|
Registered number: 02971278
C-VIEW LIMITED
UNAUDITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
|
|
C-VIEW LIMITED
REGISTERED NUMBER: 02971278
ABBREVIATED BALANCE SHEET
AS AT 30 SEPTEMBER 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CREDITORS: amounts falling due within one year
|
|
|
|
|
|
NET CURRENT (LIABILITIES)/ASSETS
|
|
|
|
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
|
|
CREDITORS: amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 September 2016 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
Page 1
|
|
C-VIEW LIMITED
ABBREVIATED BALANCE SHEET (continued)
AS AT 30 SEPTEMBER 2016
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:
................................................
A P Chappell
|
|
|
|
|
|
|
The notes on pages 3 to 5 form part of these financial statements.
Page 2
|
|
C-VIEW LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
1.ACCOUNTING POLICIES
|
|
|
BASIS OF PREPARATION OF FINANCIAL STATEMENTS
|
|
|
|
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).
|
|
|
|
|
|
|
|
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. This is dependent upon the company continuing to generate the levels of income and funding sufficient to meet its needs.
The directors are confident that the company will find new sources of revenue and will continue to be supported by its bank and ultimately the shareholders to provide funding in the short term whilst they address the business' long term return to profitability and growth.
The financial statements do not include any adjustments that might be necessary should the company be unable to continue as a going concern.
|
|
|
|
|
|
|
|
Turnover comprises revenue recognised by the company in respect of services supplied.
Revenue is recognised on management and incentive fees once full entitlement passes to the company based upon the variable conditions and performance measures set out by each investment fund's contract of service.
|
|
|
|
TANGIBLE FIXED ASSETS AND DEPRECIATION
|
|
|
|
|
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
|
|
|
|
|
|
|
|
|
|
|
|
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Profit and loss account.
|
Page 3
|
|
C-VIEW LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
1.ACCOUNTING POLICIES (continued)
|
|
|
|
|
|
|
All payments to The C-View Employee Benefit Trust which have not vested unconditionally to its identified beneficiaries at the period end are disclosed within the the financial statements of the company in accordance with UITF 32.
The management and control of these net assets is at the discretion of the Trustees in accordance with the Trust Deed.
|
2.TANGIBLE FIXED ASSETS
|
|
|
|
|
|
|
At 1 October 2015 and 30 September 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.CREDITORS:
AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other loans due after more than one year were £nil at year end (2015 - £25,500).
Bank borrowings are secured by a fixed charge over the assets of the company.
Page 4
|
|
C-VIEW LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
4.SHARE CAPITAL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLOTTED, CALLED UP AND FULLY PAID
|
|
|
|
|
|
|
|
|
|
|
|
46,200 Ordinary A shares of £1 each
|
|
|
|
|
|
5,250 Ordinary B shares of £1 each
|
|
|
|
|
|
7,875 Ordinary C shares of £1 each
|
|
|
|
|
|
2,625 Ordinary D shares of £1 each
|
|
|
|
|
|
28,875 Ordinary E shares of £1 each
|
|
|
|
|
|
1,050 Ordinary F shares of £1 each
|
|
|
|
|
|
5,250 Ordinary G shares of £1 each
|
|
|
|
|
|
5,250 Ordinary H shares of £1 each
|
|
|
|
|
|
2,625 (2015 - 5,250) Ordinary I shares of £1 each
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.DIRECTORS' BENEFITS: ADVANCES, CREDIT AND GUARANTEES
At the balance sheet date A P Chappell, a director, owed the company £108,051 (2015: £152,657).
Page 5
|
