SPLICE_INVESTMENTS_LIMITE - Accounts

SPLICE INVESTMENTS LIMITED - Company Information

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Company Registration No. 06115480 (England and Wales)

SPLICE INVESTMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

SPLICE INVESTMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

SPLICE INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

1,561,289

1,205,688

Current assets

Debtors

230

327,649

Creditors: amounts falling due within one year

(131,788)

(356,884)

Net current liabilities

(131,558)

(29,235)

Total assets less current liabilities

1,429,731

1,176,453

Capital and reserves

Called up share capital

4,117

1,543

Share premium account

1,958,468

1,461,037

Profit and loss account

(532,854)

(286,127)

Shareholders' funds

1,429,731

1,176,453

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 13 February 2017

Mr P D Pyemont

Director

Company Registration No. 06115480

SPLICE INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 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).

The financial statements have been prepared on a going concern basis which assumes that the company will receive financial support from its directors.

The directors have indicated that they will continue to provide this support for the foreseeable future.

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

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

SPLICE INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Fixed assets

Investments

Cost

At 1 July 2015

1,205,688

Additions

591,600

At 30 June 2016

1,797,288

Depreciation

At 1 July 2015

Charge for the year

235,999

At 30 June 2016

235,999

Net book value

At 30 June 2016

1,561,289

At 30 June 2015

1,205,688

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

John Newbery Limited

England

Ordinary

100.00

MKK Sports Limited

England

Ordinary

100.00

Newbery Leisure Ltd

England

Ordinary

100.00

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

2016

Principal activity

John Newbery Limited

Design, manufacture and distribution of cricket bats and associated cricket equipment

151,046

(433,184)

MKK Sports Limited

Sale of sports goods

(173,330)

(83,696)

Newbery Leisure Ltd

Sale of leisure sportswear

(4,338)

(1,928)

Newbery Leisure Ltd is an undertaking held indirectly by the company. It is a 100 % owned subsidiary of John Newbery Limited.

SPLICE INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

411,700 ordinary shares of 1p each

4,117

1,543

On 16 July 2015 247,081 ordinary £0.01 shares were issued at £1.9427 each and on 20 November 2015 a further 10,295 ordinary shares of £0.01 were issued at £1.9427 each. The amount above the par value has been credited to the share premium reserve.