Interstadia Limited - Accounts to registrar (filleted) - small 18.2

Interstadia Limited - Accounts to registrar (filleted) - small 18.2

INTERSTADIA LIMITED - Company Information

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REGISTERED NUMBER: 06954828 (England and Wales)















Financial Statements for the Year Ended 31 January 2018

for

Interstadia Limited
Interstadia Limited (Registered number: 06954828)






Contents of the Financial Statements
for the Year Ended 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Interstadia Limited

Company Information
for the Year Ended 31 January 2018







DIRECTORS: P D Harrison
P Walsh





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 06954828 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW
Page 1
Interstadia Limited (Registered number: 06954828)

Balance Sheet
31 January 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,400 17,600
Tangible assets 5 3,967 5,545
18,367 23,145

CURRENT ASSETS
Debtors 6 81,052 113,384
Cash at bank 1,197 3,287
82,249 116,671
CREDITORS
Amounts falling due within one year 7 153,116 102,994
NET CURRENT (LIABILITIES)/ASSETS (70,867 ) 13,677
TOTAL ASSETS LESS CURRENT
LIABILITIES
(52,500
)
36,822

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (53,500 ) 35,822
SHAREHOLDERS' FUNDS (52,500 ) 36,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 October 2018 and were signed on its behalf by:





P D Harrison - Director


The notes form part of these financial statements

Page 2
Interstadia Limited (Registered number: 06954828)

Notes to the Financial Statements
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

Interstadia Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts
recognised in the financial statements.

Turnover
Turnover is from delivery and maintenance of stadia access control systems and is measured at the fair value of
the consideration received or receivable, excluding discounts, rebated, value added tax and other sales taxes

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible asset
Intangible assets relates to software written to facilitate stadium ticketing and access control. This is written off
over 10 years.

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 - 15% on reducing balance

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest,
and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are
measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective
evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit
and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


Page 3 continued...
Interstadia Limited (Registered number: 06954828)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2017
and 31 January 2018 32,000
AMORTISATION
At 1 February 2017 14,400
Charge for year 3,200
At 31 January 2018 17,600
NET BOOK VALUE
At 31 January 2018 14,400
At 31 January 2017 17,600

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2017
and 31 January 2018 9,989
DEPRECIATION
At 1 February 2017 4,444
Charge for year 1,578
At 31 January 2018 6,022
NET BOOK VALUE
At 31 January 2018 3,967
At 31 January 2017 5,545

Page 4 continued...
Interstadia Limited (Registered number: 06954828)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Trade debtors 23,958 59,113
Amounts owed by participating interests 54,271 54,271
Other debtors 2,823 -
81,052 113,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Trade creditors 57,482 32,550
Amounts owed to participating interests 71,293 33,533
Taxation and social security 3,072 14,766
Other creditors 21,269 22,145
153,116 102,994

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is £6,486 (£6,486 2017) due to the director Mr P Harrison and £4,515 due to the director
Mr P Walsh.

9. RELATED PARTY DISCLOSURES

Included in debtors is £54,271 (2017 £54,271) due from Hybrid Energies Ltd, a company controlled by the
director Mr P Walsh.

Included in creditors is £35,730 (2017 £30,033) due to DWF (Trustee) Ltd, a company shareholder and £24,778
(2017 £3,500) due to Interstadia Digital Ltd, a company controlled by the director Mr P Walsh.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Walsh.

Page 5