NEAPOLITAN_MUSIC_LIMITED - Accounts

NEAPOLITAN MUSIC LIMITED - Company Information

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Company Registration No. 06735135 (England and Wales)

NEAPOLITAN MUSIC LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2015

NEAPOLITAN MUSIC LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

NEAPOLITAN MUSIC LIMITED

REPORT TO THE DIRECTOR ON THE PREPARATION OF THE

UNAUDITED STATUTORY ACCOUNTS OF NEAPOLITAN MUSIC LIMITED

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Neapolitan Music Limited for the year ended 31 January 2015 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Neapolitan Music Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Neapolitan Music Limited and state those matters that we have agreed to state to the Board of Directors of Neapolitan Music Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Neapolitan Music Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Neapolitan Music Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Neapolitan Music Limited. You consider that Neapolitan Music Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Neapolitan Music Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Gerald Edelman

27 October 2015

Chartered Accountants

73 Cornhill

London

EC3V 3QQ

NEAPOLITAN MUSIC LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2015

- 2 -

2015

2014

Notes

Fixed assets

Investments

375

Current assets

Debtors

1,500

Cash at bank and in hand

155

215

1,655

1,715

Creditors: amounts falling due within one year

(80,482)

Net current liabilities

(78,827)

(78,767)

Total assets less current liabilities

(78,452)

(78,392)

Capital and reserves

Called up share capital

Profit and loss account

(78,454)

(78,394)

Shareholders' funds

(78,452)

(78,392)

For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 27 October 2015

C Romano

Director

Company Registration No. 06735135

NEAPOLITAN MUSIC LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

- 3 -

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

Investments

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

Fixed assets

Investments

Cost

At 1 February 2014 & at 31 January 2015

375

At 31 January 2014

375

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Participating interests

Love Supreme Festival Limited

England & Wales

Ordinary

37.50

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Love Supreme Festival Limited

Music promotion

286,416

(131,105)

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of of £1 each

NEAPOLITAN MUSIC LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2015

- 4 -

Ultimate parent company

The company is a wholly owned subidiary of Independent Sound Management Limited, a company incorporated in England and Wales.