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Registered number: 01010301
DISCOVERY PRODUCTIONS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2018
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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For the year ended 31 December 2018 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies
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DISCOVERY PRODUCTIONS LIMITED
REGISTERED NUMBER:01010301
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2018
subject to the small companies regime.
The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 May 2019.
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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DISCOVERY PRODUCTIONS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
The Company's legal form is that of a limited liability company registered in England & Wales. The Company's registered office is at 5 Elstree Gate, Elstree Way, Borehamwood, WD6 1JD.
The functional and presentational currency of the company is £ Sterling.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Allotted, called up and fully paid
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33 'A' Ordinary shares of £1.00 each
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100 'B' Ordinary shares of £1.00 each
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100 'C' Ordinary shares of £1.00 each
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Page 2
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DISCOVERY PRODUCTIONS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
5.Share capital (continued)
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Rights to Dividends
'A' shares are entitled to be paid out of the profits of the company one quarter of the total amount resolved under the Articles of Association of the company to be distributed in each financial year by way of a dividend. 'B' shares are entitled to be paid out of the profits of the company three quarters of the total amount resolved under the Articles of Association of the company to be distributed in each financial year by way of dividend. 'C' shares are not entitled to any payment out of profits of the company.
Rights on Winding up
'A' shares shall in a winding up be entitled to repayment of the capital paid up thereon in priority to 'B' shares and to participate as to one quarter of the surplus capital after providing for payments in respect of capital on 'B' shares.
'B' shares shall in a winding up be entitled to a repayment of £375,000 after providing for the repayment of capital on 'A' shares and the 'C' shares and to participate as to three quarters of any surplus capital.
'C' shares shall in a winding up be repaid in priority to 'A' shares and 'B' shares but shall not entitle their holder to participate in any surplus capital of the company.
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The company is a wholly owned subsidiary of David Paradine Limited. The directors regard Paradine Holdings Limited, a company registered in England & Wales, as the ultimate parent company.
Page 3
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