Accounts filed on 30-09-2018

			Company registration number:02643675
		PILOT FILM AND TELEVISION PRODUCTIONS LIMITED
			FINANCIAL STATEMENTS
			FOR THE PERIOD ENDED 30 September 2018

PILOT FILM AND TELEVISION PRODUCTIONS LIMITED
BALANCE SHEET
AS AT 30 September 2018
					2018				2017
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			750,269				759,698
							750,269				759,698
CURRENT ASSETS
Stocks					2,911				679,427
Debtors				4	70,314				558,935
Cash at bank and in hand					105,636				27,666
Financial assets					1,627,814				0
					1,806,675				1,266,028
CREDITORS
Amounts falling due within one year				5	(1,182,764)				(1,496,103)
NET CURRENT ASSETS							623,911				(230,075)
TOTAL ASSETS LESS
CURRENT LIABILITIES							1,374,180				529,623
NET ASSETS							1,374,180				529,623
CAPITAL AND RESERVES
Called-up equity share capital				6			820				820
Share Premium Account							180				180
Revaluation Reserve							437,944				437,944
Profit and loss account							935,236				90,679
SHAREHOLDERS FUNDS							1,374,180				529,623
For the period ending 30 September 2018 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 7 May 2019 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
I.R.CROSS
7 May 2019
The annexed notes form part of these financial statements.

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PILOT FILM AND TELEVISION PRODUCTIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2018
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
Balance at 1 October 2016				820	180	349,235	437,944	0	788,179
Changes in equity
Dividend				0	0	(233,653)	0	0	(233,653)
Total Comprehensive Income				0	0	(24,903)	0	0	(24,903)
Balance at 30 September 2017				820	180	90,679	437,944	0	529,623
Changes in equity
Dividend				0	0	(33,360)	0	0	(33,360)
Total comprehensive income				0	0	877,917	0	0	877,917
Balance at 30 September 2018				820	180	935,236	437,944	0	1,374,180

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PILOT FILM AND TELEVISION PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2018

1.

Accounting policies

Statutory information

Pilot Film and Television Productions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The presentation currency of the financial statements is the £ sterling.

Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A 'Small entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from the standard.

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts invoiced in respect of programmes completed, royalties receivable for the year for sale of broadcasting rights, ancillary rights and sale of videos and other merchandise. In the case of long term contracts, turnover reflects the contract activity during the year. This represents the stage payments due, subject to them not being in excess of the proportion of total contract costs incurred to date and the total expected contract costs.

Financial assets

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

Foreign Currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed Assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is calculated so as to write off the cost of an asset over th useful economic life of that asset as follows:

Fixtures and Fittings - 20 % per annum reducing balance

Stocks and Work In Progress

Stocks are stated at the lower of cost and net realisable value.

Leasing

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Long Term Contracts

The attributable profit on long term contracts is recognised once their outcome can be assessed with reasonable certainty. The profit recognised reflects the proportion of work completed to date on the project. Reasonable certainty is considered to exist only where expected income and sales to date exceed total expected costs.

Group Accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small sized group. The company has therefore taken advantage of the exemption provided by Companies Act 2006 not to prepare group accounts.

2.

Employees

The average number of persons employed by the company (including directors during the year was 12 (2017: 15).

3.	Tangible fixed assets
				Land/Buildings	Plant	F and F	Total
	Cost
	At start of period			799,975	18,500	233,421	1,051,896
	At end of period			799,975	18,500	233,421	1,051,896
	Depreciation
	At start of period			84,000	12,461	195,737	292,198
	Provided during the period			0	1,208	8,221	9,429
	At end of period			84,000	13,669	203,958	301,627
	Net Book Value
	At start of period			715,975	6,039	37,684	759,698
	At end of period			715,975	4,831	29,463	750,269
	Plant & Machinery represents Website costs.

4.	Debtors
					2018	2017
					£	£
	Due within one year
	Trade Debtors				64,889	346,157
	Amounts owed by group undertakings				0	196,737
	Other Debtors				5,037	15,388
	Prepayments and accrued income				388	653
					70,314	558,935

5.	Creditors due within one year
					2018	2017
					£	£
	Trade creditors				784,646	245,119
	Bank Loans and Overdrafts				0	173
	Corporation Tax				201,425	14,539
	Other taxes and social security costs				42,334	71,216
	Other creditors				120,859	162,517
	Accruals and deferred income				16,500	12,012
	Loan from directors				17,000	2,000
					1,182,764	1,496,103

6.	Share capital				Alloted, Issued and fully paid
					2018	2017
					£	£
	Ordinary shares of £1 each				820	820
	Total issued share capital				820	820

7.	Related Party Transactions
	Included within creditors is £307,554 (2017: £215,223) invoiced during the year from 555 Productions Inc., a company incorporated in the USA. 555 Productions Inc. is a related party by virtue of I.R.Cross holding a controlling interest in the entity.
8.	Contingent liabilties
	There were no contingent liabilities at 30 September 2018 or 2017.