RENEGADE FILMS LIMITED - Accounts to registrar (filleted) - small 18.2

RENEGADE FILMS LIMITED - Accounts to registrar (filleted) - small 18.2

RENEGADE FILMS LIMITED - Company Information

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REGISTERED NUMBER: 01458611 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

RENEGADE FILMS LIMITED
RENEGADE FILMS LIMITED (Registered number: 01458611)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RENEGADE FILMS LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTORS: R Buckler
Mrs I Buckler





REGISTERED OFFICE: Unit 3, 1st Floor North Cavendish House
369-391 Burnt Oak Broadway
Edgware
Middlesex
HA8 5AW





REGISTERED NUMBER: 01458611 (England and Wales)





ACCOUNTANTS: Reed Taylor Benedict
Unit 3, 1st Floor North
Cavendish House
369-391 Burnt Oak Broadway
Edgware
Middlesex
HA8 5AW
Page 1
RENEGADE FILMS LIMITED (Registered number: 01458611)


BALANCE SHEET
31 DECEMBER 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 866 -
Investments 5 841 841
1,707 841

CURRENT ASSETS
Debtors 6 365 513
Cash at bank 121,747 80,437
122,112 80,950
CREDITORS
Amounts falling due within one year 7 5,410 6,860
NET CURRENT ASSETS 116,702 74,090
TOTAL ASSETS LESS CURRENT
LIABILITIES
118,409
74,931

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 118,307 74,829
SHAREHOLDERS' FUNDS 118,409 74,931

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 20 July 2021 and were signed on its behalf by:



R Buckler - Director


The notes form part of these financial statements

Page 2
RENEGADE FILMS LIMITED (Registered number: 01458611)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1. STATUTORY INFORMATION

RENEGADE FILMS 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.

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.
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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.

Going concern
In March 2020 the World Health Organisation (WHO) declared Covid-19 as a worldwide pandemic. There has been no material impact on the financial position of the company as a result. In relation to this the directors have reviewed the company's performance, and have implemented a plan for the future. As a result, they believe that the preparation of the financial statements on the going concern basis is appropriate.

3. EMPLOYEES AND DIRECTORS

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

Page 3 continued...
RENEGADE FILMS LIMITED (Registered number: 01458611)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2020 1,957
Additions 1,299
At 31 December 2020 3,256
DEPRECIATION
At 1 January 2020 1,957
Charge for year 433
At 31 December 2020 2,390
NET BOOK VALUE
At 31 December 2020 866
At 31 December 2019 -

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2020
and 31 December 2020 841
NET BOOK VALUE
At 31 December 2020 841
At 31 December 2019 841

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Vat recoverable 365 513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Other creditors 4,060 4,060
Accruals and deferred income 1,350 2,800
5,410 6,860

Page 4