AARYA LIMITED

Company Registration Number:
06602530 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 November 2015

End date: 31 October 2016

AARYA LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

AARYA LIMITED

Company Information

for the Period Ended 31 October 2016




Director: Nicholas Antoniou
Stephen James Phillips
Philippe Jules Louis Victor Rixhon
Wim Soens
Registered office: First Floor Woodgate Studios
2-8 Games Road
Cockfosters
Barnet
Herts
EN4 9HN
Company Registration Number: 06602530 (England and Wales)

AARYA LIMITED

Directors' Report Period Ended 31 October 2016

The directors present their report with the financial statements of the company for the period ended 31 October 2016

Principal Activities

The principal activity of the company is the provision of content, marketing and technology services to the media and entertainment industry.

Directors
The directors shown below have held office during the whole of the period from
01 November 2015 to 31 October 2016
Nicholas Antoniou
Stephen James Phillips
Philippe Jules Louis Victor Rixhon
Wim Soens

Political and charitable donations

During the year, the company made charitable donations of GBP 985 to The Aarya Foundation.

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 28 February 2017
And Signed On Behalf Of The Board By:

Name: Philippe Jules Louis Victor Rixhon
Status: Director

AARYA LIMITED

Profit and Loss Account

for the Period Ended 31 October 2016


Notes

2016
£

2015
£
Turnover: 19,807 0
Gross profit or (loss): 19,807 0
Administrative expenses: ( 22,151 ) ( 15,344 )
Operating profit or (loss): ( 2,344 ) ( 15,344 )
Profit or (loss) on ordinary activities before taxation: ( 2,344 ) ( 15,344 )
Profit or (loss) for the financial year: ( 2,344 ) ( 15,344 )

The notes form part of these financial statements

AARYA LIMITED

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

AARYA LIMITED

Balance sheet

As at 31 October 2016


Notes

2016
£

2015
£
Fixed assets
Intangible assets: 2 82 10,229
Total fixed assets: 82 10,229
Current assets
Debtors: 7,974 32,857
Cash at bank and in hand: 378 1,263
Total current assets: 8,352 34,120
Creditors: amounts falling due within one year: ( 7,571 )
Net current assets (liabilities): 8,352 26,549
Total assets less current liabilities: 8,434 36,778
Creditors: amounts falling due after more than one year: ( 113,000 ) ( 139,000 )
Total net assets (liabilities): ( 104,566 ) ( 102,222 )

The notes form part of these financial statements

AARYA LIMITED

Balance sheet continued

As at 31 October 2016


Notes

2016
£

2015
£
Capital and reserves
Called up share capital: 3 505 505
Profit and loss account: 4 ( 105,071 ) ( 102,727 )
Shareholders funds: ( 104,566 ) ( 102,222 )

For the year ending 31 October 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 28 February 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Philippe Jules Louis Victor Rixhon
Status: Director

The notes form part of these financial statements

AARYA LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

    Turnover policy

    Turnover consists of invoiced sales excluding VAT.

    Tangible fixed assets depreciation policy

    The company does not have any tangible fixed assets and therefore no present policy for such depreciation.

    Intangible fixed assets amortisation policy

    Intangible fixed asset investments are stated at historical cost less provision for any diminution in value.

    Valuation information and policy

    See notes regarding tangible fixed assets and intangible fixed assets.

    Other accounting policies

    Going concern
    The accounts have been prepared on a going concern basis which is dependent upon the continuing support of the directors who have agreed not to seek repayment of loans made to the company for the foreseeable future. The company's business plan shows a profitable position for the company, however this is dependent upon its ability to secure sufficient funding in the short term.

    Hire purchase and leasing
    Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

    Financial instruments
    Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

AARYA LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2016

  • 2. Intangible assets

    Goodwill Other Total
    Cost £ £ £
    01 November 2015: - 10,229 10,229
    Additions: - - 0
    Disposals: - ( 10,147 ) ( 10,147 )
    Revaluations: - - 0
    Transfers: - - 0
    31 October 2016: - 82 82
    Amortisation
    01 November 2015: - 0 0
    Provided during the period: - - 0
    On disposals: - 0 0
    Other Adjustments: - - 0
    31 October 2016: - 0 0
    Net book value
    31 October 2016: - 82 82
    31 October 2015: - 10,229 10,229

    Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

    Jazz Music Ltd, England and Wales, ordinary holding, 50% of voting rights and shares held, dormant. The profit for the financial period of Jazz Music Ltd was nil and the aggregate amount of capital and reserves at the end of the period was GBP 100.

    Pan Music Ltd, England and Wales, ordinary holding, 33.3% of voting rights and shares held, dormant. The profit for the financial period of Pan Music Ltd was nil and the aggregate amount of capital and reserves at the end of the period was GBP 96.

AARYA LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 505 1.00 505
    Preference shares: 0
    Total share capital (£): 505
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 505 1.00 505
    Preference shares: 0
    Total share capital (£): 505

AARYA LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2016

  • 4. Profit and loss account


    2016
    £

    2015
    £
    Opening balance: ( 102,727 ) ( 87,383 )
    Profit or (loss) for the period: ( 2,344 ) ( 15,344 )
    Retained profit: ( 105,071 ) ( 102,727 )

AARYA LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2016

  • 5. Related party disclosures

    Name of the ultimate controlling party during the period: Mr Philippe Jules Louis Victor Rixhon
    Name of related party: The Aarya Foundation
    Relationship: Mr Philippe Jules Louis Victor Rixhon is a trustee in The Aarya Foundation, a registered charity.
    Description of the transaction The company made a GBP 985 charitable donation to The Aarya Foundation during the year.
    Balance at 01 November 2015 985
    Balance at 31 October 2016 0