PAUL_KNIGHT_FILM_AND_TELE - Accounts

PAUL KNIGHT FILM AND TELEVISION PRODUCTIONS LIMITED - Company Information

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Company Registration No. 01690186 (England and Wales)

PAUL KNIGHT FILM AND TELEVISION PRODUCTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

PAUL KNIGHT FILM AND TELEVISION PRODUCTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PAUL KNIGHT FILM AND TELEVISION PRODUCTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

4,916,143

5,181,830

Investments

2,426,515

2,481,252

7,342,658

7,663,082

Current assets

Debtors

785,484

927,983

Cash at bank and in hand

495,272

358,679

1,280,756

1,286,662

Creditors: amounts falling due within one year

(68,426)

(49,327)

Net current assets

1,212,330

1,237,335

Total assets less current liabilities

8,554,988

8,900,417

Capital and reserves

Called up share capital

100

Revaluation reserve

604,633

869,633

Profit and loss account

7,950,255

8,030,684

Shareholders' funds

8,554,988

8,900,417

For the financial year ended 31 August 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 23 May 2017

P A Knight

Director

Company Registration No. 01690186

PAUL KNIGHT FILM AND TELEVISION PRODUCTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for services net of VAT.

1.3

Tangible fixed assets and depreciation

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

Fixtures, fittings & equipment

20% reducing balance

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.4

Investments

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

1.5

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.

PAUL KNIGHT FILM AND TELEVISION PRODUCTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 September 2015

5,248,720

2,481,252

7,729,972

Additions

849

581,020

581,869

Revaluation

(265,000)

Disposals

(635,757)

At 31 August 2016

4,984,569

2,426,515

7,411,084

Depreciation

At 1 September 2015

66,890

Charge for the year

1,536

At 31 August 2016

68,426

Net book value

At 31 August 2016

4,916,143

2,426,515

7,342,658

At 31 August 2015

5,181,830

2,481,252

7,663,082

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

Participating interests

PAK London Limited

England and Wales

Ordinary

50.00

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100