ADHM FILMS LIMITED - Filleted accounts

ADHM FILMS LIMITED - Filleted accounts

OVERCROSS FILMS LIMITED - Company Information

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Registered number
09352462
ADHM FILMS LIMITED
Filleted Accounts
31 December 2017
ADHM FILMS LIMITED
Registered number: 09352462
Balance Sheet
as at 31 December 2017
Notes 2017 2016
£ £
Current assets
Debtors 2 1 573,403
Cash at bank and in hand 56,136 201,250
56,137 774,653
Creditors: amounts falling due within one year 3 - (691,969)
Net current assets 56,137 82,684
Net assets 56,137 82,684
Capital and reserves
Called up share capital 1 1
Profit and loss account 56,136 82,683
Shareholders' funds 56,137 82,684
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Anil Thadani
Director
Approved by the board on 27 September 2018
ADHM FILMS LIMITED
Notes to the Accounts
for the year ended 31 December 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The Company has produced and released the film "Ae Dil Hai Mushkil" (the Film). The turnover recognised by the Company relates only to this Film.

During the previous year, the turnover in the P&L account relates to acquisition advances received from Dharma Productions Pvt Ltd (the Acquirer) for the Film.
Cost of sales
Production cost of the FIlm is recognised in the profit & loss account as cost of sales on delivery of the Film to the Acquirer.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed relates to the Film. Deferred tax asset based on timing differences is not applicable in respect of this Company's claim for film tax credit.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Debtors 2017 2016
£ £
Trade debtors - 4,173
Other debtors 1 569,230
1 573,403
3 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors - 203,192
Taxation and social security costs - 56,317
Other creditors - 432,460
- 691,969
4 Controlling party
Mr. Anil Thadani, the sole shareholder and the Company director, is the ultimate controlling party.
5 Other information
ADHM FILMS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Suite F
1-3 Canfield Place
London
NW6 3BT
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