Wellesley Productions Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04490490 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

WELLESLEY PRODUCTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Lady C J Wellesley

REGISTERED OFFICE:

36 Great Russell Street

London

WC1B 3QB

REGISTERED NUMBER:

04490490 (England and Wales)

ACCOUNTANT:

Keith Raffan & Co.

Chartered Accountants

36 Great Russell Street

London

WC1B 3QB

FIXED ASSETS

Tangible assets

4

-

139

CURRENT ASSETS

Stocks

2,894

2,894

Cash at bank

42

286

2,936

3,180

CREDITORS

Amounts falling due within one year

5

111,755

102,118

NET CURRENT LIABILITIES

(108,819

)

(98,938

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(108,819

)

(98,799

)

PROVISIONS FOR LIABILITIES

6

-

28

NET LIABILITIES

(108,819

)

(98,827

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(108,919

)

(98,927

)

SHAREHOLDERS' FUNDS

(108,819

)

(98,827

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 31 December 2017 and were signed by:

Lady C J Wellesley - Director

1.	STATUTORY INFORMATION

Wellesley Productions 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.

Turnover

Turnover is measured at the fair value of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Film and television development costs have been carried forward as work in

progress where future revenue streams are expected from the projects concerned.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

4,722

DEPRECIATION

At 1 April 2016

4,583

Charge for year

139

At 31 March 2017

4,722

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

139

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

210

360

Other creditors

111,545

101,758

111,755

102,118

6.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

-

28

Deferred

tax

£

Balance at 1 April 2016

28

Credit to Income Statement during year

(28

)

Balance at 31 March 2017

-

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Lady C J Wellesley.