ACCOUNTS - Final Accounts

TESTAMENT FILMS LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-01-292017-01-29falsetruetrue2016-01-30 08847888 2016-01-30 2017-01-29 08847888 2017-01-29 08847888 2016-01-29 08847888 c:Director1 2016-01-30 2017-01-29 08847888 c:RegisteredOffice 2016-01-30 2017-01-29 08847888 d:CurrentFinancialInstruments 2017-01-29 08847888 d:CurrentFinancialInstruments 2016-01-29 08847888 d:CurrentFinancialInstruments d:WithinOneYear 2017-01-29 08847888 d:CurrentFinancialInstruments d:WithinOneYear 2016-01-29 08847888 d:ShareCapital 2017-01-29 08847888 d:ShareCapital 2016-01-29 08847888 c:OrdinaryShareClass1 2016-01-30 2017-01-29 08847888 c:OrdinaryShareClass1 2017-01-29 08847888 c:EntityHasNeverTraded 2016-01-30 2017-01-29 08847888 c:FRS102 2016-01-30 2017-01-29 08847888 c:AuditExempt-NoAccountantsReport 2016-01-30 2017-01-29 08847888 c:FullAccounts 2016-01-30 2017-01-29 08847888 c:PrivateLimitedCompanyLtd 2016-01-30 2017-01-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08847888

TESTAMENT FILMS LIMITED

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JANUARY 2017


TESTAMENT FILMS LIMITED

COMPANY INFORMATION

Director	M R Waterstone


Registered number	08847888


Registered office	5 Elstree Gate
	Elstree Way
	Borehamwood
	Hertfordshire
	WD6 1JD


TESTAMENT FILMS LIMITED

CONTENTS

	Page
Director's Report	1
Statement of Comprehensive Income	2
Statement of Financial Position	2
Notes to the Financial Statements	3 - 4


TESTAMENT FILMS LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 29 JANUARY 2017

The director presents his report and the financial statements for the year ended 29 January 2017.

Principal activity

The principal activity of the company was that of development and production of theatrical feature films. The company completed the formal completion and delivery of Testament Of Youth, a film that was completed on 30 January 2015. The company has not carried out any trading activity since that period.

Director

The director who served during the year was:

M R Waterstone

Director's responsibilities statement

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the director is required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 27 February 2018 and signed on its behalf.

M R Waterstone

Director

Page 1


TESTAMENT FILMS LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 29 JANUARY 2017

The Company has not traded during the year or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.

STATEMENT OF FINANCIAL POSITION

AS AT 29 JANUARY 2017

	2017	2016
Note	£	£


Current assets
Debtors: amounts falling due within one year	3	19,892	17,923
Cash at bank and in hand		50,878	50,878
Current liabilities		70,770	68,801
Creditors: amounts falling due within one year	4	(70,670)	(68,701)

Net assets		100	100

Capital and reserves
Called up share capital	5	100	100

For the year ended 29 January 2017 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 February 2018.

M R Waterstone

Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2


TESTAMENT FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JANUARY 2017

1.	General information

Testament Films Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

2.2

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.4

Creditors

Short term creditors are measured at the transaction price.

Debtors

					2017	2016
					£	£


Other debtors	19,892	17,923

4.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

	Other creditors	70,670	68,701

5.	Share capital
		2017	2016
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

Page 3


TESTAMENT FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JANUARY 2017

6.	Contingent liabilities

Charges have been registered against the film in favour of the following parties to secure their interests in the copyright of and title to the film:

Testament Distribution Limited

Film Finances Inc

Hotwells Productions Limited

7.	Controlling party

The company is a subsidiary of Hotwells Productions Limited, a company incorporated in England and Wales. The director regards Hotwells Productions Limited as the ultimate parent undertaking.

Page 4