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Unaudited Financial Statements for the Year Ended 31 December 2016 |
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Ebonytree Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2016 |
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for |
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Ebonytree Ltd |
Ebonytree Ltd (Registered number: 01647903) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Ebonytree Ltd |
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Company Information |
for the Year Ended 31 December 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
8 Hampstead Gate |
1 A Frognal |
Hampstead |
London |
NW3 6AL |
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SOLICITORS: |
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4 Gee's Court |
St Christopher's Place |
London |
W1U 1JD |
Ebonytree Ltd (Registered number: 01647903) |
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Abridged Balance Sheet |
31 December 2016 |
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2016 | 2015 |
£ | £ |
CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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Ebonytree Ltd (Registered number: 01647903) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Ebonytree Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Changes in accounting policies |
The company transitioned to FRS102 from previously extant UK GAAP as at 1 January 2015. There is no |
impact of the transition to FRS102. |
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Prinicipal activity and turnover |
The company's principal activity is that of marketing and assignment of publishing rights for the receipt of |
royalties. |
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Turnover represents the amounts (excluding value added tax) derived from artist royalties. Revenue is recognised |
when the company becomes entitled to it - usually on the rendering of an invoice. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Full provision is made for deferred tax assets and liabilities arising from timing differences between the |
recognition of gains and losses in the accounts and their recognition for tax purposes. |
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Foreign currencies |
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of |
exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the |
transactions. All differences are taken to the Profit and Loss account. |
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3. | RELATED PARTY DISCLOSURES |
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During the year, a management fee of £210,000 (2015 - £210,000) was paid to the fellow subsidiary, Rob |
Halford Music Ltd. At the balance sheet date, the balance outstanding from Rob Halford Music Limited was |
£1,288,491(2015 - £1,515,707). |
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4. | ULTIMATE CONTROLLING PARTY |
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Rob Halford Entertainment limited owns 100% of the voting share capital of Rob Halfrd Music Limited and |
Ebonytree Limited. Rob Halford Music Limited owns 100% of voting share capital of Betaglow Limited and |
25% of Judas Priest Music Limited. |
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The ultimate controlling party is the director, Mr R Halford, by virtue of his ownership of 100% of the voting |
share capital in Rob Halford Entertainment Limited. |
Ebonytree Ltd (Registered number: 01647903) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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5. | FIRST YEAR ADOPTION |
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The company transitioned to FRS102 from previously extant UK GAAP as at 1 January 2015. |
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There is no impact from the transition to FRS102. |
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