REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 6 AUGUST 2014 TO 31 DECEMBER 2015 |
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SYMPHONY VENTURES LTD |
REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 6 AUGUST 2014 TO 31 DECEMBER 2015 |
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FOR |
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SYMPHONY VENTURES LTD |
SYMPHONY VENTURES LTD (REGISTERED NUMBER: 09164342) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 6 AUGUST 2014 TO 31 DECEMBER 2015 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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SYMPHONY VENTURES LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 6 AUGUST 2014 TO 31 DECEMBER 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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SYMPHONY VENTURES LTD (REGISTERED NUMBER: 09164342) |
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REPORT OF THE DIRECTORS |
FOR THE PERIOD 6 AUGUST 2014 TO 31 DECEMBER 2015 |
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The directors present their report with the financial statements of the company for the period 6 August 2014 to 31 December 2015. |
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INCORPORATION |
The company was incorporated on
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DIRECTORS |
The directors who have held office during the period from 6 August 2014 to the date of this report are as follows: |
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All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting. |
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This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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SYMPHONY VENTURES LTD (REGISTERED NUMBER: 09164342) |
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PROFIT AND LOSS ACCOUNT |
FOR THE PERIOD 6 AUGUST 2014 TO 31 DECEMBER 2015 |
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Notes | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING PROFIT and |
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION |
2 |
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Tax on profit on ordinary activities | 3 |
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PROFIT FOR THE FINANCIAL PERIOD |
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SYMPHONY VENTURES LTD (REGISTERED NUMBER: 09164342) |
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BALANCE SHEET |
31 DECEMBER 2015 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Share premium | 10 |
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Profit and loss account | 10 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
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preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
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SYMPHONY VENTURES LTD (REGISTERED NUMBER: 09164342) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 6 AUGUST 2014 TO 31 DECEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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2. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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£ |
Depreciation - owned assets |
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Foreign exchange differences |
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Formation costs | 151 |
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Directors' remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit on ordinary activities for the period was as follows: |
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Current tax: |
UK corporation tax |
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Tax on profit on ordinary activities |
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4. | DIVIDENDS |
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Ordinary shares of 0.1p each |
Final | 30,800 |
SYMPHONY VENTURES LTD (REGISTERED NUMBER: 09164342) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 6 AUGUST 2014 TO 31 DECEMBER 2015 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
Additions |
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At 31 December 2015 |
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DEPRECIATION |
Charge for period |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
Additions | 2,103 |
At 31 December 2015 | 2,103 |
NET BOOK VALUE |
At 31 December 2015 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Country of incorporation: Poland |
Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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£ |
Aggregate capital and reserves | 4,849 |
Profit for the period | 3,985 |
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Country of incorporation: USA |
Nature of business:
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Class of shares: | holding |
Common stock | 100.00 |
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£ |
Aggregate capital and reserves | (8,162 | ) |
Loss for the period | (8,196 | ) |
SYMPHONY VENTURES LTD (REGISTERED NUMBER: 09164342) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 6 AUGUST 2014 TO 31 DECEMBER 2015 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors | 157,034 |
Amounts owed by group undertakings |
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Work in progress | 19,000 |
Prepayments | 18,333 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Trade creditors |
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Amounts owed to group undertakings |
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Tax |
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Social security and other taxes |
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VAT |
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Other creditors |
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Directors' loan accounts |
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Accrued expenses | 9,730 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | 0.1p |
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10. | RESERVES |
Profit |
and loss | Share |
account | premium | Totals |
£ | £ | £ |
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Profit for the period |
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Dividends | ( |
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Cash share issue | - | 25,988 | 25,988 |
At 31 December 2015 |
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11. | RELATED PARTY DISCLOSURES |
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Company director |
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During the period, Mr D R Poole received dividends from the company totalling £8,800. |
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£ |
Amount due to related party at the balance sheet date |
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SYMPHONY VENTURES LTD (REGISTERED NUMBER: 09164342) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 6 AUGUST 2014 TO 31 DECEMBER 2015 |
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11. | RELATED PARTY DISCLOSURES - continued |
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Company director |
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During the period, Mr D M Brain received dividends from the company totalling £8,800. |
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£ |
Amount due to related party at the balance sheet date |
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Company director |
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During the period, Mr P Baker received dividends from the company totalling £4,400. |
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£ |
Amount due to related party at the balance sheet date |
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Company director |
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During the period, Mr I P Barkin received dividends from the company totalling £8,800. |
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£ |
Amount due to related party at the balance sheet date |
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Symphony Ventures SP Z.o.o |
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Subsidiary company |
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During the period, the company was charged consultancy fees totalling £118,622 by Symphony Ventures SP Z.o.o. |
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£ |
Amount due to related party at the balance sheet date |
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Symphony Ventures Inc. |
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Subsidiary company |
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During the period the company paid expenses on behalf of Symphony Ventures Inc. totalling £2,133. |
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£ |
Amount due from related party at the balance sheet date |
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12. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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