REGISTERED NUMBER: 06064445 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2013

for

500 Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J C Rodwell

SECRETARY:

C M Rodwell

REGISTERED OFFICE:

Unit 500 17 Holywell Hill

St. Albans

Hertfordshire

AL3 4ER

REGISTERED NUMBER:

06064445 (England and Wales)

FIXED ASSETS

Intangible assets

2

3,668

7,763

Tangible assets

3

3,251

6,582

6,919

14,345

CURRENT ASSETS

Debtors

54,090

48,191

Cash at bank

13,995

2,444

68,085

50,635

CREDITORS

Amounts falling due within one year

37,160

47,599

NET CURRENT ASSETS

30,925

3,036

TOTAL ASSETS LESS CURRENT LIABILITIES

37,844

17,381

CREDITORS

Amounts falling due after more than one year

4

(465,500

)

(220,500

)

PROVISIONS FOR LIABILITIES

(451

)

(1,073

)

NET LIABILITIES

(428,107

)

(204,192

)

CAPITAL AND RESERVES

Called up share capital

5

30,000

30,000

Profit and loss account

(458,107

)

(234,192

)

SHAREHOLDERS' FUNDS

(428,107

)

(204,192

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 December 2013 and were signed by:

J C Rodwell - Director

1.	ACCOUNTING POLICIES

Going concern

The company's balance sheet shows a net deficit shareholders fund position. However, the directors' have received

confirmation from the shareholders of their continued financial support for the foreseeable future and for at least

twelve months from the date of signature of these

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Intangible fixed assets

Expenditure on Research & Development as well as Website Development has been capitalised and is being written

off over between three and five years, depending on the expected useful life of the project.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2012

and 31 March 2013

20,044

AMORTISATION

At 1 April 2012

12,281

Amortisation for year

4,095

At 31 March 2013

16,376

NET BOOK VALUE

At 31 March 2013

3,668

At 31 March 2012

7,763

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2012

22,788

Additions

3,575

At 31 March 2013

26,363

DEPRECIATION

At 1 April 2012

16,206

Charge for year

6,906

At 31 March 2013

23,112

NET BOOK VALUE

At 31 March 2013

3,251

At 31 March 2012

6,582

4.

CREDITORS

Creditors include an amount of £ 285,000 (2012 - £ 40,000 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

300,000

Ordinary

£0.10

30,000

30,000

6.	ULTIMATE PARENT COMPANY

The company' ultimate parent company is M Rodwell Investment Limited, by virtue of its 80% shareholdings.

7.	RELATED PARTY DISCLOSURES

Jonathan M Rodwell, the director is also a director and shareholder of M Rodwell Investments Limited. During the

year, the company has received a loan of £245,000 (2012 - £220,500) from M Rodwell Investments Limited. At 31st

March 2013, 500 Limited owed £465,500 (2012-£220,500) to M Rodwell Investments Limited.