Opengate Pictures Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09451888

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

FOR

OPENGATE PICTURES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D J Holland

SECRETARY:

REGISTERED OFFICE:

The Old Courthouse

26a Church Street

Bishop's Stortford

Hertfordshire

CM23 2LY

REGISTERED NUMBER:

09451888

ACCOUNTANTS:

Paul Dawson & Co Limited

The Old Courthouse

26A Church Street

Bishops Stortford

Hertfordshire

CM23 2LY

FIXED ASSETS

Tangible assets

4

5,589

7,452

CURRENT ASSETS

Debtors

5

39,184

13,832

Cash at bank

12,993

19,312

52,177

33,144

CREDITORS

Amounts falling due within one year

6

55,675

38,707

NET CURRENT LIABILITIES

(3,498

)

(5,563

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,091

1,889

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,891

1,689

SHAREHOLDERS' FUNDS

2,091

1,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 30 April 2019 and were signed by:

D J Holland - Director

1.	STATUTORY INFORMATION

Opengate Pictures Limited is a private company, limited by shares , registered in Not specified/Other. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation has been provided at the following annual rates in order to write off each asset over its estimated

useful life.

Equipment - 25% on the reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

and 31 July 2018

10,178

DEPRECIATION

At 1 August 2017

2,726

Charge for year

1,863

At 31 July 2018

4,589

NET BOOK VALUE

At 31 July 2018

5,589

At 31 July 2017

7,452

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

31,587

13,832

Other debtors

7,597

-

39,184

13,832

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

7,629

1,553

Taxation and social security

48,046

27,438

Other creditors

-

9,716

55,675

38,707