EMBARGO_FILMS_(ANNA)_LIMI - Accounts

EMBARGO FILMS (ANNA) LIMITED - Company Information

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Company Registration No. 07462806 (England and Wales)

EMBARGO FILMS (ANNA) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

EMBARGO FILMS (ANNA) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EMBARGO FILMS (ANNA) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

Current assets

Debtors

403,429

416,590

Cash at bank and in hand

8,691

412,120

416,590

Creditors: amounts falling due within one year

(223,708)

(224,564)

Net current assets

188,412

192,026

Total assets less current liabilities

188,413

192,027

Capital and reserves

Called up share capital

Profit and loss account

188,412

192,026

Shareholders' funds

188,413

192,027

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have 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 and authorised for issue on 20 December 2016

Mr B Southcombe

Director

Company Registration No. 07462806

EMBARGO FILMS (ANNA) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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

Film rights

Intangible assets represent the rights held in the film "I, Anna". The rights are valued at cost less an amortisation charge. Amortisation is calculated by reference to the estimated proportion of net income earned in the year.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

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

Intangible assets

Investments

Total

Cost

At 1 April 2015 & at 31 March 2016

2,499,058

2,499,059

Depreciation

At 1 April 2015 & at 31 March 2016

2,499,058

Net book value

At 31 March 2016

At 31 March 2015

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Anna Productions Limited

England & Wales

Ordinary

100.00

EMBARGO FILMS (ANNA) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Anna Productions Limited

Film development and production

Anna Productions Limited was dissolved on 12 July 2016.

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each

Ultimate parent company

The company is a wholly owned subsidiary of Embargo Films Limited. The financial statements of Embargo Films Limited can be obtained from Companies House.

The company does not have an ultimate controlling party.