Pirate Productions Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03084654 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

PIRATE PRODUCTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Annie Elizabeth Griffin

SECRETARY:

Ruth Jennifer Williams

REGISTERED OFFICE:

16 Churchill Way

Cardiff

CF10 2DX

REGISTERED NUMBER:

03084654 (England and Wales)

ACCOUNTANTS:

Stewart Gilmour & Co.,

Chartered Accountants

3rd Floor, St George's Buildings

5 St Vincent Place

Glasgow

G1 2DH

BANKERS:

Santander

Customer Service Centre

Bridle Road

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Tangible assets

4

697

-

CURRENT ASSETS

Debtors

5

1,434

1,915

Cash at bank

15,964

1,842

17,398

3,757

CREDITORS

Amounts falling due within one year

6

42,640

35,582

NET CURRENT LIABILITIES

(25,242

)

(31,825

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,545

)

(31,825

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(24,645

)

(31,925

)

SHAREHOLDERS' FUNDS

(24,545

)

(31,825

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 28 September 2018 and were signed by:

Annie Elizabeth Griffin - Director

1.	STATUTORY INFORMATION

Pirate Productions 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.

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the company will

continue in operational existence for the foreseeable future. At 31 December 2017 the company's current

liabilities, including £25,317 owed to its director, exceeded its current assets by £25,242. The company is thus

dependent on the continued financial support of its director and other creditors. The director is confident of

being able to maintain sufficient levels of financial support and of the company's long-term trading prospects

and on this basis considers it appropriate to prepare the financial statements on the going concern basis. The

financial statements do not include any adjustments that may be necessary on the withdrawal of financial

support.

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.

Fixtures and equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 3 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

equipment

£

COST

At 1 January 2017

9,504

Additions

871

At 31 December 2017

10,375

DEPRECIATION

At 1 January 2017

9,504

Charge for year

174

At 31 December 2017

9,678

NET BOOK VALUE

At 31 December 2017

697

At 31 December 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

PAYE recoverable

-

481

Amounts due from related companies

1,434

1,434

1,434

1,915

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Current corporation tax

9,141

5,643

Other creditors

33

-

Directors' current accounts

25,317

23,616

Accruals and deferred income

2,851

4,093

Value added tax payable

5,298

2,230

42,640

35,582

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 January 2017

(31,925

)

Profit for the year

35,301

Dividends

(28,021

)

At 31 December 2017

(24,645

)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Annie Elizabeth Griffin.