REGISTERED NUMBER: NI054090 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Abu Media (NI) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B A JOYCE

P BOYCE

E J JOYCE

SECRETARY:

B A JOYCE

REGISTERED OFFICE:

C/O WHR Accountants Ltd

56 English Street

Armagh

Co. Armagh

BT61 7LG

REGISTERED NUMBER:

NI054090 (Northern Ireland)

ACCOUNTANTS:

WHR Accountants Ltd

Chartered Certified Accountants

Statutory Auditors

56 English Street

Armagh

Co. Armagh

BT61 7LG

SOLICITORS:

Geoffery Browne & Co.

24 Dock Road

Galway

Ireland

FIXED ASSETS

Tangible assets

3

34

45

CURRENT ASSETS

Debtors

4

200

200

Cash at bank

371

180

571

380

CREDITORS

Amounts falling due within one year

5

8,800

7,599

NET CURRENT LIABILITIES

(8,229

)

(7,219

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,195

)

(7,174

)

CREDITORS

Amounts falling due after more than one year

6

397,021

397,021

NET LIABILITIES

(405,216

)

(404,195

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(405,219

)

(404,198

)

SHAREHOLDERS' FUNDS

(405,216

)

(404,195

)

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.

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 27 September 2017 and were signed on its behalf by:

P BOYCE - Director

E J JOYCE - Director

1.	STATUTORY INFORMATION

Abu Media (NI) Ltd is a private company, limited by shares , registered in Northern Ireland. 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

First-time adoption of FRS 102

The company has adopted FRS 102 for the first time in the year ended 31 December 2016. The date of transition to FRS 102

is 1 January 2016.

There are no consequential changes in accounting policies or transition adjustments to note resulting from adoption of FRS

102 from the previous financial reporting framework.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful

life as follows:

Plant & Machinery - 20% straight line.

Fixtures, fittings

and equipment - 25% reducing balance.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

7,500

1,075

8,575

DEPRECIATION

At 1 January 2016

7,500

1,030

8,530

Charge for year

-

11

11

At 31 December 2016

7,500

1,041

8,541

NET BOOK VALUE

At 31 December 2016

-

34

34

At 31 December 2015

-

45

45

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

VAT

200

200

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Abu Media Teoranta

4,200

3,500

Trade creditors

2,400

2,399

Accrued expenses

2,200

1,700

8,800

7,599

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The loan received from the Northern Ireland Film and Television Commission(NIFTC) is repayable only when Abu Media (NI)

Ltd receive revenues from the distribution of the film made. The NIFTC shall in accordance with the contract with Abu

Media (NI) Ltd be entitled to 25% of distribution revenues.

7.	CONTINGENT LIABILITIES

The loan provided by the Northern Ireland Film and Television Commission(NIFTC) is payable only when Abu Media (NI) Ltd

receives royalties from the film production which they made as detailed in Creditors Note shown above.

8.	RELATED PARTY DISCLOSURES

Abu Media Teoranta is a company registered in the South of Ireland and is related in so far as both companies share the

same directors. There was an amount of £700 transferred between the companies in this financial year..The amount due

to Abu Media Teo at the 31 December 2016 was £4,200(2015:£3,500)