ACCOUNTS - Final Accounts

Share capital

Shares classified as equity

Caseware UK (AP4) 2014.0.91 2014.0.91 2016-08-312016-08-31falsetrueInvestment holding companyfalse2015-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08566010 2015-07-01 2016-08-31 08566010 2016-08-31 08566010 2015-06-30 08566010 c:Director1 2015-07-01 2016-08-31 08566010 c:RegisteredOffice 2015-07-01 2016-08-31 08566010 d:CurrentFinancialInstruments 2016-08-31 08566010 d:CurrentFinancialInstruments 2015-06-30 08566010 d:Non-currentFinancialInstruments 2016-08-31 08566010 d:Non-currentFinancialInstruments 2015-06-30 08566010 d:ShareCapital 2016-08-31 08566010 d:ShareCapital 2015-06-30 08566010 c:OrdinaryShareClass1 2015-07-01 2016-08-31 08566010 c:OrdinaryShareClass1 2016-08-31 08566010 c:OrdinaryShareClass1 2015-06-30 08566010 c:FRS102 2015-07-01 2016-08-31 08566010 c:AuditExempt-NoAccountantsReport 2015-07-01 2016-08-31 08566010 c:AbbreviatedAccounts 2015-07-01 2016-08-31 08566010 c:PrivateLimitedCompanyLtd 2015-07-01 2016-08-31 08566010 d:Subsidiary1 2016-08-31 08566010 d:Subsidiary1 2015-07-01 2016-08-31 08566010 d:Subsidiary2 2016-08-31 08566010 d:Subsidiary2 2015-07-01 2016-08-31 08566010 d:Subsidiary3 2016-08-31 08566010 d:Subsidiary3 2015-07-01 2016-08-31 08566010 d:Subsidiary4 2016-08-31 08566010 d:Subsidiary4 2015-07-01 2016-08-31 08566010 d:Subsidiary5 2016-08-31 08566010 d:Subsidiary5 2015-07-01 2016-08-31 08566010 d:Subsidiary6 2016-08-31 08566010 d:Subsidiary6 2015-07-01 2016-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08566010

MAKENIGHT LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2016

MAKENIGHT LTD

COMPANY INFORMATION

Director	J J Davis


Registered number	08566010


Registered office	Regina House
	124 Finchley Road
	London
	NW3 5JS


Accountants	Nyman Libson Paul
	Chartered Accountants
	Regina House
	124 Finchley Road
	London
	NW3 5JS

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MAKENIGHT LTD

REGISTERED NUMBER: 08566010

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2016

	31 August	30 June
	2016	2015
Note	£	£

Non-current assets
Investments	3		150		150
			150		150
Current assets
Debtors: amounts falling due within one year	4	6,864		2,350
		6,864		2,350
Total assets less current liabilities			7,014		2,500

Net assets			7,014		2,500

Capital and reserves
Called up share capital	5	7,014	2,500
		7,014	2,500

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 May 2017.

J J Davis

Director
 

The notes on pages 3 to 6 form part of these financial statements.

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MAKENIGHT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2016

1.	General information

Makenight Ltd ('the Company') is a private company limited by shares and is incorporated and domiciled in England. The principal activity is that of a holding company and the address of the Company's registered office can be found within the Company Information on page 1 of these financial statements.
The sole director has a reasonable expectation that the Company has, available at its disposal, adequate financial resources to continue in operational existence for the foreseeable future and therefore considers it appropriate to adopt the going concern basis in preparing the Company's financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

There are no critical judgments nor any critical accounting estimates made in applying the Company's accounting policies towards the preparation of the financial statements in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland.
The policies applied under the Company's previous accounting framework are not materially different to those applied under Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland. Consequently, there has been no material impact on equity brought forward nor total comprehensive income reported for the preceding reporting period.

2.2

Exemption from preparing consolidated financial statements

The Company is exempt from the requirement to prepare consolidated financial statements by virtue of section 399 of the Companies Act 2006 as the Company and its subsidiary undertakings, both individually and on consolidation, are subject to the small companies regime.
The financial statements therefore present information about the Company as an individual undertaking and not about its Group.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Comparative figures

Comparative figures are for the year ending 30 June 2015.

