Academic Rights Press Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06576862 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Academic Rights Press Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director's Responsibilities Statement

6

Independent Chartered Certified Accountant's Review Report

7

DIRECTOR:

R Press

REGISTERED OFFICE:

18 Denbigh Road

LONDON

W11 2SN

REGISTERED NUMBER:

06576862 (England and Wales)

ACCOUNTANT:

CAW Accounting Services Limited

4 Windmill Lane

Widmer End

High Wycombe

Buckinghamshire

HP15 6AF

FIXED ASSETS

Intangible assets

4

86,264

119,965

CURRENT ASSETS

Debtors

5

30,024

62,267

Cash at bank

62

7,820

30,086

70,087

CREDITORS

Amounts falling due within one year

6

268,392

286,252

NET CURRENT LIABILITIES

(238,306

)

(216,165

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(152,042

)

(96,200

)

CREDITORS

Amounts falling due after more than one year

7

66,402

80,681

NET LIABILITIES

(218,444

)

(176,881

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(218,544

)

(176,981

)

SHAREHOLDERS' FUNDS

(218,444

)

(176,881

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 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 director on 6 January 2019 and were signed by:

R Press - Director

1.	STATUTORY INFORMATION

Academic Rights Press 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, 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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2017

and 30 April 2018

254,899

AMORTISATION

At 1 May 2017

134,934

Charge for year

33,701

At 30 April 2018

168,635

NET BOOK VALUE

At 30 April 2018

86,264

At 30 April 2017

119,965

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

22,404

53,458

Other debtors

7,620

8,809

30,024

62,267

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans and overdrafts

14,534

11,466

Trade creditors

254,472

273,585

Taxation and social security

(1,258

)

(1,258

)

Other creditors

644

2,459

268,392

286,252

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

30.4.17

£

£

Other creditors

66,402

80,681

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Centurion Music Ltd.

The following reproduces the text of the report prepared for the director and members in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required

to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Director are not required to be filed with the Registrar of Companies.

I confirm that as a director I have met my duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-	prepare financial statements which give a true and fair view of the state of affairs of the company as at 30 April 2018 and of its loss for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

R Press - Director

6 January 2019

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

I have reviewed the financial statements of Academic Rights Press Limited for the year ended 30 April 2018, which comprise the Income Statement, Balance Sheet and the related notes 1 to 7. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's director in accordance with my terms of engagement. My review has been undertaken so that I might state to the director those matters that I have agreed with him in my engagement letter and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's director for my work, for this report or the conclusions I have formed.

Director's responsibility for the financial statements

As explained more fully in the Director's Responsibilities Statement set out on page seven, the director is responsible

for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountant's responsibility

My responsibility is to express a conclusion based on my review of the financial statements. I conducted my review in

accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review

historical financial statements' and ICAEW Technical Release TECH 09/13AAF 'Assurance review engagements on

historical financial statements'. ISRE 2400 also requires me to comply with the ICAEW Code of Ethics.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. I have

performed additional procedures to those required under a compilation engagement. These primarily consist of

making enquiries of management and others within the entity, as appropriate, applying analytical procedures and

evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed

in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, I do not

express an audit opinion on these financial statements.

Conclusion

Based on my review, nothing has come to my attention that causes me to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 30 April 2018 and of its loss for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	in accordance with the requirements of the Companies Act 2006.

CAW Accounting Services Limited

4 Windmill Lane

Widmer End

High Wycombe

Buckinghamshire

HP15 6AF

Date: .............................................