BUILT_ENVIRONMENT_MEDIA_L - Accounts
BUILT_ENVIRONMENT_MEDIA_L - Accounts
Company Registration No. 04476064 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 6
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BUILT ENVIRONMENT MEDIA LIMITED FOR THE YEAR ENDED 31 DECEMBER 2015
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 6 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Built Environment Media Limited for the year ended 31 December 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Built Environment Media Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Built Environment Media Limited and state those matters that we have agreed to state to the Board of Directors of Built Environment Media Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Built Environment Media Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Built Environment Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Built Environment Media Limited. You consider that Built Environment Media Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Built Environment Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Carpenter Box
Chartered Accountants
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Investments
2
-
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(279,478 )
(294,277 )
Net current liabilities
(208,839 )
(222,410 )
Total assets less current liabilities
(184,078 )
(190,760 )
Creditors: amounts falling due after more than one year
(548,895 )
(533,895 )
(732,973)
(724,655)
Capital and reserves
Called up share capital
4
Share premium account
Profit and loss account
(808,973 )
(800,655 )
Shareholders' funds
(732,973 )
(724,655 )
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2015
- 3 -
Directors' responsibilities:
-
-
Approved by the Board for issue on 5 September 2016
Director
Company Registration No. 04476064
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
1
Accounting policies
1.1
Accounting convention
These accounts have been prepared on a going concern basis. The company is dependent upon the continued support of its shareholders, creditors and bank. The shareholders have indicated their continued support, and the company is currently trading within its creditor terms and bank facilities. The financial statements do not include any adjustment that would result from a withdrawal of this support.
1.2
Turnover
Income from subscriptions is recognised in the profit and loss account following receipt on a straight line basis over the subscription period.
1.3
Tangible fixed assets and depreciation
Fixtures, fittings and office equipment
1.4
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
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.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 5 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2015
2
73,717
Additions
-
1,364
At 31 December 2015
2
75,081
Depreciation
At 1 January 2015
1
42,067
Charge for the period
1
8,253
At 31 December 2015
2
50,320
Net book value
At 31 December 2015
-
24,761
At 31 December 2014
31,650
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
Ordinary
Ordinary
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
2015
Principal activity
£
£
1
-
1
-
A provision has been made against the value of the fixed asset investments on the basis that the subsidiary undertakings listed have applied to be struck off the register at Companies House.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 6 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £48,021 (2014 - £39,128).
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid