Premiere Picture Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04040531 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2017

FOR

PREMIERE PICTURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTORS:

Premiere Trustees Limited

Ms M J Conti

J D Croft

SECRETARY:

Albany Nominees Limited

REGISTERED OFFICE:

3rd Floor

Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

REGISTERED NUMBER:

04040531 (England and Wales)

ACCOUNTANTS:

JS&CO LLP

3rd Floor, Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

FIXED ASSETS

Tangible assets

4

90

199

Investments

5

1

1

91

200

CURRENT ASSETS

Debtors

6

1,134,714

1,094,679

Cash at bank

22

19,593

1,134,736

1,114,272

CREDITORS

Amounts falling due within one year

7

(1,143,008

)

(1,077,284

)

NET CURRENT (LIABILITIES)/ASSETS

(8,272

)

36,988

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,181

)

37,188

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(8,183

)

37,186

SHAREHOLDERS' FUNDS

(8,181

)

37,188

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 27th September 2018 and were signed on its behalf by:

J D Croft - Director

1.	STATUTORY INFORMATION

Premiere Picture 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.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2017

2,341

Additions

134

At 31st December 2017

2,475

DEPRECIATION

At 1st January 2017

2,142

Charge for year

243

At 31st December 2017

2,385

NET BOOK VALUE

At 31st December 2017

90

At 31st December 2016

199

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2017

and 31st December 2017

1

NET BOOK VALUE

At 31st December 2017

1

At 31st December 2016

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Premiere Picture Services Limited

Registered office:

Nature of business: Business services and administration

%

Class of shares:

holding

1 Ordinary £1 Share

100.00

31.12.17

31.12.16

£

£

Aggregate capital and reserves

50,939

26,618

Profit/(loss) for the year

24,321

(1,155

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

40,000

-

Amounts owed by group undertakings

750,000

1,000,000

Other debtors

344,714

94,679

1,134,714

1,094,679

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

27,645

23,989

Taxation and social security

114,482

39,893

Other creditors

1,000,881

1,013,402

1,143,008

1,077,284

8.	RELATED PARTY DISCLOSURES

During the year the company charged Oak Agents Limited, a company under the same control, an amount of

£100,000 (2016 - £1,000,000). At the year end an amount of £100,000 (2016 - £1,000,000) remained owing.

During the year the company charged Premiere Picture Services Limited, a company under the same control, an

amount of £650,000 (2016 - £Nil). At the year end an amount of £650,000 (2016 - £Nil) remained owing.

At the year end an amount of £337,697 (2016 - £92,094) remained owing from a company which has come

under the same control since the year end.

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Premiere Capital Limited, whose ultimate controlling party for the

year ended 31st December was S M Rogers. Since 14th January 2017 the ultimate controlling party has been D

M Rogers.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Premiere Picture Limited for the year ended 31st December 2017 which comprise the Income

Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Premiere Picture Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Premiere Picture Limited and state those matters that we have agreed to state to the Board of Directors of Premiere Picture Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Premiere Picture Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Premiere Picture Limited. You consider that Premiere Picture Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Premiere Picture Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

JS&CO LLP

3rd Floor, Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

27th September 2018