Accounts filed on 31-08-2015
Accounts filed on 31-08-2015
trueMaestro Arts Limited077838942015-08-31-225862-255496-224862-25449610001000-224862-25449681995281683259509056233616709820983517104915618420221899178832114445105370104546427992352501427992352501Basis of accounting
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 the value, net of value added tax and discounts, of services provided to customers during the period.
Depreciation
No depreciation is provided on the leasehold property as it is anticipated that its expected net realisable value will exceed its original cost. Fixed Assets
All fixed assets are initially recorded at cost.
Fixtures & FittingsStraight Line Method for Fixtures & fittings0.2500EquipmentStraight Line Method for Equipment0.2500
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
443227360604826231523581037132443227360604826231523581037132Ordinary1000110001000Ordinary1100010001000The directors have given a loan of £819,952 (2014: £816,832) to fund the operating activities. The directors have confirmed that they will not draw the loan in the foreseeable future.2016-04-14Mr J van Walsumtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureMaestro Arts Limited2014-09-012015-08-31Maestro Arts Limited2013-09-012014-08-31Maestro Arts Limited2013-08-31Maestro Arts Limited2014-08-31Maestro Arts Limited2014-08-31Maestro Arts Limited2015-08-31 2016-04-15
