Creep Films Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04782003 (England and Wales)

Abbreviated Accounts for the Year Ended 31 May 2016

for

Creep Films Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Baines

J J Taylor

REGISTERED OFFICE:

249 Gray's Inn Road

London

WC1X 8QZ

REGISTERED NUMBER:

04782003 (England and Wales)

ACCOUNTANTS:

Matthew Squire (AFA) & Company

32 The Tything

Worcester

Worcestershire

WR1 1JL

CURRENT ASSETS

Stocks

1,810

Cash at bank

4,048

2,773

5,858

4,583

CREDITORS

Amounts falling due within one year

4,632

2,844

NET CURRENT ASSETS

1,226

1,739

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,226

1,739

CAPITAL AND RESERVES

Called up share capital

2

Profit and loss account

1,224

1,737

SHAREHOLDERS' FUNDS

1,226

1,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 28 January 2017 and were signed on its behalf by:

J Baines - 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 January 2015).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

2

Ordinary

£1

2

3.	RELATED PARTY DISCLOSURES

During the year, Creep Films Limited was under the control of J Baines, who is a director owning 100% of the issued share

capital. During the period, J Baines was also director of associated companies Dan Films Limited and Triangle Films

Limited. Transactions between the three companies did apply during the period to 31 May 2016.

Current accounts exist between the three companies. As at 31 May 2016, £357 (2015 - £156 owed by) is owed to Dan

Films Limited by Creep Films Limited, and £2,500 (2015 - £2,500) is owed to Triangle Films Limited by Creep Films

Limited. The total amount of £2,857 is disclosed under 'Creditors: amounts falling due within one year'. The amount is not

subject to any formal interest or repayment terms.