Karen Hamilton Productions Limited - Period Ending 2016-07-31

KAREN HAMILTON PRODUCTIONS LIMITED - Company Information

Registration number: 03400069

Karen Hamilton Productions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016

Anthony P Klein Accountants
32 Manor Hall Avenue
Hendon
London
NW4 1NX

Karen Hamilton Productions Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Karen Hamilton Productions Limited
for the Year Ended 31 July 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Karen Hamilton Productions Limited for the year ended 31 July 2016 set out on pages 2-4 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Karen Hamilton Productions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Karen Hamilton Productions Limited and state those matters that we have agreed to state to them, 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 Karen Hamilton Productions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Karen Hamilton Productions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Karen Hamilton Productions Limited. You consider that Karen Hamilton 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 accounts of Karen Hamilton 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 accounts.

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

Anthony P Klein Accountants
32 Manor Hall Avenue
Hendon
London
NW4 1NX

21 April 2017

Page 1

Karen Hamilton Productions Limited

(Registration number: 03400069)
Abbreviated Balance Sheet as at 31 July 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets	2	1,885	2,113
Current assets
Debtors		556	-
Cash at bank and in hand		164,721	203,749
		165,277	203,749
Creditors: Amounts falling due within one year		(143,788)	(172,701)
Net current assets		21,489	31,048
Total assets less current liabilities		23,374	33,161
Accruals and deferred income		(3,000)	(3,000)
Net assets		20,374	30,161
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		20,371	30,158
Shareholders funds		20,374	30,161

For the year ending 31 July 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 director on 21 April 2017

.........................................
Mrs Karen Hamilton
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Karen Hamilton Productions Limited

Notes to the Abbreviated Accounts

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% reducing balance

Research and development

Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE.

Fixed asset investments

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

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

Page 3

Karen Hamilton Productions Limited

Notes to the Abbreviated Accounts

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Fixed assets

	Tangible assets £	Total £
Cost
At 1 August 2015	33,605	33,605
Additions	400	400
At 31 July 2016	34,005	34,005
Depreciation
At 1 August 2015	31,492	31,492
Charge for the year	628	628
At 31 July 2016	32,120	32,120
Net book value
At 31 July 2016	1,885	1,885
At 31 July 2015	2,113	2,113

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary shares of £1 each	3	3	3	3

Control

The director is the controlling party by virtue of her controlling shareholding in the company.

Page 4