Arena Music Co Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 02249986 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

ARENA MUSIC CO LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

B Adams

SECRETARY:

Mrs K L M Adams

REGISTERED OFFICE:

Hatch Farm Studios

Unit 16 Hatch Farm

Addlestone Moor

Addlestone

Surrey

KT15 2EH

REGISTERED NUMBER:

02249986 (England and Wales)

ACCOUNTANTS:

John A Hyde & Co

Hyde House

19 Station Road

Addlestone

Surrey

KT15 2AL

FIXED ASSETS

Intangible assets

2

1,276

1,916

Tangible assets

3

14,958

19,943

16,234

21,859

CURRENT ASSETS

Debtors

5,494

3,199

Cash at bank

5,708

14,497

11,202

17,696

CREDITORS

Amounts falling due within one year

33,160

47,135

NET CURRENT LIABILITIES

(21,958

)

(29,439

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,724

)

(7,580

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(5,824

)

(7,680

)

SHAREHOLDERS' FUNDS

(5,724

)

(7,580

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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 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 director on 29 September 2016 and were signed by:

B Adams - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Patents & licences

Where a Licence is acquired for a fixed period of time, amortisation is provided on the cost and charged equally

over the term of the licence.

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 reducing balance

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

28,202

AMORTISATION

At 1 January 2015

26,286

Amortisation for year

640

At 31 December 2015

26,926

NET BOOK VALUE

At 31 December 2015

1,276

At 31 December 2014

1,916

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

47,256

DEPRECIATION

At 1 January 2015

27,313

Charge for year

4,985

At 31 December 2015

32,298

NET BOOK VALUE

At 31 December 2015

14,958

At 31 December 2014

19,943

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

100

Ordinary

1

100

100

5.	RELATED PARTY DISCLOSURES

Arena Music Company Limited had the following transactions with MAC Developments Limited, both

companies in which Mr. B. Adams is a Director.

Other Creditors includes an amount of £10,584 due from MAC Developments Limited at 31 December 2015..

6.	ULTIMATE CONTROLLING PARTY

The company was controlled during the current and previous year by B Adams, a director of the company.