REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE PERIOD |
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8 JULY 2014 TO 31 DECEMBER 2015 |
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FOR |
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NEW SPARTA MEDIA LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE PERIOD |
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8 JULY 2014 TO 31 DECEMBER 2015 |
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FOR |
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NEW SPARTA MEDIA LIMITED |
NEW SPARTA MEDIA LIMITED (REGISTERED NUMBER: 09121248) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 8 JULY 2014 TO 31 DECEMBER 2015 |
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Company Information | 1 |
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Chartered Certified Accountants' Report | 2 |
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Abbreviated Balance Sheet | 3 |
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Notes to the Abbreviated Accounts | 5 |
NEW SPARTA MEDIA LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 8 JULY 2014 TO 31 DECEMBER 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
NEW SPARTA MEDIA LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
pages three to six) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of New Sparta Media Limited for the period ended 31 December 2015 |
which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's |
accounting records and from information and explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of New Sparta Media Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New Sparta Media Limited and state those matters that we have agreed to state to the Board of Directors of New Sparta Media Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that New Sparta Media 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 New Sparta Media Limited. You consider that New Sparta Media Limited is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of New Sparta Media 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. |
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Chartered Certified Accountants |
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14 July 2016 |
NEW SPARTA MEDIA LIMITED (REGISTERED NUMBER: 09121248) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2015 |
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Notes | £ | £ |
FIXED ASSETS |
Investments | 2 |
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CURRENT ASSETS |
Debtors | 3 |
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Cash in hand |
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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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CREDITORS |
Amounts falling due after more than one
year |
4 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
NEW SPARTA MEDIA LIMITED (REGISTERED NUMBER: 09121248) |
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ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2015 |
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The financial statements were approved by the Board of Directors on
behalf by: |
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NEW SPARTA MEDIA LIMITED (REGISTERED NUMBER: 09121248) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 8 JULY 2014 TO 31 DECEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
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COST |
Additions | 2,079,836 |
At 31 December 2015 | 2,079,836 |
NET BOOK VALUE |
At 31 December 2015 |
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The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
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Country of incorporation:
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Nature of business:
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% |
Class of shares: | holding |
Membership share |
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Country of incorporation:
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Nature of business:
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% |
Class of shares: | holding |
Common shares |
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Country of incorporation:
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Nature of business:
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% |
Class of shares: | holding |
Ordinary |
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3. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
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The aggregate total of debtors falling due after more than one year is £
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NEW SPARTA MEDIA LIMITED (REGISTERED NUMBER: 09121248) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE PERIOD 8 JULY 2014 TO 31 DECEMBER 2015 |
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4. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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£ |
Repayable otherwise than by instalments | 727,207 |
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The Preferred Shares do not have any voting rights. |
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The shares carry a right to a cumulative fixed dividend accruing at a rate of 10% on their Preference |
Amount (plus the amount of any Preferred Dividend unpaid at the time of payment, which shall be |
deemed to compound on a yearly basis) payable when declared by the Directors. |
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The shares also carry a right to capital distributions (including on a winding-up) and redemption. |
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5. | CALLED UP SHARE CAPITAL |
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Allotted and issued: |
Number: | Class: | Nominal |
value: | £ |
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Share capital 1 | £1 |
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The following shares were issued during the period: |
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6. | ULTIMATE PARENT COMPANY |
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company. |
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7. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
Sparta Holdings Limited. |
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8. | GOING CONCERN |
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The financial statements have been prepared on a going concern basis. In the opinion of the directors |
this is appropriate because they have undertaken to continue to support the company. The |
shareholder loans are interest free and unsecured, and the shareholders' will not withdraw these funds |
in the forthcoming year. The directors have undertaken to introduce further funds if the need arises. |
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The directors expect, therefore, that the company will be able to meet its liabilities as they fall due. |
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If the company was unable to continue trading, adjustments would have to be made to reduce the |
value of the assets to their recoverable amount, to provide for any further liabilities which might arise, |
and to reclassify fixed assets and long-term liabilities as current assets and liabilities. |