THIN_LIZZY_LIMITED - Accounts

THIN LIZZY LIMITED - Company Information

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Company Registration No. 01098475 (England and Wales)

THIN LIZZY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2014

THIN LIZZY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2014

- 1 -

2014

2013

Notes

Fixed assets

Investments

Current assets

Debtors

78,961

62,959

Cash at bank and in hand

234,015

243,388

312,976

306,347

Creditors: amounts falling due within one year

(295,707)

(289,078)

Net current assets

17,269

Total assets less current liabilities

17,271

Capital and reserves

Called up share capital

100

Profit and loss account

17,171

Shareholders' funds

17,271

For the financial year ended 31 August 2014 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 20 February 2015

Ms Caroline Taraskevics

Director

Company Registration No. 01098475

THIN LIZZY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Turnover

Turnover consists of artist royalties and non-returnable royalty advances. Royalty income is recognised on the contractual due date or, where this is unspecified, the date of receipt of cash.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 1 September 2013 & at 31 August 2014

At 31 August 2013

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100