BOXBEAT_LIMITED - Accounts

BOXBEAT LIMITED - Company Information

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Company Registration No. 05216302 (England and Wales)

BOXBEAT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

BOXBEAT LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

BOXBEAT LIMITED

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BOXBEAT LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2016

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The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boxbeat Limited for the year ended 30 November 2016 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Boxbeat Limited, as a body, in accordance with the terms of our engagement letter dated 3 October 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Boxbeat Limited and state those matters that we have agreed to state to the Board of Directors of Boxbeat Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boxbeat Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Boxbeat Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Boxbeat Limited. You consider that Boxbeat Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Boxbeat Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gerald Edelman

2 August 2017

Accountants

73 Cornhill

London

EC3V 3QQ

BOXBEAT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

700,000

Current assets

Debtors

93,789

1,151,394

93,789

1,151,394

Creditors: amounts falling due within one year

(88,904)

(563,868)

Net current assets

4,885

587,526

Total assets less current liabilities

4,887

1,287,526

Capital and reserves

Called up share capital

Revaluation reserve

722,306

Profit and loss account

4,885

565,218

Shareholders' funds

4,887

1,287,526

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

Director's 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 director acknowledges his 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 2 August 2017

C Kamenou

Director

Company Registration No. 05216302

BOXBEAT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

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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).

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

Turnover

Turnover represents rent receivable net of VAT which falls due in the period to which it relates.

1.4

Tangible fixed assets and depreciation

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the revaluation reserve.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed asset.

1.5

Comparative figures

Comparative figures are for the period from 1 September 2014 to 30 November 2015.

Fixed assets

Tangible assets

Cost

At 1 December 2015

700,000

Additions

Disposals

(700,000)

At 30 November 2016

At 30 November 2015

700,000

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each

BOXBEAT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

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Ultimate parent company

The parent company is Executive Developments Limited, a company registered in England and Wales.