Fred Films Colonia Limited 31/12/2017 iXBRL

FRED FILMS COLONIA LIMITED - Company Information

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Company registration number: 04439560

Fred Films Colonia Limited

Unaudited filleted financial statements

31 December 2017

Fred Films Colonia Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Fred Films Colonia Limited

Directors and other information


	Director	A J Spring


	Company number	04439560


	Registered office	Oak Lodge Great Bedwyn
		Marlborough
		Wiltshire
		SN8 3LY


	Accountants	Charlton Baker Limited
		7-7c Snuff Street
		Devizes
		Wiltshire
		SN10 1DU

Fred Films Colonia Limited

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of Fred Films Colonia Limited

Year ended 31 December 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fred Films Colonia Limited for the year ended 31 December 2017 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.

Our work has been undertaken in accordance with the ICAEW Technical Release 07/16 AAF.

Charlton Baker Limited

Chartered Accountants and Business Advisors

7-7c Snuff Street

Devizes

Wiltshire

SN10 1DU

Fred Films Colonia Limited

Statement of financial position

31 December 2017

		2017		2016
	Note	£	£	£	£

Current assets
Stocks		126,526		110,000
Debtors	4	55		23
Cash at bank and in hand		776		5,894
		_______		_______
		127,357		115,917
Creditors: amounts falling due
within one year	5	( 129,105)		( 118,171)
		_______		_______
Net current liabilities			( 1,748)		( 2,254)
			_______		_______
Total assets less current liabilities			( 1,748)		( 2,254)

			_______		_______
Net liabilities			( 1,748)		( 2,254)
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			( 1,749)		( 2,255)
			_______		_______
Shareholders deficit			( 1,748)		( 2,254)
			_______		_______

For the 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:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 September 2018 , and are signed on behalf of the board by:

A J Spring

Director

Company registration number: 04439560

Fred Films Colonia Limited

Notes to the financial statements

Year ended 31 December 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oak Lodge Great Bedwyn, Marlborough, Wiltshire, SN8 3LY.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Revenue from the rendering of film services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument . Debt instruments are subsequently measured at amortised cost.

4. Debtors

	2017	2016
	£	£
Other debtors	55	23
	_______	_______

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Other creditors	129,105	118,171
	_______	_______

6. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2017
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	A J Spring	( 8,671)	-	-	( 8,671)
		_______	_______	_______	_______

2016
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	A J Spring	( 8,680)	( 3,247)	3,256	( 8,671)
		_______	_______	_______	_______

7. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2017	2016	2017	2016
	£	£	£	£
Fred Film Production Limited	( 10,984)	-	( 10,984)	-
	_______	_______	_______	_______

Fred Films Colonia Limited is a 100% subsidiary of Fred Film Productions Limited. During the year, Fred Film Productions Limited loaned Fred Films Colonia Limited £10,984, which is all still outstanding at year end.