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Company Registration No. 00648012 (England and Wales)
STELLMAN ENTERTAINMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017
PAGES FOR FILING WITH REGISTRAR
Taylor Associates
Chartered Accountants
STELLMAN ENTERTAINMENTS LIMITED
COMPANY INFORMATION
Directors
Mr M L Stellman
Mrs Jean Stellman
Mr Asif Hassan
(Appointed 23 May 2017)
Secretary
Mr Asif Hassan
Company number
00648012
Registered office
1st Floor
Gallery Court
28 Arcadia Avenue
London
N3 2FG
Accountants
Taylor Associates
1st Floor
Gallery Court
28 Arcadia Avenue
London
N3 2FG
STELLMAN ENTERTAINMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
STELLMAN ENTERTAINMENTS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2017
31 January 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,771
2,085
Investments
3
757,099
747,364
758,870
749,449
Current assets
Debtors
5
211,296
183,854
Cash at bank and in hand
99,990
40,786
311,286
224,640
Creditors: amounts falling due within one year
6
(38,502)
(33,656)
Net current assets
272,784
190,984
Total assets less current liabilities
1,031,654
940,433
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
1,031,554
940,333
Total equity
1,031,654
940,433

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the board of directors and authorised for issue on 31 October 2017 and are signed on its behalf by:
Mr M L Stellman
Director
Company Registration No. 00648012
STELLMAN ENTERTAINMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017
- 2 -
1
Accounting policies
Company information

Stellman Entertainments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor, Gallery Court, 28 Arcadia Avenue, London, N3 2FG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

 

1.2
Turnover

Turnover represents royalties receivable.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% on a Reducing Balance & 33.3% Straight Line
Fixtures, fittings & equipment
15% on a Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand.

STELLMAN ENTERTAINMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash at bank balances, are initially measured at transaction price.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

STELLMAN ENTERTAINMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
- 4 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2016 and 31 January 2017
22,182
Depreciation and impairment
At 1 February 2016
20,097
Depreciation charged in the year
314
At 31 January 2017
20,411
Carrying amount
At 31 January 2017
1,771
At 31 January 2016
2,085
3
Fixed asset investments
2017
2016
£
£
Investments
757,099
747,364

 

Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 February 2016
747,364
Valuation changes
9,735
At 31 January 2017
757,099
Carrying amount
At 31 January 2017
757,099
At 31 January 2016
747,364
4
Financial instruments
2017
2016
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
757,099
747,364
STELLMAN ENTERTAINMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
- 5 -
5
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
211,296
181,442
Other debtors
-
2,412
211,296
183,854
6
Creditors: amounts falling due within one year
2017
2016
£
£
Corporation tax
35,403
32,901
Other creditors
3,099
755
38,502
33,656
7
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary Shares of £1 each
100
100
100
100
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