BCRAFT_LIMITED - Accounts

BCRAFT LIMITED - Company Information

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Company Registration No. 06027189 (England and Wales)

BCRAFT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

BCRAFT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BCRAFT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Investments

674,602

Current assets

Cash at bank and in hand

5,393,315

3,337,288

Creditors: amounts falling due within one year

(13,994)

(2,822)

Net current assets

5,379,321

3,334,466

Total assets less current liabilities

6,053,923

4,009,068

Capital and reserves

Called up share capital

Profit and loss account

6,053,921

4,009,066

Shareholders' funds

6,053,923

4,009,068

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 27 September 2016

Mr R Geldof KBE

Director

Company Registration No. 06027189

BCRAFT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

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 January 2015).

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.

Fixed assets

Investments

Cost

At 1 January 2015 & at 31 December 2015

947,584

Depreciation

At 1 January 2015 & at 31 December 2015

272,982

Net book value

At 31 December 2015

674,602

At 31 December 2014

674,602

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

Participating interests

Castaway Holdings Limited

England

Ordinary

33.33

BCRAFT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

Fixed assets

(Continued)

- 3 -

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

Castaway Holdings Limited

TV Rights

2,604,956

3,714,007

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each