E O S Films Limited Filleted accounts for Companies House (small and micro)

false false false false false false false false false true false false false false false false false No description of principal activity 2016-09-01 Sage Accounts Production Advanced 2018 - FRS 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 07194123 2016-09-01 2017-08-31 07194123 2017-08-31 07194123 2016-08-31 07194123 bus:RegisteredOffice 2016-09-01 2017-08-31 07194123 bus:Director1 2016-09-01 2017-08-31 07194123 bus:Director2 2016-09-01 2017-08-31 07194123 core:WithinOneYear 2017-08-31 07194123 core:WithinOneYear 2016-08-31 07194123 core:ShareCapital 2017-08-31 07194123 core:ShareCapital 2016-08-31 07194123 core:RetainedEarningsAccumulatedLosses 2017-08-31 07194123 core:RetainedEarningsAccumulatedLosses 2016-08-31 07194123 core:CostValuation core:Non-currentFinancialInstruments 2017-08-31 07194123 core:Non-currentFinancialInstruments 2017-08-31 07194123 core:Non-currentFinancialInstruments 2016-08-31 07194123 bus:SmallEntities 2016-09-01 2017-08-31 07194123 bus:AuditExempt-NoAccountantsReport 2016-09-01 2017-08-31 07194123 bus:FullAccounts 2016-09-01 2017-08-31 07194123 bus:SmallCompaniesRegimeForAccounts 2016-09-01 2017-08-31 07194123 bus:PrivateLimitedCompanyLtd 2016-09-01 2017-08-31

COMPANY REGISTRATION NUMBER: 07194123

E O S FILMS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 August 2017

E O S FILMS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2017

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

E O S FILMS LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Prof R H Cassen
	Mrs S Sun

Registered office	Lynton House
	7-12 Tavistock Square
	London
	WC1H 9BQ

E O S FILMS LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2017

	2017		2016
Note	£	£	£	£

Fixed assets

Investments	4		100		100

Current assets

Debtors	5	14,305	146,195
Cash at bank and in hand		252,167	72,404
		---------	---------
		266,472	218,599

Creditors: amounts falling due within one year	6	215,668		162,572
		---------		---------
Net current assets			50,804		56,027
			--------		--------
Total assets less current liabilities			50,904		56,127
			--------		--------
Net assets			50,904		56,127
			--------		--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	50,804	56,027
	--------	--------
Shareholders funds	50,904	56,127
	--------	--------

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 comprehensive income has not been delivered.

For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

E O S FILMS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2017

These financial statements were approved by the board of directors and authorised for issue on 31 May 2018 , and are signed on behalf of the board by:

Prof R H Cassen

Director

Company registration number: 07194123

E O S FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 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 Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ.

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 and investment properties 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 September 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 September 2016 and 31 August 2017	100
	----
Impairment
At 1 September 2016 and 31 August 2017	–
	----

Carrying amount
At 31 August 2017	100
	----
At 31 August 2016	100
	----

The company holds 100% of the issued share capital of E O S Films.TV Limited.

5. Debtors

	2017	2016
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	13,405	144,085
Other debtors	900	2,110
	--------	---------
	14,305	146,195
	--------	---------

6. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	15,971	15,971
Other creditors	199,697	146,601
	---------	---------
	215,668	162,572
	---------	---------

7. Related party transactions

The company is under the control of Mrs S Sun , a director and majority shareholder. At the Balance Sheet date the company was owed £14,305 (2016: £144,085) by E O S Films.TV Ltd. This amount is interest free and repayable on demand.

8. Controlling party

The company is under the control of Mrs S Sun, a director and majority shareholder.

9. Transition to FRS 102

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

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