| Movies & More Limited |
| Registered number: |
10267840 |
| Balance Sheet |
| as at 31 October 2017 |
|
| Notes |
|
|
31 October 2017 |
|
|
|
|
|
£ |
|
| Current assets |
| Work in progress |
|
|
336,623 |
| Debtors |
3 |
|
3,160,797 |
| Cash at bank and in hand |
|
|
442,051 |
|
|
|
3,939,471 |
|
|
|
|
| Net current assets |
|
|
|
3,939,471 |
|
|
| Total assets less current liabilities |
|
|
|
3,939,471 |
|
|
| Creditors: amounts falling due after more than one year |
4 |
|
|
(2,119,192) |
|
|
|
| Net assets |
|
|
|
1,820,279 |
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
1,820,279 |
|
| Shareholder's funds |
|
|
|
1,820,279 |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Jaimal Inder Singh Shergill |
| Director |
| Approved by the board on 8 January 2018 |
|
| Movies & More Limited |
| Notes to the Accounts |
| for the period from 7 July 2016 to 31 October 2017 |
|
| 1 |
General information |
|
Movies & More Limited is a private limited company limited by shares and incorporated in the United Kingdom. Its registered office address is c/o 20 Margaret Street, 1st floor, London W1W 8RS. |
|
| 2 |
Accounting policies |
|
| 2.1 |
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
| 2.2 |
Turnover |
|
The Company has produced the film "Gold" (the Film). The turnover recognised by the Company relates only to this Film. |
|
|
Turnover represents assignment advances from the acquiring and financing commissioner and its associates in relation to the Film's production. |
|
| 2.3 |
Work in progress |
|
Production cost of the film at the balance sheet date is carried forward on the basis that it is deemed recoverable from the future income/revenue of the Film. |
|
| 2.4 |
Cost of Sales |
|
Film production costs incurred in production of the Film are recognised in the P&L account as cost of sales in the period in which they are incurred. |
|
| 2.5 |
Taxation |
|
The current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed relates to the Film. Deferred tax asset based on timing differences is not applicable in respect of this Company's claim for film tax credit. |
|
| 2.6 |
Borrowing costs |
|
|
All borrowing costs are recognised in the profit and loss account in the period in which they are incurred |
|
| 2.7 |
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
| 3 |
Debtors |
31 October 2017 |
|
|
|
|
|
|
|
£ |
|
|
Trade debtors |
1,000,000 |
|
VAT receivable |
|
|
|
|
140,456 |
|
Corporation tax receivable |
1,820,279 |
|
Other debtors |
200,062 |
|
|
|
|
|
|
3,160,797 |
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due after one year |
2017 |
|
|
|
|
|
|
|
£ |
|
|
|
Other taxes and social security |
86,299 |
|
Trade creditors |
1,632,893 |
|
Other creditors |
400,000 |
|
|
|
|
|
|
2,119,192 |
|
|
| 5 |
Related party transactions |
|
|
Firuzi Khan, the individual co-producer is also the director of Ecobride Limited. Mr Firuzi Khan served as a director of the Company from July 7, 2016 until June 12, 2017.
During the current period ended October 31, 2017, Ecobride Limited loaned out the services of Mrs Firuzi Khan as a Co-producer for £100,000.
During the current period ended October 31, 2017, Ecobride Limited, invoiced the Company £15,000 for booking keeping service which was fully paid.
As on Balance Sheet date, the amount payble is £15,000. |
|
| 6 |
Controlling party |
|
| 6.1 |
Mr Jaimal Inder Singh Shergill is the sole shareholder & director of the Company. |
| 6.2 |
Mr Jaimal Inder Singh Shergill is the ultimate controlling party. |
