Daddy's Girl Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05677601 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017

FOR

DADDY'S GIRL LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M L Loveday

N Lloyd

SECRETARY:

N Lloyd

REGISTERED OFFICE:

2nd Floor

109 Uxbridge Road

London

W5 3NY

REGISTERED NUMBER:

05677601 (England and Wales)

ACCOUNTANTS:

Johnsons, Chartered Accountants

2nd Floor

109 Uxbridge Road

Ealing

London

W5 5TL

FIXED ASSETS

Intangible assets

3

163,736

197,613

CURRENT ASSETS

Debtors

10,470

11,853

Cash at bank

219,782

251,555

230,252

263,408

CREDITORS

Amounts falling due within one year

41,697

38,693

NET CURRENT ASSETS

188,555

224,715

TOTAL ASSETS LESS CURRENT LIABILITIES

352,291

422,328

CREDITORS

Amounts falling due after more than one year

4

677,375

719,072

NET LIABILITIES

(325,084

)

(296,744

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

6

(325,086

)

(296,746

)

SHAREHOLDERS' FUNDS

(325,084

)

(296,744

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 October 2017 and were signed on its behalf by:

M L Loveday - Director

1.	STATUTORY INFORMATION

Daddy's Girl Limited 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.

The accounts have been prepared on a going concern basis since the directors have confirmation from The Arts

Council of Wales and Carnaby International plc that they will not seek payment from the company until such

time as funds become available.

Intangible fixed assets

Intangible assets comprise film rights associated with the distribution, licensing, advertising, showing,

publicising and exploitation of the Master Print of the film "Daddy's Girl". Film rights have been capitalised at

cost.

Amortisation is provided over the estimated useful lives of the assets which are as follows:

Film rights - 15 years on a straight line basis

Finance lease

Assets obtained under finance leases are capitalised in the balance sheet and are amortised over their estimated

useful lives or the lease term, whichever is the shorter.

The capital element of the future payments is treated as a liability.

3.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2016

and 31 January 2017

508,149

AMORTISATION

At 1 February 2016

310,536

Amortisation for year

33,877

At 31 January 2017

344,413

NET BOOK VALUE

At 31 January 2017

163,736

At 31 January 2016

197,613

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2017

2016

£

£

Repayable by instalments

Finance leases

-

54,858

The amounts due to The Arts Council of Wales and Carnaby International plc are repayable out of the revenues

generated from the distribution of the film after payment of distribution expenses.

5.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Finance leases

240,782

279,476

The funding from the Arts Council of Wales and production advances from Carnaby International plc are

secured by Deeds of Security Assignment dated 13 April 2006 and 27 February 2007 and a first floating charge

over the funds held in the production bank account.

A charge on deposit in favour of ABN Amro Bank N.V. account was created on 28 February 2007.

A charge over cash deposit in favour of Barclays Bank Plc was created on 28 February 2007 to secure the

amount due to the lessor under the finance lease.

6.

RESERVES

Retained

earnings

£

At 1 February 2016

(296,746

)

Deficit for the year

(28,340

)

At 31 January 2017

(325,086

)

7.	CONTROLLING PARTY

The company is jointly controlled by Boda CYF and Mr M L Loveday who is a director of the company. N.

Lloyd, who is the fellow director of the company, also holds a directorship in Boda CYF.

8.	FIRST YEAR ADOPTION

There has been no financial effect of implementing FRS102 in the first year of adoption.