Company Registration No. 07202852 (England and Wales)
BROTHERHOOD EXPERIENTIAL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
BROTHERHOOD EXPERIENTIAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BROTHERHOOD EXPERIENTIAL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
207,111
-
Tangible assets
2
1,838
-
Investments
2
1
-
208,950
-
Current assets
Debtors
183,046
32,757
Cash at bank and in hand
18,117
-
201,163
32,757
Creditors: amounts falling due within one year
(395,969)
(25,939)
Net current liabilities/(assets)
(194,806)
6,818
Total assets less current liabilities
14,144
6,818
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
14,142
6,816
Shareholders' funds
14,144
6,818
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 24 December 2015
J Heighway
D Murphy
Director
Director
Company Registration No. 07202852
BROTHERHOOD EXPERIENTIAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
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 April 2008).
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equip. - 15% Reducing balance
1.6
Investments
These financial statements include the results and financial position of Brotherhood Experiential Limited's interest in Brotherhood Media Management LLP.
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 1 April 2014
-
-
-
-
Additions
233,000
1,935
1
234,936
At 31 March 2015
233,000
1,935
1
234,936
Depreciation
At 1 April 2014
-
-
-
-
Charge for the year
25,889
97
-
25,986
At 31 March 2015
25,889
97
-
25,986
Net book value
At 31 March 2015
207,111
1,838
1
208,950
BROTHERHOOD EXPERIENTIAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2