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REGISTERED NUMBER: 03676856 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Academy Of Performing Arts Limited

Academy Of Performing Arts Limited (Registered number: 03676856)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Academy Of Performing Arts Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: N J Barnes
J R Barnes





REGISTERED OFFICE: 18 Newton Close
Trowse
Norwich
Norfolk
NR14 8TX





REGISTERED NUMBER: 03676856 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

Academy Of Performing Arts Limited (Registered number: 03676856)

Statement of Financial Position
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 109 212
Investment property 5 931,000 788,468
931,109 788,680

CURRENT ASSETS
Debtors 6 26,814 21,697
Cash at bank 635 -
27,449 21,697
CREDITORS
Amounts falling due within one year 7 2,461 2,119
NET CURRENT ASSETS 24,988 19,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

956,097

808,258

CREDITORS
Amounts falling due after more than one
year

8

(455,811

)

(461,084

)

PROVISIONS FOR LIABILITIES (98,790 ) (42 )
NET ASSETS 401,496 347,132

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 421,066 377,303
Retained earnings (19,670 ) (30,271 )
SHAREHOLDERS' FUNDS 401,496 347,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

Academy Of Performing Arts Limited (Registered number: 03676856)

Statement of Financial Position - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 September 2017 and were signed on its behalf
by:





J R Barnes - Director


Academy Of Performing Arts Limited (Registered number: 03676856)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Academy Of Performing Arts Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Academy Of Performing Arts Limited (Registered number: 03676856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2016
and 31 December 2016 3,404 6,500 9,904
DEPRECIATION
At 1 January 2016 3,337 6,355 9,692
Charge for year 66 37 103
At 31 December 2016 3,403 6,392 9,795
NET BOOK VALUE
At 31 December 2016 1 108 109
At 31 December 2015 67 145 212

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2016 788,468
Revaluations 142,532
At 31 December 2016 931,000
NET BOOK VALUE
At 31 December 2016 931,000
At 31 December 2015 788,468

The fair value of the company's investment properties were estimated based upon similar properties in the market
as at 31 December 2016 and no valuation was carried out by a relevant professional.

Cost or valuation at 31 December 2016 is represented by:

£   
Valuation in 2006 377,303
Valuation in 2016 142,532
Cost 411,165
931,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Other debtors 5,824 186
Directors' current accounts 20,990 21,511
26,814 21,697

Academy Of Performing Arts Limited (Registered number: 03676856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Bank loans and overdrafts - 456
Tax 1,261 463
Accrued expenses 1,200 1,200
2,461 2,119

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.16 31.12.15
£    £   
Other loans more 5yrs instal 455,811 461,084

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 455,811 461,084

9. RESERVES
Fair
value
reserve
£   
At 1 January 2016 377,303
Non-distributable 43,763

At 31 December 2016 421,066

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and
31 December 2015:

31.12.16 31.12.15
£    £   
N J Barnes
Balance outstanding at start of year 21,510 23,297
Amounts repaid (520 ) (1,787 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,990 21,510

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N J Barnes.

Academy Of Performing Arts Limited (Registered number: 03676856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

12. FIRST YEAR ADOPTION

The company has transitioned from UK GAAP to FRS102 Section 1A as at 1 January 2016.

Adjustments were made to the investment properties held by the company at the year end to meet the new
standards, by way of transferring histrorical revaluations to the profit and loss.