Accounts filed on 31-08-2015
Accounts filed on 31-08-2015
trueE O S Films.TV Ltd090367792015-08-31-82998-82898100-82898-82898-82898748387665489338404327085Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Going concern
The company is reliant on the on-going support of its directors and parent company EOS Films Ltd.
The company is expecting positive results for the next financial year and the directors, therefore, believe that it is appropriate to prepare the financial statements on the going concern basis.
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Ordinary10011000Ordinary1100100ordinary1100100100During the period the company paid consultancy fees of £24,000 to Tekdox Limited. A company in which Ms. U Streib has a material interest.
During the period the company paid consultancy fees of £22,500 to Ronachan Films Limited. A company in which Mr. A D Maqueen has a material interest.
At the Balance Sheet date the company owed Prof. R H Cassen £327,500 and Mrs. S Sun £183,512. These amounts are interest free and repayable on demand.2016-02-08Prof. R H Cassentruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureE O S Films.TV Ltd2014-05-132015-08-31E O S Films.TV Ltd2013-09-012014-05-12E O S Films.TV Ltd2013-08-31E O S Films.TV Ltd2014-05-12E O S Films.TV Ltd2014-05-12E O S Films.TV Ltd2015-08-31 2016-02-09
