DBS Music Holdings Limited - Period Ending 2015-07-31

 
 
 
 
 
 
 
  DBS Music Holdings Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 31 July 2015
 
  Company Registration Number: 08288829

DBS Music Holdings Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

DBS Music Holdings Limited
Abbreviated Balance Sheet
31 July 2015

		Note			2015 £			2014 £
Fixed assets
Investments		2			799,435			800,541
Current assets
Debtors		3			454,761			378,285
Cash at bank and in hand					5,641			10,457
					460,402			388,742
Creditors: Amounts falling due within one year					(20,005)			(23,005)
Net current assets					440,397			365,737
Total assets less current liabilities					1,239,832			1,166,278
Creditors: Amounts falling due after more than one year					-			(377,392)
Net assets					1,239,832			788,886
Capital and reserves
Called up share capital		4			780,004			780,004
Profit and loss account					459,828			8,882
Shareholders' funds					1,239,832			788,886

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

DBS Music Holdings Limited
Abbreviated Balance Sheet
31 July 2015 ......... continued

For the year ending 31 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 25 April 2016 and signed on its behalf by:

Mr D W Louis-Puttick
Director

Mr N O Burt
Director

Company Registration Number: 08288829

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

DBS Music Holdings Limited
Notes to the Abbreviated Accounts
Year Ended 31 July 2015 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Fixed asset investments

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

2	Fixed assets

		Investments £			Total £
Cost
At 1 August 2014		800,541			800,541
Revaluations		(1,106)			(1,106)
At 31 July 2015		799,435			799,435
Depreciation
At 31 July 2015		-			-
Net book value
At 31 July 2015		799,435			799,435
At 31 July 2014		800,541			800,541

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Deep Blue Sound Limited	England and Wales	Ordinary shares	100.00%	Recording studio and musical education facility

Page 3

DBS Music Holdings Limited
Notes to the Abbreviated Accounts
Year Ended 31 July 2015 ......... continued

DBS Camborne Limited	England and Wales	Ordinary shares	100.00%	Recording studio and muscial education facility
DBS Bristol Limited	England and Wales	Ordinary shares	100.00%	Recording studio and music education facility
DBS Music Berlin GmbH	Germany	Gezeichnetes	100.00%	Recording studio and music education facility

The profit for the financial period of Deep Blue Sound Limited was £109,486 and the aggregate amount of capital and reserves at the end of the period was £321,347.

The profit for the financial period of DBS Camborne Limited was £166,103 and the aggregate amount of capital and reserves at the end of the period was £99,042.

The profit for the financial period of DBS Bristol Limited was £80,935 and the aggregate amount of capital and reserves at the end of the period was (£7,478).

The financial period end of DBS Music Berlin GmbH is 31 July 2014. The profit for the financial period of DBS Music Berlin GmbH was £52,479 and the aggregate amount of capital and reserves at the end of the period was £332,265.

3

Debtors

Debtors includes £415,807 (2014 - £378,281) receivable after more than one year.

 

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		780,004			780,004			780,004			780,004

Page 4