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MAKENIGHT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2016

2.Accounting policies (continued)

2.6

Change in accounting period

The financial reporting date has been changed from 30 June to 31 August and so the current and prior period figures shown within the financial statements are not entirely comparable. The financial reporting date was changed to meet the reporting requirements of the director.

3.	Fixed asset investments

		£
	Cost or valuation
	At 1 July 2015	150
	At 31 August 2016	150

	Net book value
	At 31 August 2016	150
	At 30 June 2015	150

The following were subsidiary undertakings of the Company during the period ended 31 August 2016; all of which are incorporated in England and in which the Company held either a 100% direct or indirect holding in the issued Ordinary share capital:

·Basementor Ltd: Principal activity - Provision of food, drink and recreational services

·Hanover Bars Limited: Principal activity - Service company

·Hanoverroom Ltd: Principal activity - Service company

·Movement Brands Limited: Principal activity - Dormant

·Savoir Management Limited: Principal activity - Management company

·Tape Entertainment Group Limited: Principal activity - Subsidiary holding company

·Tape Hospitality Limited: Principal activity - Provision of hospitality and ancillary services

·Welf Ltd: Principal activity - Dormant

^ Movement Brands Limited joined the Group on incorporation as at 17 November 2015 upon acquisition of 100% of the issued share capital by Tape Entertainment Group Limited.
* Savoir Management Limited joined the Group on 13 November 2015 upon acquisition of 100% of the issued share capital by Tape Entertainment Group Limited.

The aggregate of the share capital and reserves as at 31 August 2016 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

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MAKENIGHT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2016

3.Fixed asset investments (continued)

		Aggregate of share capital and reserves	Profit/(loss)
		£	£

Hanover Bars Limited	264,730	(1,208,391)
Hanoverroom Ltd	(1,822,190)	290,489
Movement Brands Limited	1	-
Tape Entertainment Group Limited	(958,479)	(211,177)
Tape Hospitality Limited^	(1,249,037)	-
Welf Ltd	100	-
	(3,764,875)	(1,129,079)

^ Amounts disclosed above for Tape Hospitality Limited are as per unaudited draft management accounts for the period ended 31 August 2016.
The most recent financial statements available for Savoir Management Limited are for the year ended 31 May 2016. The aggregate of the share capital and reserves as at this date and of the profit or loss for the year ended on that date were £(163,385) and £nil respectively.
Basementor Ltd was incorporated on 13 June 2013 and entered into voluntary liquidation on 19 March 2015. No financial statements are available for Basementor Ltd with respect to a reporting period prior to 31 August 2016 and therefore the aggregate of share capital and reserves and of the profit or loss for a reporting period prior to 31 August 2016 is not disclosed above. A provision for impairment has been recognised by the Company on its investment in Basementor Ltd as at the reporting date.

Debtors

					31 August	30 June
					2016	2015
					£	£


Amounts owed by group undertakings	6,864	2,350

Amounts owed by group undertakings are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

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MAKENIGHT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2016

Allotted, called up and fully paid

701,394 (2015 - 250,000) Ordinary shares of £0.01 each	7,014	2,500

On 28 October 2015, the company issued 451,394 Ordinary shares of 1p for cash at par.
Ordinary shares issued by the Company are irredeemable and have attached to them full voting, dividend and capital distribution rights.

Related party transactions

The Company forms part of a wholly owned group and accordingly the Company has taken advantage of the exemption provided by paragraph 33.1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland, not to disclose transactions with wholly owned group undertakings. Details regarding balances as at the reporting date with wholly owned group undertakings due to the Company are included in note 4 to these financial statements.

7.	Controlling party

The immediate parent undertaking, by virtue of a 66% shareholding in the issued share capital of the Company, and ultimate controlling party is Debira Investments Ltd, a company incorporated in the United Arab Emirates. Financial statements for the immediate parent undertaking are not publically available.

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