MEMORY_LANE_MUSIC_LIMITED - Accounts
MEMORY_LANE_MUSIC_LIMITED - Accounts
Company Registration No. 01381252 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
- 1 -
2014
2013
Notes
£
£
£
£
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(57,229 )
(50,488 )
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 11 September 2015
Director
Company Registration No. 01381252
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
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
1.4
Tangible fixed assets and depreciation
Computer equipment
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 gains or losses are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014 & at 31 December 2014
2,867
Depreciation
At 1 January 2014 & at 31 December 2014
2,867
Net book value
At 31 December 2014
-
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
4
Ultimate parent company
The ultimate parent company is Memory Lane Music Group LLC (a company incorporated in the USA).