ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

WORKING TITLE THEATRE PRODUCTIONS LIMITED - Company Information

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2015-01-01 false true 2015-12-312015-12-312015-12-31trueEach of the persons who are directors at the time when this directors' report is approved has confirmed that: so far as that director is aware, there is no relevant audit information of which the company's auditors are unaware, and that director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information. 04436031 2015-01-01 2015-12-31 04436031 2014-01-01 2014-12-31 04436031 2015-12-31 04436031 2014-12-31 04436031 d:CompanySecretary 2015-01-01 2015-12-31 04436031 d:OrdinaryShareClass1 2015-12-31 04436031 d:OrdinaryShareClass1 2014-12-31 04436031 d:OrdinaryShareClass1 2015-01-01 2015-12-31 04436031 d:Director1 2015-01-01 2015-12-31 04436031 d:Director2 2015-01-01 2015-12-31 04436031 d:EntityAccountantsOrAuditors 2015-12-31 04436031 d:RegisteredOffice 2015-01-01 2015-12-31 04436031 c:Subsidiary1 2015-01-01 2015-12-31 04436031 c:Subsidiary2 2015-01-01 2015-12-31 04436031 c:Subsidiary1 2015-12-31 04436031 c:Subsidiary2 2015-12-31 04436031 d:EntityAccountantsOrAuditors 2015-01-01 2015-12-31 04436031 c:InvestmentInSubsidiaries c:SharesFixedAssetInvestments 2015-12-31 04436031 c:InvestmentInSubsidiaries c:SharesFixedAssetInvestments 2014-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04436031









WORKING TITLE THEATRE PRODUCTIONS LIMITED









DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015
 
WORKING TITLE THEATRE PRODUCTIONS LIMITED
 
 
COMPANY INFORMATION


Directors
T J Bevan 
E N Fellner 




Company secretary
A Mansfield



Registered number
04436031



Registered office
1 Central St. Giles
St. Giles High Street

London

WC2H 8NU




Independent auditors
Nyman Libson Paul
Chartered Accountants & Statutory Auditors

Regina House

124 Finchley Road

London

NW3 5JS




 
WORKING TITLE THEATRE PRODUCTIONS LIMITED
 

CONTENTS


Page

 
 
Strategic report
 
 
1
Directors' report
 
 
2 - 3
Independent auditors' report
 
 
4 - 5
Profit and loss account
 
 
6
Balance sheet
 
 
7
Notes to the financial statements
 
 
8 - 10
 
WORKING TITLE THEATRE PRODUCTIONS LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015

Introduction

Working Title Theatre Productions Limited is a company designed to produce the creativity of future theatrical productions through workshops prior to the approval of any given project.



This report was approved by the board on 22 August 2016 and signed on its behalf.





T J Bevan
Director

Page 1
 
WORKING TITLE THEATRE PRODUCTIONS LIMITED
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015

 
The directors present their report and the audited financial statements for the year ended 31 December 2015.
 
 
Principal activities
 
 
The principal activity of the company during the period was that of the production of theatrical and musical entertainment.
 
 
Directors
 
 
The directors who served during the year were:
 
 
T J Bevan 
E N Fellner 
 
Directors' responsibilities statement
 
 
The directors are responsible for preparing the strategic report, the directors' report and the financial statements in accordance with applicable law and regulations.
 
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

·select suitable accounting policies and then apply them consistently;

·make judgments and accounting estimates that are reasonable and prudent;

·state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

·prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
 
 
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
 
 
Disclosure of information to auditors
 
 
Each of the persons who are directors at the time when this directors' report is approved has confirmed that:

·so far as that director is aware, there is no relevant audit information of which the company's auditors are unaware, and

·that director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.
 
 
Page 2
 
WORKING TITLE THEATRE PRODUCTIONS LIMITED
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015

Auditors
 
 
The auditors, Nyman Libson Paul, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
 
 
This report was approved by the board on 22 August 2016 and signed on its behalf.
 
 



T J Bevan
Director
Page 3
 
WORKING TITLE THEATRE PRODUCTIONS LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF WORKING TITLE THEATRE PRODUCTIONS LIMITED

We have audited the financial statements of Working Title Theatre Productions Limited for the year ended 31 December 2015, set out on pages 6 to 10. The financial reporting framework that has been applied in their preparation is applicable law and the Financial Reporting Standard for Smaller Entities (effective January 2015) (United Kingdom Generally Accepted Accounting Practice). 
 
 
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
 
 
Respective responsibilities of directors and auditors
 
 
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.
 
 
Scope of the audit of the financial statements
 
 
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the financial statements.  In addition, we read all the financial and non-financial information in the strategic report and the directors' report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.
 
 
Opinion on financial statements
 
 
In our opinion the financial statements:
  
·give a true and fair view of the state of the company's affairs as at 31 December 2015 and of its results for the year then ended;
  
·have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
   
·have been prepared in accordance with the requirements of the Companies Act 2006.
 
  
 
Opinion on other matter prescribed by the Companies Act 2006
  
 
In our opinion the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements.
 
