Movie-Invest Limited - Period Ending 2017-12-31
Movie-Invest Limited - Period Ending 2017-12-31
Registration number:
Movie-Invest Limited
for the Year Ended 31 December 2017
Movie-Invest Limited
Contents
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Company Information |
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Director's Report |
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Abridged Statement of Financial Position |
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Statement of Changes in Equity |
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Notes to the Abridged Financial Statements |
Movie-Invest Limited
Company Information
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Director |
Gerald Brian Taylor |
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Company secretary |
Lincoln Secretaries Limited |
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Registered office |
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Page 1 |
Movie-Invest Limited
Director's Report for the Year Ended 31 December 2017
The director presents his report and the abridged financial statements for the year ended 31 December 2017.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is that of investment holding company.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
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Lincoln Secretaries Limited
Company secretary
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Page 2 |
Movie-Invest Limited
(Registration number: 03158650)
Abridged Statement of Financial Position as at 31 December 2017
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Note |
2017 |
2016 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
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Gerald Brian Taylor
Director
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Page 3 |
Movie-Invest Limited
Statement of Changes in Equity for the Year Ended 31 December 2017
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Share capital |
Profit and loss account |
Total |
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At 1 January 2017 |
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Profit for the year |
- |
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Total comprehensive income |
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At 31 December 2017 |
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Share capital |
Profit and loss account |
Total |
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At 1 January 2016 |
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Loss for the year |
- |
( |
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Total comprehensive income |
- |
( |
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At 31 December 2016 |
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Page 4 |
Movie-Invest Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2017
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General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
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Page 5 |
Movie-Invest Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2017
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Page 6 |
Movie-Invest Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2017
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Investments |
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Total |
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Cost or valuation |
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At 1 January 2017 |
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Provision |
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Carrying amount |
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At 31 December 2017 |
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At 31 December 2016 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2017 |
2016 |
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Subsidiary undertakings |
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Ordinary |
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Italy |
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The principal activity of R.M.L Comunicazione Srl is |
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The profit for the financial period of R.M.L Comunicazione Srl was €2,756,262 and the aggregate amount of capital and reserves at the end of the period was €12,694,562. |
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Related party transactions |
Summary of transactions with other related parties
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Page 7 |