Abbreviated Company Accounts - TALLTREE PICTURES LIMITED

TALLTREE PICTURES LIMITED - Company Information

Registered Number 07046808

TALLTREE PICTURES LIMITED

Abbreviated Accounts

28 February 2016

TALLTREE PICTURES LIMITED Registered Number 07046808

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	1,540	1,540
Investments	3	997,506	997,506
		999,046	999,046
Current assets
Debtors		1,675	3,891
Cash at bank and in hand		-	45
		1,675	3,936
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(90,917)	(77,333)
Net current assets (liabilities)		(89,242)	(73,397)
Total assets less current liabilities		909,804	925,649
Creditors: amounts falling due after more than one year		(753,406)	(753,406)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		156,398	172,243
Capital and reserves
Called up share capital		122	122
Share premium account		69,974	69,974
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		86,302	102,147
Shareholders' funds		156,398	172,243

For the year ending 28 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 November 2016

And signed on their behalf by:
Mr V Woods, Director

TALLTREE PICTURES LIMITED Registered Number 07046808

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Other accounting policies
Going Concern
T he directors consider it appropriate to prepare the financial statements on the going concern basis.

2Intangible fixed assets

	£
Cost
At 1 March 2015	1,540
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 28 February 2016	1,540
Amortisation
At 1 March 2015	0
Charge for the year	0
On disposals	0
At 28 February 2016	0
Net book values
At 28 February 2016	1,540
At 28 February 2015	1,540

3Fixed assets Investments
Unlisted Investments
£375,000 invested in FDC Distribution Limited, to finance the co-production of a feature film. This
investment shall be entitled to a preferential return of 25% of the invested amount and 17.5% of the net
proceeds from the distribution of the film, in addition to a return of the initial investment, but this is all
dependent upon the revenues generated by the film
Investment in Group Undertaking
£622,406 invested in Harrigan Limited to finance the production of a feature film. This investment shall be
entitled to a preferential return of 19.29% of the invested amount and 52.5% of the net proceeds from the
distribution of the film, in addition to a return of the initial investment, but this is all dependent upon the
revenues generated by the film. Talltree Pictures Limited owns 100% of the issued share capital of
Harrigan Limited, therefore Talltree pictures Limited is the ultimate parent company. Harrigan Limited
prepares its financial statements to 30 November and as at the latest year end, the company had
aggregated share capital and reserves of a deficit of £958,598 (2014: £958,941)