Green Ash Pictures Limited - Accounts to registrar - small 16.1.1
Green Ash Pictures Limited - Accounts to registrar - small 16.1.1
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 September 2017 |
for |
GREEN ASH PICTURES LIMITED |
GREEN ASH PICTURES LIMITED (REGISTERED NUMBER: 09435316) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
GREEN ASH PICTURES LIMITED |
Company Information |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
5 Godalming Business Centre |
Woolsack Way |
Godalming |
Surrey |
GU7 1XW |
GREEN ASH PICTURES LIMITED (REGISTERED NUMBER: 09435316) |
Balance Sheet |
30 SEPTEMBER 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on and were signed on its behalf by: |
GREEN ASH PICTURES LIMITED (REGISTERED NUMBER: 09435316) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
1. | STATUTORY INFORMATION |
Green Ash Pictures Limited is a |
registered in England and Wales. The company's registered number and |
registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts are prepared in Sterling, which is the functional and |
presentational currency of the entity. |
Transition to FRS 102 |
The entity transitioned from previous UK GAAP to FRS 102 as at 1 October |
2015. Details of how FRS 102 has affected the reported financial position |
and financial performance is given in note 8. |
Significant judgements and estimates |
The preparation of financial statements under FRS 102 requires the Company |
to make estimates and assumptions that affect the application of policies |
and reported amounts. Estimates and judgements are continually evaluated |
and are based on historical experience and other factors including |
expectations of future events that are believed to be reasonable under the |
circumstances. Actual results may differ from these estimates. The |
estimates and assumptions which have a risk of causing a material |
adjustment to the carrying amount of assets and liabilities are discussed |
below. |
The directors have considered the above and do not believe that there are |
any estimates or assumptions which have a significant effect on the amounts |
recognised in the financial statements that require disclosure. |
Turnover |
Turnover comprises the company's revenue in respect of production and |
exploitation of television programmes or films during the period exclusive |
of Value Added Tax. Fees are recognised once the right to the income has |
been earned. |
Stocks |
Stock is stated at the lower of cost and net realisable value. Cost |
comprises expenditure in respect of the development and production of |
television programmes or films. Net realisable value is the expected |
selling price or other cumulative income stream that is prudently |
anticipated from a programme after taking account of costs of completion |
and bringing it to market. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling |
at the rates of exchange ruling at the balance sheet date. Transactions in |
foreign currencies are translated into sterling at the rate of exchange |
ruling at the date of transaction. Exchange differences are taken into |
account in arriving at the operating result. |
Fixed asset investments |
Fixed asset investments are initially recorded at cost, and subsequently |
stated at cost less any accumulated |
impairment losses. |
GREEN ASH PICTURES LIMITED (REGISTERED NUMBER: 09435316) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have |
originated but not reversed at the balance sheet date. Deferred tax assets |
and liabilities are calculated at the tax rates expected to be effective at |
the time the timing differences are expected to reverse. Deferred tax |
assets and liabilities are not discounted. |
3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 October 2016 |
and 30 September 2017 |
NET BOOK VALUE |
At 30 September 2017 |
At 30 September 2016 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
A Ordinary Shares | £0.10 | 496,086 | 496,086 |
B Ordinary Shares | £0.10 | 1 | 1 |
496,087 | 496,087 |
Details of the various share rights attached to each type of share capital |
is included in the Articles of Association. |
GREEN ASH PICTURES LIMITED (REGISTERED NUMBER: 09435316) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
7. | RELATED PARTY DISCLOSURES |
No transactions were undertaken with related parties as such that are |
required to be disclosed under FRS |
102. |
8. | TRANSITION TO FRS 102 |
These are the first financial statements that comply with FRS 102. The |
Company transitioned to FRS 102 on 1 October 2015. |
No transitional adjustments were required in equity or profit or loss for |
the year. |