Oyster Productions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06472992 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

OYSTER PRODUCTIONS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

B Klein

C Klein

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

06472992 (England and Wales)

ACCOUNTANTS:

Altman Blane & Company Limited

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

4

981

1,308

CURRENT ASSETS

Debtors

5

273,987

178,496

Cash at bank and in hand

551,658

794,299

825,645

972,795

CREDITORS

Amounts falling due within one year

6

245,559

276,127

NET CURRENT ASSETS

580,086

696,668

TOTAL ASSETS LESS CURRENT LIABILITIES

581,067

697,976

PROVISIONS FOR LIABILITIES

187

249

NET ASSETS

580,880

697,727

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

580,780

697,627

SHAREHOLDERS' FUNDS

580,880

697,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 7 August 2020 and were signed on its behalf by:

B Klein - Director

1.	STATUTORY INFORMATION

Oyster 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2019

and 31 March 2020

5,064

DEPRECIATION

At 1 April 2019

3,756

Charge for year

327

At 31 March 2020

4,083

NET BOOK VALUE

At 31 March 2020

981

At 31 March 2019

1,308

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Amounts owed by participating interests

165,240

165,240

Other debtors

108,747

13,256

273,987

178,496

Included within other debtors is £99,458 due to the company by the directors, this balance was repaid on 31st May 2020 within 2 months of the balance sheet date.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

144,000

144,000

Amounts owed to participating interests

80,530

116,330

Taxation and social security

6,804

2,435

Other creditors

14,225

13,362

245,559

276,127