OSTARA PRODUCTIONS LIMITED 31/03/2019 iXBRL
OSTARA PRODUCTIONS LIMITED 31/03/2019 iXBRL
Statement of consent to prepare abridged financial statements
Company registration number:
08447257
Unaudited filleted abridged financial statements
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Company number |
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Registered office |
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Business address |
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Accountants |
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Unit 2 Beverley Court | ||
26 Elmtree Road | ||
Teddington | ||
TW11 8ST | ||
Report to the director on the preparation of the
unaudited statutory financial statements of OSTARA PRODUCTIONS LIMITED
Year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OSTARA PRODUCTIONS LIMITED for the year ended 31 March 2019 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf.
Chartered Certified Accountants
Unit 2 Beverley Court
26 Elmtree Road
Teddington
TW11 8ST
31 October 2019
Abridged statement of financial position
31 March 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
31 October 2019
, and are signed on behalf of the board by:
Director
Company registration number:
08447257
Notes to the financial statements
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in UK. The address of the registered office is Unit 2 Beverley Court, 26 Elmtree Road, Teddington, Middlesex, TW11 8ST.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2018:
1
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5.
Tangible assets
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Cost | ||
At 1 April 2018 and 31 March 2019 |
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Depreciation | ||
At 1 April 2018 |
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Charge for the year |
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At 31 March 2019 |
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Carrying amount | ||
At 31 March 2019 |
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At 31 March 2018 |
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6.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | ||||
2019 | ||||
Balance brought forward | Advances /(credits) to the director | Balance o/standing | ||
£ | £ | £ | ||
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2018 | ||||
Balance brought forward | Advances /(credits) to the director | Balance o/standing | ||
£ | £ | £ | ||
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_______ | _______ | _______ | ||