KSB_MUSIC_LTD - Accounts

KSB MUSIC LIMITED - Company Information

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Company Registration No. 08833948 (England and Wales)

KSB MUSIC LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

KSB MUSIC LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

KSB MUSIC LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

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

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.4

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.

KSB MUSIC LTD

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Investments

304,397

183,642

Current assets

Debtors

Creditors: amounts falling due within one year

(306,221)

(184,575)

Net current liabilities

(306,221)

(184,542)

Total assets less current liabilities

(1,824)

(900)

Capital and reserves

Called up share capital

100

Profit and loss account

(1,924)

(1,000)

Shareholders' funds

(1,824)

(900)

For the financial year ended 31 August 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 20 May 2016

S Clayman

Director

Company Registration No. 08833948

KSB MUSIC LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 2015

- 2 -

Fixed assets

Investments

Cost

At 1 September 2014

183,642

Additions

120,755

At 31 August 2015

304,397

At 31 August 2014

183,642

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

CND America Inc

USA

Common and Series A Preferred

66.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

CND America Inc

Music College

1,051,439

(877,898)

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100