Abbreviated Company Accounts - FINE ART PRODUCTIONS LIMITED

FINE ART PRODUCTIONS LIMITED - Company Information

02261683 FINE ART PRODUCTIONS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 02261683 2013-04-01 2014-03-31 02261683 2014-03-31 02261683 2013-03-31 02261683 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 02261683 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-31 iso4217:GBP shares

Registered Number 02261683

FINE ART PRODUCTIONS LIMITED

Abbreviated Accounts

31 March 2014

FINE ART PRODUCTIONS LIMITED Registered Number 02261683

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Investments	2	81,829	25,630
		81,829	25,630
Creditors: amounts falling due within one year		(62,512)	(56,711)
Net current assets (liabilities)		(62,512)	(56,711)
Total assets less current liabilities		19,317	(31,081)
Total net assets (liabilities)		19,317	(31,081)
Capital and reserves
Called up share capital	3	100,000	100,000
Profit and loss account		(80,683)	(131,081)
Shareholders' funds		19,317	(31,081)

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 December 2014

And signed on their behalf by:
H B Scully, Director

FINE ART PRODUCTIONS LIMITED Registered Number 02261683

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable in respect of sale goods and services to customers.

Other accounting policies
Fixed asset investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences as residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in profit and loss account.

The company is in partnership with the director, Mr H B Scully, and the value of the investment is stated as profits less amounts drawn.

Related party transactions

Control
The company is under the ultimate control of Mr Scully by virtue of his controlling shareholding in the company.

Director's loans
During the period the company made advances totalling £nil (2013: £nil) to the director.

2Fixed assets Investments
Cost at 1 April 2013: £25,630
additions: £56,199
Cost at 31 March 2014: £81,829

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
50,000 A Ordinary shares of £1 each	50,000	50,000
50,000 B Ordinary shares of £1 each	50,000	50,000