Mancana Productions Limited - Accounts to registrar - small 16.1.1

Mancana Productions Limited - Accounts to registrar - small 16.1.1

MANCANA PRODUCTIONS LIMITED - Company Information

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REGISTERED NUMBER: 09436731 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2017

for

MANCANA PRODUCTIONS LIMITED

MANCANA PRODUCTIONS LIMITED (REGISTERED NUMBER: 09436731)

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


MANCANA PRODUCTIONS LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2017







DIRECTORS: F K Haycock
S J Bevan





SECRETARY: L K Macara





REGISTERED OFFICE: 3rd Floor
14 Floral Street
London
WC2E 9DH





REGISTERED NUMBER: 09436731 (England and Wales)





ACCOUNTANTS: Shipleys LLP
Chartered Accountants
5 Godalming Business Centre
Woolsack Way
Godalming
Surrey
GU7 1XW
Page 1
MANCANA PRODUCTIONS LIMITED (REGISTERED NUMBER: 09436731)

Balance Sheet
30 SEPTEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investments 3 2 -

CURRENT ASSETS
Stocks 3,162,060 25,000
Debtors 4 261,349 26,704
Cash at bank 1,446,074 4,928,012
4,869,483 4,979,716
CREDITORS
Amounts falling due within one
year
5
3,693
103,313
NET CURRENT ASSETS 4,865,790 4,876,403
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,865,792
4,876,403

CAPITAL AND RESERVES
Called up share capital 6 496,087 496,087
Share premium 4,468,115 4,468,115
Retained earnings (98,410 ) (87,799 )
SHAREHOLDERS' FUNDS 4,865,792 4,876,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 19 June 2018
and were signed on its behalf by:




J E T Reeve - Director


The notes form part of these financial statements

Page 2
MANCANA PRODUCTIONS LIMITED (REGISTERED NUMBER: 09436731)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2017


1. STATUTORY INFORMATION

Mancana Productions Limited is a private company, limited by shares ,
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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

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

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.

Page 3 continued...
MANCANA PRODUCTIONS LIMITED (REGISTERED NUMBER: 09436731)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017


3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 2
At 30 September 2017 2
NET BOOK VALUE
At 30 September 2017 2

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 113,100 -
Other debtors 148,249 26,704
261,349 26,704

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security - 1,467
Other creditors 3,693 101,846
3,693 103,313

6. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
4,960,863 A Ordinary Shares £0.10 496,086 496,086
10 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.

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.

Page 4