ODEY_PRODUCTIONS_LIMITED - Accounts

ODEY PRODUCTIONS LIMITED - Company Information

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Company Registration No. 05758285 (England and Wales)

ODEY PRODUCTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2015

ODEY PRODUCTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ODEY PRODUCTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

7,505

8,379

Current assets

Debtors

2,202

9,696

Cash at bank and in hand

23,275

25,477

9,696

Creditors: amounts falling due within one year

(20,318)

(15,860)

Net current assets/(liabilities)

5,159

(6,164)

Total assets less current liabilities

12,664

2,215

Provisions for liabilities

(1,313)

(1,446)

11,351

769

Capital and reserves

Called up share capital

100

Profit and loss account

11,251

669

Shareholders' funds

11,351

769

For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 February 2016

Mr L Friedmann

Director

Company Registration No. 05758285

ODEY PRODUCTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment

15% reducing balance basis

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 June 2014

16,860

Additions

450

At 31 May 2015

17,310

Depreciation

At 1 June 2014

8,481

Charge for the year

1,324

At 31 May 2015

9,805

Net book value

At 31 May 2015

7,505

At 31 May 2014

8,379

ODEY PRODUCTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

L Friedmann - Current account

8,145

8,594

(449)

8,145

8,594

(449)

Other transactions

At the year end the director was owed £449 by way of his loan account. The director received a consideration of £520 for the use of his home as the company's office (2014 - £520).