ABERNELSON MERSEY LIMITED

ABERNELSON MERSEY LIMITED

ABERNELSON MERSEY LIMITED - Company Information

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ABERNELSON MERSEY LIMITED

Company Registration Number:
10077328 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

ABERNELSON MERSEY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

ABERNELSON MERSEY LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Investments: 2 2 2
Total fixed assets: 2 2
Current assets
Debtors:   7,500
Cash at bank and in hand: 9,925 10,091
Total current assets: 17,425 10,091
Creditors: amounts falling due within one year:   (4,029) (3,467)
Net current assets (liabilities): 13,396 6,624
Total assets less current liabilities: 13,398 6,626
Total net assets (liabilities): 13,398 6,626
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 13,388 6,616
Shareholders funds: 13,398 6,626

The notes form part of these financial statements

ABERNELSON MERSEY LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 October 2018
and signed on behalf of the board by:

Name: K Abernethy
Status: Director

The notes form part of these financial statements

ABERNELSON MERSEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

InvestmentsInvestments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured, with the exception of Directors' loans, at amortised cost determined using the effective interest method.

ABERNELSON MERSEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Fixed investments

Investments in subsidiary undertakingsCost at 1 April 2017 and at 31 March 2018£2Historical cost at 1 April 2017 and at 31 March 2018£2

ABERNELSON MERSEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Related party transactions

Name of the related party: Olsen Broadcast Services Ltd
Relationship:
Subsidiary
Description of the Transaction: At 31 March 2018, other debtors includes a dividend of £7,500 due from the Company's wholly owned subsidiary, Olsen Broadcast Services Ltd. This amount was paid to the Company after the year end.
£
Balance at 01 April 2017 0
Balance at 31 March 2018 7,500
Name of the related party: K Abernethy and S Olsen
Relationship:
Shareholders
Description of the Transaction: As at 31 March 2018, a balance of £3,469 was due to the owners of the Company, relating to advances provided for certain expenses. All balances are interest free and repayable on demand.
£
Balance at 01 April 2017 3,467
Balance at 31 March 2018 3,469

ABERNELSON MERSEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Post balance sheet events

After the reporting date, the Company's wholly owned subsidiary, Olsen Broadcast Services Ltd, applied to be struck off at Companies House. There are no outstanding debts between the two companies, and the Directors do not consider this to have a material impact on the Company, therefore no adjustments have been made to the financial statements to reflect this.