Company Registration No. 00894282 (England and Wales)
ABC MUSIC LONDON LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
ABC MUSIC LONDON LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABC MUSIC LONDON LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,670,501
1,447,047
Current assets
Cash at bank and in hand
7,610
5,245
Creditors: amounts falling due within one year
(785,621)
(756,169)
Net current liabilities
(778,011)
(750,924)
Total assets less current liabilities
892,490
696,123
Creditors: amounts falling due after more than one year
(866,654)
(923,675)
25,836
(227,552)
Capital and reserves
Called up share capital
3
50
50
Revaluation reserve
223,743
-
Profit and loss account
(197,957)
(227,602)
Shareholders'  funds
25,836
(227,552)
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 September 2016
Mrs Jyoti Puri
Director
Company Registration No. 00894282
ABC MUSIC LONDON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on a going concern basis on the assumption that the shareholders shall provide support to the company as and when required.

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Fixtures, fittings & equipment
15% Reducing Balance Method
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 January 2015
1,940,959
Transfer from freehold Property & Additions
1,429,585
Revaluation
223,743
Reclassified as investment property
(1,426,257)
At 31 December 2015
2,168,030
Depreciation
At 1 January 2015
493,911
Charge for the year
3,618
At 31 December 2015
497,529
Net book value
At 31 December 2015
1,670,501
At 31 December 2014
1,447,047
ABC MUSIC LONDON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
50 Ordinary shares of £1 each
50
50
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