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FOUR LAST SONGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 5 APRIL 2021
The directors present the Report and unaudited Financial Statements of Four Last Songs Limited ("the Company") for the year ended 5 April 2021.
The principal activity of the Company is the production and exploitation of film projects. In a previous period the Company completed a film entitled 'Four Last Songs' which is now being exploited. In the opinion of the directors there is likely to be very little activity in the Company in the foreseeable future.
The members have not required the Company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
The directors who served during the year were as follows:
These accounts have been prepared on a going concern basis. The directors believe that the Company will remain a going concern for at least twelve months from the balance sheet date. The directors believe that the going concern status is appropriate as the Company's liabilities will not be called upon for repayment until such time that the Company has sufficient cash to repay them, and their payment would not cause financial distress for the Company.
Directors' responsibilities statement
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The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to:
∙select suitable accounting policies and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent; and
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small companies exemption
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In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
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