Slendro Media Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09238460 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

SLENDRO MEDIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J E T Reeve

M C Young

SECRETARY:

L K Macara

REGISTERED OFFICE:

3rd Floor

14 Floral Street

London

WC2E 9DH

REGISTERED NUMBER:

09238460 (England and Wales)

ACCOUNTANTS:

Shipleys LLP

Chartered Accountants

3 Godalming Business Centre

Woolsack Way

Godalming

Surrey

GU7 1XW

FIXED ASSETS

Investments

2

-

CURRENT ASSETS

Stocks

3,922,190

-

Debtors

31,554

1

Cash at bank

936,785

507,470

4,890,529

507,471

CREDITORS

Amounts falling due within one year

26,723

10,920

NET CURRENT ASSETS

4,863,806

496,551

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,863,808

496,551

CAPITAL AND RESERVES

Called up share capital

3

497,223

50,748

Share premium

4,502,676

456,719

Profit and loss account

(136,091

)

(10,916

)

SHAREHOLDERS' FUNDS

4,863,808

496,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 June 2017 and were signed on its behalf by:

J E T Reeve - 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

Stock is stated at the lower of cost and net realisable value. Cost comprises expenditure in respect of the

development and production of television programmes or films. Net realisable value is the expected selling price

or other cumulative income stream that is prudently anticipated from a programme after taking account of costs

of completion and bringing it to market.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date. Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the

timing differences are expected to reverse. Deferred tax assets and liabilities are not discounted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

2

At 30 September 2016

2

NET BOOK VALUE

At 30 September 2016

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Due Process Films Inc

Country of incorporation: United States of America

Nature of business: Production company

%

Class of shares:

holding

Common stock

100.00

31/3/16

£

Aggregate capital and reserves

439,149

Profit for the year

748,220

Trouble-Free Inc

Country of incorporation: united States of America

Nature of business: Production company

%

Class of shares:

holding

Common Stock

100.00

Anything Films Inc

Country of incorporation: United States of America

Nature of business: Production company

%

Class of shares:

holding

Common Stock

100.00

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

4,972,221

A Ordinary

£0.10

497,222

50,747

10

B Ordinary

£0.10

1

497,223

50,748

4,464,755 A Ordinary shares of £0.10 each were allotted as fully paid at a premium of £0.90 per share during the

year.

Details of the various share rights attached to each type of share capital is included in the Articles of Association.