Ami (Zimbabwe) Ltd. - Period Ending 2016-06-30

Registration number: 03578384

Ami (Zimbabwe) Ltd.

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Deans Accountants And Business Advisors Ltd
Chartered Accountants and Business Advisors
27 North Bridge Street
Hawick
Borders
TD9 9BD

Ami (Zimbabwe) Ltd.
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Ami (Zimbabwe) Ltd.
(Registration number: 03578384)
at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					-			310,577
Investments					368,000			736,000
					368,000			1,046,577
Capital and reserves
Called up share capital		3			235,225			235,225
Share premium account					1,400,777			1,400,777
Profit and loss account					(1,268,002)			(589,425)
Shareholders' funds					368,000			1,046,577

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 24 February 2017

.........................................
Mr DJR Smail
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Ami (Zimbabwe) Ltd.
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	various rates

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 July 2015		409,813			736,000			1,145,813
Disposals		(409,813)			-			(409,813)
At 30 June 2016		-			736,000			736,000
Depreciation
At 1 July 2015		99,236			-			99,236
Charge for the year		-			368,000			368,000
Eliminated on disposals		(99,236)			-			(99,236)
At 30 June 2016		-			368,000			368,000
Net book value
At 30 June 2016		-			368,000			368,000
At 30 June 2015		310,577			736,000			1,046,577

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Primary dividend shares of £0.10 each		815,002			81,500			815,002			81,500
Secondary dividend shares of £1 each		88,900			88,900			88,900			88,900
First redemption shares of £0.01 each		2,037,500			20,375			2,037,500			20,375

Page 2

Ami (Zimbabwe) Ltd.
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016

Second redemption shares of £1 each		44,450			44,450			44,450			44,450
		2,985,852			235,225			2,985,852			235,225

4

Control

The company is controlled by its immediate parent undertaking, African Media Investments Limited, a company incorporated in England under the control of Mr DJR Smail and its directors. African Media Investments Limited has the same registered office as AMI (Zimbabwe) Limited

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Page 3