Registered Number 07881728
LONDON BROADCASTING PARTNERS LTD
Abbreviated Accounts
31 December 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
|
|
||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
|
|
Total net assets (liabilities) |
( |
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
( |
|
|
Shareholders' funds |
( |
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
Research expenditure is written off to the profit and loss account in the year in which it is incurred.
Development expenditure is written off in the same year unless the directors are satisfied as to the
technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.
Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings
and equipment - 25% reducing balance
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.
Going concern
The director has agreed to continue to provide financial support and meet the company's obligations as and when they arise for the foreseeable future. Going concern basis remains appropriate.
£ | |
---|---|
Cost | |
At 1 January 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 December 2014 |
|
Amortisation | |
At 1 January 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 December 2014 |
|
Net book values | |
At 31 December 2014 | 2,394 |
At 31 December 2013 | 3,192 |
£ | |
---|---|
Cost | |
At 1 January 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 December 2014 |
|
Depreciation | |
At 1 January 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 December 2014 |
|
Net book values | |
At 31 December 2014 | 56,017 |
At 31 December 2013 | 55,606 |