Wandering Star Pictures Limited - Limited company - abbreviated - 11.6

Wandering Star Pictures Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 05155474 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Wandering Star Pictures Limited

Wandering Star Pictures Limited (Registered number: 05155474)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Wandering Star Pictures Limited

Company Information
for the Year Ended 31 March 2015







DIRECTORS: Mr P Berrow
Mr M Berrow





SECRETARY: Ms S H Paddon





REGISTERED OFFICE: 2 Higher Barn
Higher Woodsford
DORCHESTER
Dorset
DT2 8BT





REGISTERED NUMBER: 05155474 (England and Wales)





ACCOUNTANTS: S&T Accountants Ltd
2 Higher Barn
Higher Woodsford
DORCHESTER
Dorset
DT2 8BT

Wandering Star Pictures Limited (Registered number: 05155474)

Abbreviated Balance Sheet
31 March 2015

31.3.15 31.3.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 - 1,017
Investments 3 3,070 3,070
3,070 4,087

CURRENT ASSETS
Debtors 1,622,536 1,609,384
Cash at bank 31,419 156,893
1,653,955 1,766,277
CREDITORS
Amounts falling due within one year 3,751,585 3,548,521
NET CURRENT LIABILITIES (2,097,630 ) (1,782,244 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,094,560
)
(1,778,157
)

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (2,094,660 ) (1,778,257 )
SHAREHOLDERS' FUNDS (2,094,560 ) (1,778,157 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 20 August 2015 and were signed on its behalf by:





Mr M Berrow - Director


Wandering Star Pictures Limited (Registered number: 05155474)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The Company enjoys the support of its Directors who are its creditors totalling £657,234 at the balance sheet
date. The inter company loan accounts at the balance sheet date total £50,378

Since the Company's Incorporation Intellectual Assets have been purchased totalling £179,147. Section 68 of
the Capital Allowances Act 1990 deems all the capital expenditure on the intellectual assets as being revenue and
therefore the intellectual assets are not shown on the balance sheet but are written off on the profit and loss
account.

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 goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 2,410
Disposals (2,410 )
At 31 March 2015 -
DEPRECIATION
At 1 April 2014 1,393
Eliminated on disposal (1,393 )
At 31 March 2015 -
NET BOOK VALUE
At 31 March 2015 -
At 31 March 2014 1,017

Wandering Star Pictures Limited (Registered number: 05155474)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2014
and 31 March 2015 3,070
NET BOOK VALUE
At 31 March 2015 3,070
At 31 March 2014 3,070

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Epic Tales Ltd
Nature of business: film & multi media company
%
Class of shares: holding
Ordinary £1.00 100.00
31.3.15 31.3.14
£    £   
Aggregate capital and reserves (1,741 ) (1,597 )
(Loss)/profit for the year (144 ) 65,196

Wandering Star Books Ltd
Nature of business: book publication & sales
%
Class of shares: holding
Ordinary 100.00
31.3.15 31.3.14
£    £   
Aggregate capital and reserves 10,963 12,266
Loss for the year (1,303 ) (1,410 )

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.15 31.3.14
value: £    £   
1 Ordinary £1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

All transactions with the Directors are entered through the Directors Loan Accounts.

Wandering Star Pictures Limited (Registered number: 05155474)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

6. RELATED PARTY DISCLOSURES

Wandering Star Limited, Epic Tales Limited, Log Networks Ltd, Wandering Star Publishing Ltd and Wandering
Star Media Limited are all Inter-Companies and have loans as shown on the balance sheet.

Paul Berrow has a Charge and Deed of Assignment dated 17 May 2006 created by Wandering Star Pictures
Limited for securing $300,000.

Allensen Limited has a Guarantee in the form of a Convertible Term Loan Facility dated 15 December 2008 for
£1,000,000.