Polar Songs Limited - Limited company - abbreviated

REGISTERED NUMBER: 06954690 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31st March 2014

for

Polar Songs Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr N J Connolly

Mr G Lightbody

Mr J G Quinn

REGISTERED OFFICE:

Ground Floor

31 Kentish Town Road

London

NW1 8NL

REGISTERED NUMBER:

06954690 (England and Wales)

ACCOUNTANTS:

C.C. Panayi & Co LLP

Ground Floor

31 Kentish Town Road

London

NW1 8NL

CURRENT ASSETS

Debtors

11,483

77,659

Cash at bank and in hand

41,635

125,386

53,118

203,045

CREDITORS

Amounts falling due within one year

53,898

201,788

NET CURRENT (LIABILITIES)/ASSETS

(780

)

1,257

TOTAL ASSETS LESS CURRENT
LIABILITIES

(780

)

1,257

CAPITAL AND RESERVES

Called up share capital

2

3

Profit and loss account

(783

)

1,254

SHAREHOLDERS' FUNDS

(780

)

1,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22nd December 2014 and
were signed on its behalf by:

Mr N J Connolly - Director

Mr G Lightbody - Director

Mr J G Quinn - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced royalties receivable, excluding value added tax.

Going concern

These financial statements have been prepared on a going concern basis. The company

sustained a loss during the period and had net liabilities at the Balance Sheet date. The

directors are confident that the net liabilities will be reversed once the company is fully

operational and undertake to continue to support the company until such time.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

3

Ordinary

£1

3

Polar Songs Limited - Limited company - abbreviated - 11.6

Polar Songs Limited - Limited company - abbreviated - 11.6