Free2Air Records Limited - Abbreviated accounts 16.1
Free2Air Records Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 30 September 2015 |
| for |
| Free2Air Records Limited |
| Free2Air Records Limited (Registered number: 05131344) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Free2Air Records Limited |
| Company Information |
| for the Year Ended 30 September 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Free2Air Records Limited (Registered number: 05131344) |
| Abbreviated Balance Sheet |
| 30 September 2015 |
| 30.9.15 | 30.9.14 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 2 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 financial statements were approved by the director on |
| Free2Air Records Limited (Registered number: 05131344) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| 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 January 2015). |
| Preparation of consolidated financial statements |
| 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 consolidated accounts. |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.15 | 30.9.14 |
| value: | £ | £ |
| Ordinary | 1p |
| 3. | ULTIMATE PARENT COMPANY |
| 4. | RELATED PARTY DISCLOSURES |
| Trackauto Ltd |
| Ultimate Holding Company |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Amount due from related party at the balance sheet date |
| Blacklist Records Limited |
| A company controlled by a director of this company - C D Black. |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Amount due from related party at the balance sheet date |
| Free2Air Records Limited (Registered number: 05131344) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2015 |
| 4. | RELATED PARTY DISCLOSURES - continued |
| Blacklist UK Records |
| Fellow Subsidiary of Ultimate Holding Company |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Amount due from related party at the balance sheet date |
| Blacklist Management Limited |
| Fellow subsidiary of Ultimate Holding Company |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Amount due from related party at the balance sheet date |