REGISTERED NUMBER: 06576862 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Academic Rights Press Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Press

REGISTERED OFFICE:

46 ELEANOR ROAD

LONDON

N11 2QS

REGISTERED NUMBER:

06576862 (England and Wales)

ACCOUNTANT:

CAW Accounting Services Limited

4 Windmill Lane

Widmer End

High Wycombe

Buckinghamshire

HP15 6AF

FIXED ASSETS

Intangible assets

4

119,965

153,666

CURRENT ASSETS

Debtors

5

62,267

69,678

Cash at bank

7,820

4,629

70,087

74,307

CREDITORS

Amounts falling due within one year

6

286,252

245,707

NET CURRENT LIABILITIES

(216,165

)

(171,400

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(96,200

)

(17,734

)

CREDITORS

Amounts falling due after more than one year

7

80,681

85,843

NET LIABILITIES

(176,881

)

(103,577

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(176,981

)

(103,677

)

SHAREHOLDERS' FUNDS

(176,881

)

(103,577

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 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 director on 28 February 2018 and were signed by:

R Press - Director

1.	STATUTORY INFORMATION

Academic Rights Press 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet 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 1 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2016

and 30 April 2017

254,899

AMORTISATION

At 1 May 2016

101,233

Charge for year

33,701

At 30 April 2017

134,934

NET BOOK VALUE

At 30 April 2017

119,965

At 30 April 2016

153,666

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

53,458

57,107

Other debtors

8,809

12,571

62,267

69,678

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Bank loans and overdrafts

11,466

42,570

Trade creditors

273,585

200,072

Taxation and social security

(1,258

)

127

Other creditors

2,459

2,938

286,252

245,707

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.17

30.4.16

£

£

Other creditors

80,681

85,843

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Centurian Music Limited..