Centre Film Sales Limited - Limited company - abbreviated

REGISTERED NUMBER: 02431819 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Centre Film Sales Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K L Walwin

SECRETARY:

Durrants Nominees Limited

REGISTERED OFFICE:

11 Amwell Street

London

EC1R 1UL

REGISTERED NUMBER:

02431819 (England and Wales)

ACCOUNTANTS:

Douglas Wadkin

11 Amwell Street

London

EC1R 1UL

FIXED ASSETS

Tangible assets

2

1

CURRENT ASSETS

Debtors

1,287,946

Cash at bank

3

1,287,949

CREDITORS

Amounts falling due within one year

1,284,311

NET CURRENT ASSETS

3,638

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,639

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

3,637

SHAREHOLDERS' FUNDS

3,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 4 March 2016 and were signed by:

K L Walwin - Director

1.	ACCOUNTING POLICIES

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).

The company was dormant throughout the year ended 30 June 2015. However, reference to information relating

to the year ended 30 June 2014 has been made where appropriate.

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

-

20% on cost

Deferred tax

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

sheet date.

Going concern

The company is reliant for current and future funding on the shareholders and related undertakings who may not

be in a position to provide future funds. The financial statements have been prepared on a going concern basis.

However, should funds not be available the going concern basis would be invalid and further adjustments may

have to be made accordingly.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

475

DEPRECIATION

At 1 July 2014

and 30 June 2015

474

NET BOOK VALUE

At 30 June 2015

1

At 30 June 2014

1

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

2

Ordinary

£1

2

4.	ASSOCIATED TRANSACTION

In April 2004 the company was a party to a proposal to fund a film. The funding was to be procured by a limited

liability partnership called Icebreaker 1 LLP. There was a shortfall in this funding but Icebreaker insisted

production went ahead. Other parties have tried to assist the financing but the situation is unclear.

It may be that the transaction has to be unwound; legal advice is being taken. The directors do not believe this

company's position would be affected by the outcome of the legal advice.

There are monetary deposits held by a third party, subject to legal advice, included in debtors and an associated

liability included in creditors.

Centre Film Sales Limited - Limited company - abbreviated - 11.9

Centre Film Sales Limited - Limited company - abbreviated - 11.9