Filmshaw Limited - Accounts to registrar (filleted) - small 18.2
Filmshaw Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 |
FOR |
FILMSHAW LIMITED |
FILMSHAW LIMITED (REGISTERED NUMBER: 01817448) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
FILMSHAW LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
FILMSHAW LIMITED (REGISTERED NUMBER: 01817448) |
BALANCE SHEET |
31ST MARCH 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
FILMSHAW LIMITED (REGISTERED NUMBER: 01817448) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2021 |
1. | STATUTORY INFORMATION |
Filmshaw Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
At the year end, the company balance sheet total showed net liabilities of £150,083 (2020: £159,900). These financial statements have been prepared on the going concern basis which is dependent on the following considerations by the director: |
• The directors and shareholders have agreed to provide necessary financial support to the company so that it remains a going concern entity. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Government grants |
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. |
Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. |
Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - NIL). |
FILMSHAW LIMITED (REGISTERED NUMBER: 01817448) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st April 2020 |
and 31st March 2021 |
DEPRECIATION |
At 1st April 2020 |
Charge for year |
At 31st March 2021 |
NET BOOK VALUE |
At 31st March 2021 |
At 31st March 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021 | 2020 |
£ | £ |
Other creditors |
8. | RELATED PARTY DISCLOSURES |
1. Mr R J Kantaria and Mr J Kantaria are the directors and shareholders of the company. |
Included in creditors are amounts due to the above, which are unsecured and interest-free. As at 31st March 2021, the balance payable to them were £262,041 (2020: £274,041), of which £217,500 (2020: £229,500) was payable after more than one year. |
2. Mr R Kantaria is also a director of Jadebusy Limited. |
2021 | 2020 |
Management fees charged to Jadebusy Limited | £6,000 | £5,500 |
Amount due from /(to) Jadebusy Limited at the year-end | £9,000 | £9,000 |
9. | ULTIMATE CONTROLLING PARTY |
The Directors and close family members control the company by virtue of their shareholding in the company. |