REGISTERED NUMBER: 06064445 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

500 Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr. J C Rodwell

SECRETARY:

Mrs. C M Rodwell

REGISTERED OFFICE:

Unit 500 17 Holywell Hill

St. Albans

Hertfordshire

AL1 1DT

REGISTERED NUMBER:

06064445 (England and Wales)

FIXED ASSETS

Intangible assets

2

3,000

2,000

Tangible assets

3

1,463

2,356

4,463

4,356

CURRENT ASSETS

Debtors

14,280

29,995

Cash at bank

15,090

7,532

29,370

37,527

CREDITORS

Amounts falling due within one year

26,789

16,898

NET CURRENT ASSETS

2,581

20,629

TOTAL ASSETS LESS CURRENT LIABILITIES

7,044

24,985

CREDITORS

Amounts falling due after more than one year

4

(614,325

)

(518,247

)

PROVISIONS FOR LIABILITIES

(292

)

(308

)

NET LIABILITIES

(607,573

)

(493,570

)

CAPITAL AND RESERVES

Called up share capital

5

30,000

30,000

Profit and loss account

(637,573

)

(523,570

)

SHAREHOLDERS' FUNDS

(607,573

)

(493,570

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 17 December 2015 and were signed by:

Mr. 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 accounts.

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 the cost less estimated residual value of 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.

Research and development

Research and development expenditure is written off in the profit and loss account in the year to which the

expenditure relates. Research and development tax credits are only recognised when received by the company.

Intangible fixed assets

Expenditure on development cost and website development have been capitalised and are 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 2014

20,044

Additions

1,500

At 31 March 2015

21,544

AMORTISATION

At 1 April 2014

18,044

Amortisation for year

500

At 31 March 2015

18,544

NET BOOK VALUE

At 31 March 2015

3,000

At 31 March 2014

2,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

26,363

DEPRECIATION

At 1 April 2014

24,007

Charge for year

893

At 31 March 2015

24,900

NET BOOK VALUE

At 31 March 2015

1,463

At 31 March 2014

2,356

4.

CREDITORS

Creditors include an amount of £ 474,078 (2014 - £ 378,000 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

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 82.5%

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 £122,000 (2014 - £93,000) from M Rodwell Investments

Limited. At the balance sheet date 500 Limited owed £614,325 (2014-£518,247) to M Rodwell Investments

Limited.