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

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

MANCANA PRODUCTIONS LIMITED - Company Information

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REGISTERED NUMBER: 09436731 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2020

for

MANCANA PRODUCTIONS LIMITED
MANCANA PRODUCTIONS LIMITED (REGISTERED NUMBER: 09436731)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MANCANA PRODUCTIONS LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2020







DIRECTOR: J E T Reeve





SECRETARY: L K Macara





REGISTERED OFFICE: 3rd Floor
14 Floral Street
London
WC2E 9DH





REGISTERED NUMBER: 09436731 (England and Wales)





ACCOUNTANTS: Shipleys LLP
Chartered Accountants
5 Godalming Business Centre
Woolsack Way
Godalming
Surrey
GU7 1XW
Page 1
MANCANA PRODUCTIONS LIMITED (REGISTERED NUMBER: 09436731)

Balance Sheet
30 SEPTEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 2

CURRENT ASSETS
Stocks 39,432 129,194
Debtors 5 4,288,171 87,663
Cash at bank 441,907 4,432,752
4,769,510 4,649,609
CREDITORS
Amounts falling due within one year 6 3,111 3,290
NET CURRENT ASSETS 4,766,399 4,646,319
TOTAL ASSETS LESS CURRENT LIABILITIES 4,766,399 4,646,321

CAPITAL AND RESERVES
Called up share capital 7 496,087 496,087
Share premium 4,468,115 4,468,115
Retained earnings (197,803 ) (317,881 )
SHAREHOLDERS' FUNDS 4,766,399 4,646,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 May 2021 and were signed by:





J E T Reeve - Director


The notes form part of these financial statements

Page 2
MANCANA PRODUCTIONS LIMITED (REGISTERED NUMBER: 09436731)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2020


1. STATUTORY INFORMATION

Mancana 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.

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 are prepared in Sterling, which is the functional and presentational currency of the entity.

Turnover
Turnover comprises the company's revenue in respect of production and exploitation of television programmes or films during the period exclusive of Value Added Tax. Fees are recognised once the right to the income has been earned.

Turnover also includes interest earned on loan finance provided during the period. Turnover is recognised in the period in which the interest and fees fall due in accordance with the loan agreement.

Stocks
Stock is stated at the lower of cost and net realisable value. Cost comprises expenditure in respect of the development and production of television programmes or films. Net realisable value is the expected selling price or other cumulative income stream that is prudently anticipated from a programme after taking account of costs of completion and bringing it to market.

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.

Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated
impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 1 ).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2019 2
Disposals (2 )
At 30 September 2020 -
NET BOOK VALUE
At 30 September 2020 -
At 30 September 2019 2

Page 3 continued...
MANCANA PRODUCTIONS LIMITED (REGISTERED NUMBER: 09436731)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors - 623
Other debtors 4,288,171 87,040
4,288,171 87,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 2,111 1,198
Other creditors 1,000 2,092
3,111 3,290

7. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
4,960,862 A Ordinary Shares £0.10 496,086 496,086
10 B Ordinary Shares £0.10 1 1
496,087 496,087

Details of the various share rights attached to each type of share capital is included in the Articles of Association.

8. OTHER FINANCIAL COMMITMENTS

As at the reporting date, the company had no financial or other commitments or contracts for capital expenditure in place (2019: £nil).

9. RELATED PARTY DISCLOSURES

No transactions were undertaken with related parties as such that are required to be disclosed under FRS
102.

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