3,431

13,852

18,828

CREDITORS

Amounts falling due within one year

(32,414

)

(31,378

)

NET CURRENT LIABILITIES

(18,562

)

(12,550

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,562

)

(12,550

)

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

(18,566

)

(12,554

)

SHAREHOLDERS' FUNDS

(18,562

)

(12,550

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 24 September 2014 and were signed on its behalf by:

I Quicke - Director

B A Quicke - 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).

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Deferred tax

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

balance sheet date.

Revenue recognition

Fee income represents revenue earned under a wide variety of contracts to provide Television and Film

Production services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to

consideration in exchange for its performance under these contracts. It is measured at the fair value of the right

to consideration, which represents amounts chargeable to clients, including expenses and disbursements but

excluding value added tax.

Fee income that is contingent on events outside the control of the firm, is recognised when the contingent event

occurs.

Going concern

The accounts have been prepared on a going concern basis as it is the director's intention to continue

supporting the business.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

10,530

DEPRECIATION

At 1 January 2013

and 31 December 2013

10,530

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

4

Ordinary

£1

4

4

4.	ULTIMATE CONTROLLING PARTY

The controlling party is the board of directors.