 
Page 4
 
WORKING TITLE THEATRE PRODUCTIONS LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF WORKING TITLE THEATRE PRODUCTIONS LIMITED

Matters on which we are required to report by exception
  
 
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
 
·adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  
·the financial statements are not in agreement with the accounting records and returns; or
  
·certain disclosures of directors' remuneration specified by law are not made; or
   
·we have not received all the information and explanations we require for our audit.
 
 



Anthony Pins (senior statutory auditor)
  
for and on behalf of
Nyman Libson Paul
 
Chartered Accountants
Statutory Auditors
  
Regina House
124 Finchley Road
London
NW3 5JS

22 August 2016
Page 5
 
WORKING TITLE THEATRE PRODUCTIONS LIMITED
 
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2015

        2015
        2014
Note

        £

        £


 
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

-
-
 
Tax on profit on ordinary activities
-
-

 
PROFIT FOR THE FINANCIAL YEAR
 
 
 -
 -




All amounts relate to continuing operations.

There were no recognised gains and losses for 2015 or 2014 other than those included in the profit and loss account.

The notes on pages 8 to 10 form part of these financial statements.

Page 6
 
WORKING TITLE THEATRE PRODUCTIONS LIMITED
REGISTERED NUMBER: 04436031

BALANCE SHEET
AS AT 31 DECEMBER 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Investments
 
3
3

3
 
CURRENT ASSETS





 
Stocks
4
641,479
630,130

 
Debtors
5
144,959
148,076

 
Cash at bank and in hand

98,365
101,477







 
884,803
879,683
 
CREDITORS: amounts falling due within one year
6
(884,805)
(879,685)
 
NET CURRENT LIABILITIES


(2)

(2)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
 1

 1
  
CAPITAL AND RESERVES

 
Called up share capital
7
1
1
 
SHAREHOLDERS' FUNDS
 
8

 1

 1


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2016.




T J Bevan
Director

The notes on pages 8 to 10 form part of these financial statements.

Page 7
 
WORKING TITLE THEATRE PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards.

The company is itself a subsidiary company and is exempt from the requirement to prepare group accounts by virtue of section 400 of the Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group.

1.2
Investments

Investments in subsidiary undertakings are stated at cost less any provision for permanent diminution in value.

1.3
Stocks

Production costs for projects on-going at the balance sheet date are carried forward to the extent that are deemed to be recoverable against future income from the production.


2.STAFF COSTS

The company has no employees other than the directors, who did not receive any remuneration (2014 - £NIL).
 

3.FIXED ASSET INVESTMENTS


Investments in subsidiary companies


£


Cost or valuation



At 1 January 2015 and 31 December 2015

3




Net book value


At 31 December 2015
 3


At 31 December 2014

 3

Subsidiary undertakings

The following were subsidiary undertakings of the company:

Name
Class of shares
Holding



Billy London Limited
Ordinary
100%
B E Musical Limited
Ordinary
100%

Page 8
 
WORKING TITLE THEATRE PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015

3.FIXED ASSET INVESTMENTS (continued)

The aggregate of the share capital and reserves as at 31 December 2015 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(loss)

        £
        £



Billy London Limited
1
-
B E Musical Limited
2
-


4.STOCKS

        2015
        2014
        £

        £

Production costs
 641,479
 630,130
 
 
5.DEBTORS
 
        2015
        2014
        £
        £
Due after more than one year



Amounts owed by group undertakings
1
1



Due within one year





Other debtors
144,958
148,075



 144,959
 148,076
 

6.CREDITORS:
Amounts falling due within one year

        2015
        2014
        £

        £

Trade creditors
5,319
199
Amounts owed to group undertakings
875,486
875,486
Accruals and deferred income
4,000
4,000


 884,805
 879,685

 
Page 9
 
WORKING TITLE THEATRE PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015

7.SHARE CAPITAL
        2015
        2014
        £

        £

Allotted, called up and fully paid



1 Ordinary share of £1
 1
 1


8.RECONCILIATION OF MOVEMENT IN SHAREHOLDERS' FUNDS

        2015
        2014

        £

        £


Shareholders' funds at 1 January 2015 and 31 December 2015

 1
 1



 

9.RELATED PARTY TRANSACTIONS


The company has taken advantage of the exemption in FRS 8 "Related Party Disclosures" from disclosing transactions with other members of the group.



10.ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The company's immediate parent undertaking is Working Title Films Limited, a company registered in England and Wales.
The smallest group in which the results of the Company will be consolidated is that headed by NBC Universal Media LLC, a company incorporated in the United States of America. The largest group in which the results of the Company are consolidated is that headed by its ultimate parent undertaking, Comcast Corporation, a company incorporated in the United States of America. The consolidated financial statements of these companies are available to the public and may be obtained from Rockefeller Plaza, New York, New York 10112 and One Comcast Center, 1701 John F Kennedy Boulevard, 47th Floor, Philadelphia, Pennsylvania 19103, USA or at www.comcast.com respectively.

Page 10