Abbreviated Company Accounts - EMUSIC.COM, LTD.

05702595 EMUSIC.COM, LTD. 2016-06-30 false 2015-07-01 2016-06-30 true 05702595 2015-07-01 2016-06-30 05702595 2016-06-30 05702595 2015-06-30 05702595 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 05702595 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 05702595

EMUSIC.COM, LTD.

Abbreviated Accounts

30 June 2016

EMUSIC.COM, LTD. Registered Number 05702595

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Current assets
Debtors		10,902	129,071
Cash at bank and in hand		32,192	212,483
		43,094	341,554
Creditors: amounts falling due within one year		(3,828,132)	(4,554,402)
Net current assets (liabilities)		(3,785,038)	(4,212,848)
Total assets less current liabilities		(3,785,038)	(4,212,848)
Total net assets (liabilities)		(3,785,038)	(4,212,848)
Capital and reserves
Called up share capital	2	1	1
Profit and loss account		(3,785,039)	(4,212,849)
Shareholders' funds		(3,785,038)	(4,212,848)

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 directors acknowledge their 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 Board on 29 March 2017

And signed on their behalf by:
Yoav Efron, Director

EMUSIC.COM, LTD. Registered Number 05702595

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 April 2008).

Going concern
The financial statements have been prepared on a going concern basis. The parent company has provided notice that it will continue to support the operational needs of the company in order to allow the company to meet its liabilities as they fall due.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Other accounting policies
Foreign currency
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange difference are included in the profit and loss account.

Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1