Crystalcreek Limited Company Accounts

CRYSTALCREEK LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04345979

Crystalcreek Limited

Filleted Unaudited Financial Statements

30 June 2017

Crystalcreek Limited

Financial Statements

Year ended 30 June 2017

Contents	Page

Officers and professional advisers	1

Report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	4

Crystalcreek Limited

Officers and Professional Advisers

Director	T P Burrill

Registered office	17-19 Station Road West
	Oxted
	Surrey
	RH8 9EE

Accountants	Baulf-James
	Chartered accountant
	17-19 Station Road West
	Oxted
	Surrey
	RH8 9EE

Crystalcreek Limited

Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Crystalcreek Limited

Year ended 30 June 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crystalcreek Limited for the year ended 30 June 2017, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Crystalcreek Limited in accordance with the terms of our engagement letter dated 30 June 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Crystalcreek Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crystalcreek Limited and its director for our work or for this report.

It is your duty to ensure that Crystalcreek Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Crystalcreek Limited. You consider that Crystalcreek Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Crystalcreek Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Baulf-James Chartered accountant

17-19 Station Road West Oxted Surrey RH8 9EE

5 March 2018

Crystalcreek Limited

Statement of Financial Position

30 June 2017

	2017	2016
Note	£	£

Current assets

Cash at bank and in hand	735	1,773

Creditors: amounts falling due within one year	5	12,907	13,935
		--------	--------
Net current liabilities		12,172	12,162
		--------	--------
Total assets less current liabilities		( 12,172)	( 12,162)
		--------	--------
Net liabilities		( 12,172)	( 12,162)
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 12,173)	( 12,163)
	--------	--------
Shareholders deficit	( 12,172)	( 12,162)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 5 March 2018 , and are signed on behalf of the board by:

T P Burrill
Director

Company registration number: 04345979

Crystalcreek Limited

Notes to the Financial Statements

Year ended 30 June 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17-19 Station Road West, Oxted, Surrey, RH8 9EE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 July 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Film Asset	-	Fully depreciated

4. Tangible assets

	Film asset	Total
	£	£
Cost
At 1 July 2016 and 30 June 2017	24,226,953	24,226,953
	-------------	-------------
Depreciation
At 1 July 2016 and 30 June 2017	24,226,953	24,226,953
	-------------	-------------
Carrying amount
At 30 June 2017	–	–
	-------------	-------------
At 30 June 2016	–	–
	-------------	-------------

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	11,882	12,910
Other creditors	1,025	1,025
	--------	--------
	12,907	13,935
	--------	--------

HSBC Republic Bank (UK) Limited has an outstanding charge over the assets of the company.

6. Related party transactions

The company was under the control of Mr Timothy Burrill throughout the current and previous year. Mr Timothy Burrill is the managing director and majority shareholder.

7. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 July 2015.

No transitional adjustments were required in equity or profit or loss for the year.

8. Going concern

The accounts are prepared on the going concern basis. The Director confirms he will continue to support the Company throughout the next 12 months.