Whitehall Films Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02065630 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2019

for

WHITEHALL FILMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Whitehall

Mrs H Whitehall

SECRETARY:

Mrs H Whitehall

REGISTERED OFFICE:

6 Embankment

Putney

London

SW15 1LB

REGISTERED NUMBER:

02065630 (England and Wales)

ACCOUNTANTS:

Thorne Lancaster Parker

Chartered Accountants

4th Floor

Venture House

27-29 Glasshouse Street

London

W1B 5DF

BANKERS:

Coutts & Co

440 Strand

London

WC2R 0QS

FIXED ASSETS

Property, plant and equipment

5

70,869

40,586

CURRENT ASSETS

Debtors

6

466,667

1,473,546

Investments

7

20,000

20,000

Cash at bank

452,067

120,652

938,734

1,614,198

CREDITORS

Amounts falling due within one year

8

402,648

1,411,090

NET CURRENT ASSETS

536,086

203,108

TOTAL ASSETS LESS CURRENT LIABILITIES

606,955

243,694

PROVISIONS FOR LIABILITIES

10

13,000

7,068

NET ASSETS

593,955

236,626

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

593,953

236,624

SHAREHOLDERS' FUNDS

593,955

236,626

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Comprehensive Income has not been delivered.

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

Mr M J Whitehall - Director

1.	STATUTORY INFORMATION

Whitehall Films 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the total amount receivable, net of value added tax, for services provided in the ordinary

course of business during the period.

Property, plant and equipment

Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated

impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as

intended.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less

estimated residual value, of each asset on a systematic basis over its expected useful life as follows:-

Fixtures and fittings - 15% on reducing balance

Motor vehicles - 25% on reducing balance

Office equipment - 25% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in

circumstances indicate the carrying value may not be recoverable.

Financial instruments

Basic financial assets

Trade debtors and cash and bank balances are initially recognised at transaction price and subsequently carried at

amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective

evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount

and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The

impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised

the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the

carrying amount would have been had the impairment not previously been recognised. The impairment reversal

is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or

are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another

party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing

additional restrictions.

Basic financial liabilities

Trade creditors, accruals and directors' current accounts are initially recognised at transaction price and

subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2018

132,558

2,500

45,175

180,233

Additions

38,921

-

4,495

43,416

At 31 October 2019

171,479

2,500

49,670

223,649

DEPRECIATION

At 1 November 2018

99,194

1,094

39,359

139,647

Charge for year

10,086

469

2,578

13,133

At 31 October 2019

109,280

1,563

41,937

152,780

NET BOOK VALUE

At 31 October 2019

62,199

937

7,733

70,869

At 31 October 2018

33,364

1,406

5,816

40,586

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

143,459

619,821

Other debtors

320,208

850,725

Prepayments and accrued income

3,000

3,000

466,667

1,473,546

7.	CURRENT ASSET INVESTMENTS

2019

2018

£

£

Other investment

20,000

20,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

48,676

1,242,105

Corporation tax

101,111

56,647

Social security & other taxes

76,485

42,775

Other creditors

84,562

29,457

Directors' current accounts

82,164

34,156

Accruals

9,650

5,950

402,648

1,411,090

9.	FINANCIAL INSTRUMENTS

The company has the following financial instruments:-

2019

2018

£

£

Financial assets that are debt instruments measured

at amortised cost:-

- Trade debtors

143,459

619,821

- Other debtors

320,208

850,725

- Prepayment and accrued income

3,000

3,000

466,667

1,473,546

- Other investment

20,000

20,000

2019

2018

£

£

Financial liabilities measured at amortised cost:-

- Trade creditors

48,676

1,242,105

- Corporation tax

101,111

56,647

- Social security & other taxes

76,485

42,775

- Other creditors

84,562

29,457

- Directors' current account

82,164

34,156

- Accruals

9,650

5,950

402,648

1,411,090

10.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

13,000

7,068

Deferred

tax

£

Balance at 1 November 2018

7,068

Charge for the year

5,932

Balance at 31 October 2019

13,000

The provision for deferred taxation is made up of accelerated capital allowances.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

2

Ordinary

1

2

2

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loan from director

At the balance sheet date, the company owed £82,164 (2018: £34,156) to Mr M J Whitehall. The loan is

unsecured, interest-free and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

Mr M Whitehall, a director, together with members of his close family, control the company by virtue of

controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.