Gallery Motion Pictures Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03259278 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

for

Gallery Motion Pictures Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

E Stroh

Mrs Y Stroh

REGISTERED OFFICE:

Peterden House

1A Leighton Road

West Ealing

London

W13 9EL

REGISTERED NUMBER:

03259278 (England and Wales)

ACCOUNTANTS:

Pemberton Professionals Limited

Peterden House

1a Leighton Road

West Ealing

London

W13 9EL

CURRENT ASSETS

Debtors

7,169

5,674

Cash at bank

714

168

7,883

5,842

CREDITORS

Amounts falling due within one year

840

1,679

NET CURRENT ASSETS

7,043

4,163

TOTAL ASSETS LESS CURRENT LIABILITIES

7,043

4,163

CREDITORS

Amounts falling due after more than one year

172,650

174,979

NET LIABILITIES

(165,607

)

(170,816

)

CAPITAL AND RESERVES

Called up share capital

3

99

99

Profit and loss account

(165,706

)

(170,915

)

SHAREHOLDERS' FUNDS

(165,607

)

(170,816

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 June 2015 and were signed on its behalf by:

E Stroh - Director

1.	ACCOUNTING POLICIES

Going concern

The financial statements have been prepared on a going concern basis. The directors are of the

opinion that it is appropriate to adopt the going concern basis in preparing the financial statements.

The directors have assured their continued support to the company.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

137,832

AMORTISATION

At 1 November 2013

and 31 October 2014

137,832

NET BOOK VALUE

At 31 October 2014

-

At 31 October 2013

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

100

Ordinary shares

£1

99

99

4.	ULTIMATE PARENT COMPANY

Gallery Motion Pictures Limited is a wholly owned subsidiary company of Moonstone Entertainment Inc.,

a company registered in the United States of America.

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr E Stroh.