| The Red House Studio Limited |
| Registered number: |
01891696 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
212,948 |
|
|
479,769 |
| Investments |
3 |
|
|
45,210 |
|
|
45,210 |
|
|
|
|
258,158 |
|
|
524,979 |
|
| Current assets |
| Debtors |
|
|
503 |
|
|
- |
| Cash at bank |
|
|
790,202 |
|
|
271,115 |
|
|
|
790,705 |
|
|
271,115 |
|
| Creditors: amounts falling due within one year |
|
|
(77,768) |
|
|
(50,474) |
|
| Net current assets |
|
|
|
712,937 |
|
|
220,641 |
|
| Net assets |
|
|
|
971,095 |
|
|
745,620 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
970,995 |
|
|
745,520 |
|
| Shareholders' funds |
|
|
|
971,095 |
|
|
745,620 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit 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 the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| R T Argent |
| Director |
| Approved by the board on 3 December 2014 |
|
| The Red House Studio Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax of royalties, fees, performance fees and CD sales. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold land and buildings |
1% straight line |
|
Short leasehold and buildings |
1% straight line |
|
Furniture & equipment |
25% reducing balance |
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
961,709 |
|
Additions |
3,404 |
|
Disposals |
(306,378) |
|
At 31 March 2014 |
658,735 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
481,940 |
|
Charge for the year |
13,883 |
|
On disposals |
(50,036) |
|
At 31 March 2014 |
445,787 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
212,948 |
|
At 31 March 2013 |
479,769 |
|
|
|
|
|
|
|
|
| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 April 2013 |
45,210 |
|
|
At 31 March 2014 |
45,210 |
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
