Gallery Motion Pictures Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03259278 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Gallery Motion Pictures Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E Stroh

Mrs Y Stroh

REGISTERED OFFICE:

9 Acton Hill Mews

Uxbridge Road

London

W3 9QN

REGISTERED NUMBER:

03259278 (England and Wales)

ACCOUNTANTS:

Pemberton Professionals Limited

9 Acton Hill Mews

Uxbridge Road

London

W3 9QN

CURRENT ASSETS

Debtors

4

15,069

14,282

Cash at bank

49,878

14,151

64,947

28,433

CREDITORS

Amounts falling due within one year

5

840

840

NET CURRENT ASSETS

64,107

27,593

TOTAL ASSETS LESS CURRENT LIABILITIES

64,107

27,593

CREDITORS

Amounts falling due after more than one year

6

222,957

196,995

NET LIABILITIES

(158,850

)

(169,402

)

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

(158,949

)

(169,501

)

SHAREHOLDERS' FUNDS

(158,850

)

(169,402

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 25 July 2018 and were signed on its behalf by:

E Stroh - Director

1.	STATUTORY INFORMATION

Gallery Motion Pictures 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

Going concern

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 financial statements have been prepared on a going concern basis. The directors are of the

opinion that it is appropriate to adopt the going concern basis in preparing the financial statements.

The directors have assured their continued support to the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Film costs are being amortised evenly over their estimated useful life of nil years.

3.	INTANGIBLE FIXED ASSETS

Film

costs

£

COST

At 1 November 2016

and 31 October 2017

137,832

AMORTISATION

At 1 November 2016

and 31 October 2017

137,832

NET BOOK VALUE

At 31 October 2017

-

At 31 October 2016

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Expenses advances

11,300

11,000

Other debtors

2,183

2,027

VAT

1,586

1,255

15,069

14,282

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

(1

)

-

Tax

1

-

Accrued expenses

840

840

840

840

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Other creditors

6,593

10,593

Amounts due to parent company

216,364

186,402

222,957

196,995

7.	RELATED PARTY DISCLOSURES

Included in creditors is a balance of £186,402 (2015: £176,482) owed to the parent company,

Moonstone Entertainment Inc.

This balance arose as a result of normal operating transactions, and represents the maximum amount

outstanding during the period.

All transactions entered into between the two companies were on an arms length basis and in the

ordinary course of business.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr E Stroh.