Daddy's Girl Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05677601 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

FOR

DADDY'S GIRL LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M L Loveday

N Lloyd

SECRETARY:

N Lloyd

REGISTERED OFFICE:

Ground Floor

1-2 Craven Road

Ealing

London

W5 2UA

REGISTERED NUMBER:

05677601 (England and Wales)

ACCOUNTANTS:

Johnsons, Chartered Accountants

Ground Floor

1 - 2 Craven Road

Ealing

London

W5 2UA

FIXED ASSETS

Intangible assets

4

28,230

62,106

CURRENT ASSETS

Debtors

2,506

4,792

Cash at bank

53,174

101,411

55,680

106,203

CREDITORS

Amounts falling due within one year

54,858

51,384

NET CURRENT ASSETS

822

54,819

TOTAL ASSETS LESS CURRENT LIABILITIES

29,052

116,925

CREDITORS

Amounts falling due after more than one year

478,289

533,147

NET LIABILITIES

(449,237

)

(416,222

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

6

(449,239

)

(416,224

)

SHAREHOLDERS' FUNDS

(449,237

)

(416,222

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 March 2021 and were signed on its behalf by:

M L Loveday - Director

1.	STATUTORY INFORMATION

Daddy's Girl 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.	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.

The accounts have been prepared on a going concern basis since the directors have confirmation from The Arts Council of Wales and Carnaby International plc that they will not seek payment from the company until such time as funds become available.

Intangible fixed assets

Intangible assets comprise film rights associated with the distribution, licensing, advertising, showing, publicising and exploitation of the Master Print of the film "Daddy's Girl". Film rights have been capitalised at cost.

Amortisation is provided over the estimated useful lives of the assets which are as follows:

Film rights - 15 years on a straight line basis

Finance lease

Assets obtained under finance leases are capitalised in the balance sheet and are amortised over their estimated useful lives or the lease term, whichever is the shorter.

The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2020

and 31 January 2021

508,149

AMORTISATION

At 1 February 2020

446,043

Amortisation for year

33,876

At 31 January 2021

479,919

NET BOOK VALUE

At 31 January 2021

28,230

At 31 January 2020

62,106

5.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Finance leases

54,858

106,242

The funding from the Arts Council of Wales and production advances from Carnaby International plc are secured by Deeds of Security Assignment dated 13 April 2006 and 27 February 2007 and a first floating charge over the funds held in the production bank account.

A charge on deposit in favour of ABN Amro Bank N.V. account was created on 28 February 2007.

A charge over cash deposit in favour of Barclays Bank Plc was created on 28 February 2007 to secure the amount due to the lessor under the finance lease.

6.

RESERVES

Retained

earnings

£

At 1 February 2020

(416,224

)

Deficit for the year

(33,015

)

At 31 January 2021

(449,239

)

7.	CONTROLLING PARTY

The company is jointly controlled by Boda CYF and Mr M L Loveday who is a director of the company. N. Lloyd, who is the fellow director of the company, also holds a directorship in Boda CYF.