South Shore Productions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11557872 (England and Wales)

Unaudited Financial Statements

for the Period 7 September 2018 to 31 December 2019

for

South Shore Productions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Hughes

M G Leach

A Mackenzie-Betty

J C Bellamy

J E Smith

REGISTERED OFFICE:

210 High Holborn

London

WC1V 7HD

REGISTERED NUMBER:

11557872 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Tangible assets

4

19,385

CURRENT ASSETS

Stocks

5

60,427

Debtors

6

93,876

Cash at bank and in hand

837,410

991,713

CREDITORS

Amounts falling due within one year

7

143,783

NET CURRENT ASSETS

847,930

TOTAL ASSETS LESS CURRENT LIABILITIES

867,315

CAPITAL AND RESERVES

Called up share capital

4

Share premium

1,249,999

Retained earnings

(382,688

)

867,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2020 and were signed on its behalf by:

A Hughes - Director

1.	STATUTORY INFORMATION

South Shore 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 Pound Sterling (£).

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.

Turnover is recognised in the period that a programme delivers. Where losses in respect of

long term projects are expected and can be reliably measured they are provided for within

the profit and loss account.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Work in progress

Work in progress is valued at the lower of cost and net realisable value, and generally

represents pre-production costs incurred on productions and is considered fully recoverable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

Additions

380

2,080

17,929

20,389

At 31 December 2019

380

2,080

17,929

20,389

DEPRECIATION

Charge for period

21

82

901

1,004

At 31 December 2019

21

82

901

1,004

NET BOOK VALUE

At 31 December 2019

359

1,998

17,028

19,385

5.

STOCKS

£

Work-in-progress

60,427

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

38,400

VAT

23,012

Prepayments and accrued income

32,464

93,876

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

19,937

Social security and other taxes

60,748

Directors' loan accounts

29,997

Accruals and deferred income

33,101

143,783