Studio Hundreds Limited - Accounts to registrar - small 16.3

REGISTERED NUMBER: 07858969 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2016

for

Studio Hundreds Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

3

15,894

11,477

Investment property

4

4,161,131

3,344,495

4,177,025

3,355,972

CURRENT ASSETS

Debtors

5

641,098

614,711

Cash at bank

71,259

1,260,086

712,357

1,874,797

CREDITORS

Amounts falling due within one year

6

2,556,179

2,824,420

NET CURRENT LIABILITIES

(1,843,822

)

(949,623

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,333,203

2,406,349

CREDITORS

Amounts falling due after more than one year

7

2,073,315

2,196,542

NET ASSETS

259,888

209,807

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

258,888

208,807

SHAREHOLDERS' FUNDS

259,888

209,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 December 2016 and were signed by:

N Pike - Director

1.	STATUTORY INFORMATION

Studio Hundreds Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net rents receivable excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment properties are included in the balance sheet at market value as valued by the

directors.

No depreciation is provided in respect of freehold investment properties. Although the

Companies Act 2006 would normally require the systematic annual depreciation of fixed

assets, the directors believe that this policy of not providing depreciation is necessary in

order for the accounts to give a true and fair view, since the current value of investment

properties, and changes in that current value, are of prime importance rather than a

calculation of systematic annual depreciation. Depreciation is only one of the many factors

reflected in the annual valuation, and the amount which might otherwise have been shown

cannot be separately identified or quantified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2015

28,195

Additions

9,715

At 31 March 2016

37,910

DEPRECIATION

At 1 April 2015

16,718

Charge for year

5,298

At 31 March 2016

22,016

NET BOOK VALUE

At 31 March 2016

15,894

At 31 March 2015

11,477

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2015

3,344,495

Additions

816,636

At 31 March 2016

4,161,131

NET BOOK VALUE

At 31 March 2016

4,161,131

At 31 March 2015

3,344,495

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

Other debtors

641,098

614,711

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

Amounts owed to group undertakings

2,506,924

2,768,149

Taxation and social security

12,141

15,489

Other creditors

37,114

40,782

2,556,179

2,824,420

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.16

31.3.15

£

£

Bank loans

2,073,315

2,196,542

8.	RELATED PARTY DISCLOSURES

At the year end, the company owed the parent company, AIM Internet Investments Limited

£2,506,924 (2015- £2,768,149) and paid interest of £84,775 (2015- £93,616) during the

year.

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of AIM Internet Investments Limited, a company

under the control of Mr. N. Pike.