Young Films Foundation - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC552192 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2019

for

Young Films Foundation

Page

Balance Sheet

1

Chartered Accountants' Report

3

CURRENT ASSETS

28,505

10,298

PREPAYMENTS AND ACCRUED INCOME

7,514

4,475

CREDITORS

Amounts falling due within one year

(210

)

(2,140

)

NET CURRENT ASSETS

35,809

12,633

TOTAL ASSETS LESS CURRENT LIABILITIES

35,809

12,633

ACCRUALS AND DEFERRED INCOME

36,325

14,250

NET LIABILITIES

(516

)

(1,617

)

RESERVES

(516

)

(1,617

)

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Young Films Foundation is a private company, limited by guarantee , registered in Scotland. The company's

registered number and registered office address are as below:

Registered number:

SC552192

Registered office:

Fàs

Sabhal Mor Ostaig

Isle of Skye

IV44 8RQ

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2018 - 1 ) .

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

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

(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 surplus or deficit 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 29 November 2019 and were signed on its behalf by:

I Gordon - Director

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Young Films Foundation for the year ended 28 February 2019 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Young Films Foundation, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Young Films Foundation and state those matters that we have agreed to state to the Board of Directors of Young Films Foundation, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Young Films Foundation has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Young Films Foundation. You consider that Young Films Foundation is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Young Films Foundation. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Campbell Stewart MacLennan & Co

Chartered Accountants

8 Wentworth Street

Portree

Highland

IV51 9EJ

29 November 2019