Studio Hundreds Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07858969 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Studio Hundreds Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

12,891

19,337

Investment property

3

2,873,657

2,873,657

2,886,548

2,892,994

CURRENT ASSETS

Debtors

1,269,800

-

Cash at bank

851,662

102,744

2,121,462

102,744

CREDITORS

Amounts falling due within one year

2,860,158

2,935,669

NET CURRENT LIABILITIES

(738,696

)

(2,832,925

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,147,852

60,069

CREDITORS

Amounts falling due after more than one year

2,000,000

-

NET ASSETS

147,852

60,069

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

146,852

59,069

SHAREHOLDERS' FUNDS

147,852

60,069

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

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

The director acknowledges his 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 director on 23 December 2014 and were signed by:

N S Pike - 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 rents receivable excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment properties are included in the balance sheet at market value as valued by the directors.

No depreciation is provided in respect of freehold investment properties. Although the Companies Act 2006

would normally require the systematic annual depreciation of fixed assets, the directors believe that this policy of

not providing depreciation is necessary in order for the accounts to give a true and fair view, since the current

value of investment properties, and changes in that current value, are of prime importance rather than a

calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the

annual valuation, and the amount which might otherwise have been shown cannot be separately identified or

quantified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

25,783

DEPRECIATION

At 1 April 2013

6,446

Charge for year

6,446

At 31 March 2014

12,892

NET BOOK VALUE

At 31 March 2014

12,891

At 31 March 2013

19,337

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2013

and 31 March 2014

2,873,657

NET BOOK VALUE

At 31 March 2014

2,873,657

At 31 March 2013

2,873,657

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1,000

Ordinary

£1

1,000

1,000