ACCOUNTS - Final Accounts

SUPERVISION MEDIA SPORTS LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2016-12-312016-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2016-01-01 06969445 2016-01-01 2016-12-31 06969445 2016-12-31 06969445 2015-12-31 06969445 c:Director1 2016-01-01 2016-12-31 06969445 d:CurrentFinancialInstruments 2016-12-31 06969445 d:CurrentFinancialInstruments 2015-12-31 06969445 d:Non-currentFinancialInstruments 2016-12-31 06969445 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 06969445 d:CurrentFinancialInstruments d:WithinOneYear 2015-12-31 06969445 d:ShareCapital 2016-12-31 06969445 d:ShareCapital 2015-12-31 06969445 d:RetainedEarningsAccumulatedLosses 2016-12-31 06969445 d:RetainedEarningsAccumulatedLosses 2015-12-31 06969445 c:FRS102 2016-01-01 2016-12-31 06969445 c:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 06969445 c:FullAccounts 2016-01-01 2016-12-31 06969445 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 06969445 d:Subsidiary1 2016-01-01 2016-12-31 06969445 d:Subsidiary1 1 2016-01-01 2016-12-31 iso4217:GBP xbrli:pure

Registered number: 06969445

SUPERVISION MEDIA SPORTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

SUPERVISION MEDIA SPORTS LIMITED

REGISTERED NUMBER: 06969445

BALANCE SHEET

AS AT 31 DECEMBER 2016

		2016		2015
Note		£		£

Fixed assets
Investments			1		-
			1		-
Current assets
Debtors: amounts falling due within one year	5	-		165
Cash at bank and in hand	6	669		912
		669		1,077
Creditors: amounts falling due within one year	7	(4,744)		(4,858)
Net current liabilities			(4,075)		(3,781)
Total assets less current liabilities			(4,074)		(3,781)

Net liabilities			(4,074)		(3,781)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(4,075)	(3,782)
	(4,074)	(3,781)

The directors consider 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 year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered 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 20 September 2017.

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SUPERVISION MEDIA SPORTS LIMITED

REGISTERED NUMBER: 06969445

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2016

Mr D A Webber

Director

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

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SUPERVISION MEDIA SPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

1.	General information

Supervision Media Sports Limited is a private Company, limited by shares, incorporated in England under the Companies Act 2006 on 22 July 2009.
The registered office is shown on the information page.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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SUPERVISION MEDIA SPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

2.Accounting policies (continued)

2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 0 (2015 - 0).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	1
	At 31 December 2016	1

	Net book value
	At 31 December 2016	1
	At 31 December 2015	-

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SUPERVISION MEDIA SPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

4.Fixed asset investments (continued)

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Country of incorporation	Class of shares	Holding

Supervision Media Arts Limited

Ordinary

100%

Debtors

					2016	2015
					£	£


Trade debtors	-	165
	-	165

6.	Cash and cash equivalents
		2016	2015
		£	£

Cash at bank and in hand	669	912
	669	912

7.	Creditors: Amounts falling due within one year
		2016	2015
		£	£

Trade creditors	-	115
Amounts owed to group undertakings	3,749	3,748
Other creditors	395	395
Accruals and deferred income	600	600
	4,744	4,858

8.	Controlling party

The company was under the joint control of Mrs Diane Webber and Mr Daniel Webber at 31 December 2016.

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		SUPERVISION MEDIA SPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

9.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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