FULWELL_73_LIMITED - Accounts

FULWELL 73 LIMITED - Company Information

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Company Registration No. 05020661 (England and Wales)

FULWELL 73 LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

Richard Anthony

Chartered Accountants

FULWELL 73 LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

FULWELL 73 LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

80,733

63,556

Investments

105

80,838

63,661

Current assets

Debtors

1,316,635

385,104

Cash at bank and in hand

620,589

628,072

1,937,224

1,013,176

Creditors: amounts falling due within one year

(1,505,080)

(760,262)

Net current assets

432,144

252,914

Total assets less current liabilities

512,982

316,575

Capital and reserves

Called up share capital

Profit and loss account

512,974

316,567

Shareholders' funds

512,982

316,575

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

Directors' 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 directors acknowledge their 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 for issue on 12 May 2017

L Pearlman

Director

Company Registration No. 05020661

FULWELL 73 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 film production services.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% on Cost

Fixtures, fittings & equipment

25% on cost

1.5

Investments

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

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.7

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

FULWELL 73 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 August 2015

103,969

105

104,074

Additions

48,675

At 31 July 2016

152,644

105

152,749

Depreciation

At 1 August 2015

40,413

Charge for the year

31,498

At 31 July 2016

71,911

Net book value

At 31 July 2016

80,733

105

80,838

At 31 July 2015

63,556

105

63,661

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

F73 Productions Limited

Ordinary

100.00

CO92 The Film Limited

Ordinary

50.00

MTM The FIlm Limited

Ordinary

100.00

LU The Film Limited

Ordinary

50.00

A Bus Could Run Ltd

Ordinary

100.00

UB The Film Limited

Ordinary

100.00

H of A Production Limited

Ordinary

100.00

FULWELL 73 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

Fixed assets

(Continued)

- 4 -

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

F73 Productions Limited

Film production

(55,438)

CO92 The Film Limited

Film production

(3,796)

(27,688)

MTM The FIlm Limited

Film production

(735,996)

16,840

LU The Film Limited

Film production

(791,128)

(83,369)

A Bus Could Run Ltd

Film production

(963,232)

(936,232)

UB The Film Limited

Film production

H of A Production Limited

Film Production

The subsidiary MTM The Film Limited was dissolved on 17 January 2017.

Share capital

2016

2015

Allotted, called up and fully paid

4 Ordinary shares of £1 each

1 Ordinary A shares of £1 each

1 Ordinary B shares of £1 each

1 Ordinary C shares of £1 each

1 Ordinary D shares of £1 each