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Company Registration No. 01258595 (England and Wales)
ELLISCLAN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
PAGES FOR FILING WITH REGISTRAR
ELLISCLAN LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
Notes to the financial statements
2 - 4
ELLISCLAN LTD
BALANCE SHEET
AS AT
31 MARCH 2018
31 March 2018
- 1 -
2018
2017
Notes
£
£
£
£
Current assets
Debtors
4
7,292
10,246
Cash at bank and in hand
72,190
93,665
79,482
103,911
Creditors: amounts falling due within one year
5
(26,191)
(22,247)
Net current assets
53,291
81,664
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
52,291
80,664
Total equity
53,291
81,664

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

For the financial year ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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 and signed by the director and authorised for issue on 15 December 2018
Mr G  Parker
Director
Company Registration No. 01258595
ELLISCLAN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
- 2 -
1
Accounting policies
Company information

Ellisclan Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 180 Great Portland Street, London, W1W 5QZ.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable in respect of musician and composer promotion net of Value Added Tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost , net of depreciation.

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:

Fixtures, fittings & equipment
50% on cost

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
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks.

1.5
Financial instruments

The company only has basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

ELLISCLAN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2018
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2017 - 1).

3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2017 and 31 March 2018
1,726
Depreciation
At 1 April 2017 and 31 March 2018
1,726
Carrying amount
At 31 March 2018
-
At 31 March 2017
-
4
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
6,992
10,246
Other debtors
300
-
7,292
10,246
ELLISCLAN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2018
- 4 -
5
Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
600
697
Taxation and social security
147
3,930
Other creditors
25,444
17,620
26,191
22,247
2018-03-312017-04-01falseCCH SoftwareCCH Accounts Production 2018.300No description of principal activity18 December 2018Mr G Parker012585952017-04-012018-03-31012585952018-03-31012585952017-03-3101258595core:CurrentFinancialInstruments2018-03-3101258595core:CurrentFinancialInstruments2017-03-3101258595core:ShareCapital2018-03-3101258595core:ShareCapital2017-03-3101258595core:RetainedEarningsAccumulatedLosses2018-03-3101258595core:RetainedEarningsAccumulatedLosses2017-03-3101258595bus:Director12017-04-012018-03-3101258595core:FurnitureFittings2017-04-012018-03-3101258595core:OtherPropertyPlantEquipment2017-03-3101258595bus:PrivateLimitedCompanyLtd2017-04-012018-03-3101258595bus:FRS1022017-04-012018-03-3101258595bus:AuditExemptWithAccountantsReport2017-04-012018-03-3101258595bus:SmallCompaniesRegimeForAccounts2017-04-012018-03-3101258595bus:FullAccounts2017-04-012018-03-31xbrli:purexbrli:sharesiso4217:GBP