PandF Productions Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03899825 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

PandF Productions Ltd

Previously known as

TL5Y Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S K M Williams

Mrs H A Williams

REGISTERED OFFICE:

Harmile House

54 St Marys Lane

Upminster

Essex

RM14 2QP

BUSINESS ADDRESS:

Unit 1

Meridian Trading Estate

20 Lombard Wall

London

London

SE7 7SW

REGISTERED NUMBER:

03899825 (England and Wales)

FIXED ASSETS

Investments

3

43,261

-

CURRENT ASSETS

Debtors

4

25,197

116

Cash at bank and in hand

71,395

2,057

96,592

2,173

CREDITORS

Amounts falling due within one year

5

198,901

2,331

NET CURRENT LIABILITIES

(102,309

)

(158

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(59,048

)

(158

)

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

(59,050

)

(160

)

SHAREHOLDERS' FUNDS

(59,048

)

(158

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 May 2017 and were signed on its behalf by:

S K M Williams - Director

1.	STATUTORY INFORMATION

PandF Productions Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year the company has adopted FRS 102 and there has been no restatement of the prior year

results and the only changes required relate to presentation and disclosure within the financial statements.

TURNOVER

Turnover is measured as the fair value of the consideration received or receivable in respect of productions

which have taken place in the period, excluding value added tax.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

DEFERRED TAX

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

Additions

43,261

At 31 December 2016

43,261

NET BOOK VALUE

At 31 December 2016

43,261

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other debtors

116

116

Tax

25,081

-

25,197

116

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

13,222

-

VAT

13,443

-

Directors' current accounts

151,679

1,681

Accruals and deferred income

20,557

650

198,901

2,331

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

2

Ordinary

£1

2

2