Registered Number 03831969
CONCEPT VENUES LIMITED
Abbreviated Accounts
28 December 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors |
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|
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
|
Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 4 |
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Share premium account |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Tangible assets depreciation policy
estimated useful life.
Office Equipment 10% on cost
Valuation information and policy
Rentals paid under operating leases are charged to the profit and loss account on a straight
line basis over the period of the lease.
Financial instruments:
Financial liabilities and equity instrument are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends are distributions relating to equity instruments are debited direct to equity.
Other accounting policies
The company's liabilities exceed its assets by £5,252,231 (2013: £3,913,065). The company depends on the continuing financial support of a director who has confirmed his ongoing financial support of the company and his ability to do so for the foreseeable future. For this reason the financial statements have been prepared on a going concern basis.
£ | |
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Cost | |
At 1 January 2014 |
|
Additions |
|
Disposals |
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Revaluations |
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Transfers |
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At 28 December 2014 |
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Depreciation | |
At 1 January 2014 |
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Charge for the year |
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On disposals |
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At 28 December 2014 |
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Net book values | |
At 28 December 2014 | 32,606 |
At 31 December 2013 | 36,836 |
3
Fixed assets Investments
At 1 January 2014 £1,555,646
Disposals (£55,000)
At 31 December 2014 £1,500,646
Net Book Value
At 31 December 2014 £1,500,646
At 31 December 2013 £1,555,646