BRAG_PRODUCTIONS_LIMITED - Accounts

BRAG PRODUCTIONS LIMITED - Company Information

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Company Registration No. 06730216 (England and Wales)

BRAG PRODUCTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

BRAG PRODUCTIONS LIMITED

CONTENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

BRAG PRODUCTIONS LIMITED

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BRAG PRODUCTIONS LIMITED FOR THE YEAR ENDED 31 DECEMBER 2015

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The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brag Productions Limited for the year ended 31 December 2015 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Brag Productions Limited, as a body, in accordance with the terms of our engagement letter dated 17 July 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Brag Productions Limited and state those matters that we have agreed to state to the Board of Directors of Brag Productions Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brag Productions Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Brag Productions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Brag Productions Limited. You consider that Brag Productions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brag Productions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

.............................................

22 June 2016

Dales Evans and Co Limited

Date

Chartered Accountants

88-90 Baker Street

London

W1U 6TQ

BRAG PRODUCTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 2 -

2015

2014

Notes

Current assets

Cash at bank and in hand

149

Creditors: amounts falling due within one year

(88,685)

(82,635)

Total assets less current liabilities

(88,536)

(82,575)

Capital and reserves

Called up share capital

1,000

Profit and loss account

(89,536)

(83,575)

Shareholders' funds

(88,536)

(82,575)

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

Directors' 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 directors acknowledge their 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 14 June 2016

A Baxter

Director

Company Registration No. 06730216

BRAG PRODUCTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

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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 January 2015).

These accounts have been prepared on the going concern basis. This basis may not be appropriate because, as at 31 December 2015, the company's current liabilities exceeded its current assets by £88,536. If all creditors were to demand immediate repayment, the company might not be able to continue to trade. The directors believe the going concern basis to be appropriate because included within current liabilities is a balance of £87,278 due to the directors who have indicated that they will not require repayment until the company has sufficient financial resources to do so without prejudicing the interest of the other creditors of the company. The directors have also indicated that they will continue to support the company's working capital requirements.

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

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000