Company Registration No. 04150834 (England and Wales)
NO 9 MUSIC LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
NO 9 MUSIC LIMITED
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2016
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
NO 9 MUSIC LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NO 9 MUSIC LIMITED FOR THE YEAR ENDED 31 MARCH 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of No 9 Music Limited for the year ended 31 March 2016 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of No 9 Music Limited, as a body, in accordance with the terms of our engagement letter dated 19 December 2012. Our work has been undertaken solely to prepare for your approval the financial statements of No 9 Music Limited and state those matters that we have agreed to state to the Board of Directors of No 9 Music Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than No 9 Music Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that No 9 Music Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of No 9 Music Limited. You consider that No 9 Music Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of No 9 Music Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
.............................................
22 December 2016
Dales Evans and Co Limited
Date
Chartered Accountants
88-90 Baker Street
London
W1U 6TQ
NO 9 MUSIC LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 2 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
497,930
497,930
Cash at bank and in hand
234
834
498,164
498,764
Creditors: amounts falling due within one year
(3,660)
(1,800)
Total assets less current liabilities
494,504
496,964
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
494,404
496,864
Shareholders' funds
494,504
496,964
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 December 2016
N Gallagher
Director
Company Registration No. 04150834
NO 9 MUSIC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company is not a going concern
and will cease trading in the foreseeable future
. Accordingly the financial statements have been prepared on the break-up basis however there are no material differences between the financial statements prepared on this basis as compared to the financial statements had they been prepared on the going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100