The Special Treats Production Company - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02144909 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2018

for

THE SPECIAL TREATS PRODUCTION COMPANY

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

C D Burrows

Ms M D Marcus

SECRETARY:

C D Burrows

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

02144909 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon CR0 0YN

FIXED ASSETS

Tangible assets

4

86,271

76,487

CURRENT ASSETS

Debtors

5

2,135,154

1,938,169

Cash at bank and in hand

939,099

406,230

3,074,253

2,344,399

CREDITORS

Amounts falling due within one year

6

603,313

372,183

NET CURRENT ASSETS

2,470,940

1,972,216

TOTAL ASSETS LESS CURRENT LIABILITIES

2,557,211

2,048,703

PROVISIONS FOR LIABILITIES

11,653

8,700

NET ASSETS

2,545,558

2,040,003

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,545,458

2,039,903

SHAREHOLDERS' FUNDS

2,545,558

2,040,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 26th September 2019 and were signed on its behalf by:

C D Burrows - Director

1.	STATUTORY INFORMATION

The Special Treats Production Company 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company continues to provide broadcasting services to the film, television and entertainment industries.

The directors monitor cash flow on a regular basis and believe that the business has sufficient resources for the

foreseeable future. As a result, the going concern basis of accounting has been adopted.

Turnover

Turnover represents services provided during the year, whether invoiced or to be invoiced, excluding value

added tax.

Tangible fixed assets

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

Leasehold property and improvements

-

in accordance with the lease

Fixtures and fittings

-

20% on reducing balance

Taxation

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

Retained Earnings, 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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

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 19 (2017 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

property

Fixtures

and

and

improvements

fittings

Totals

£

£

£

COST

At 1st January 2018

6,083

446,900

452,983

Additions

-

31,498

31,498

At 31st December 2018

6,083

478,398

484,481

DEPRECIATION

At 1st January 2018

608

375,888

376,496

Charge for year

1,217

20,497

21,714

At 31st December 2018

1,825

396,385

398,210

NET BOOK VALUE

At 31st December 2018

4,258

82,013

86,271

At 31st December 2017

5,475

71,012

76,487

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

1,660,354

1,209,858

Other debtors

430,235

429,070

Sundry debtors and prepayments

44,565

299,241

2,135,154

1,938,169

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

224,868

224,517

Tax

170,262

73,788

Social security and other taxes

43,575

39,639

VAT

16,893

16,289

Directors' current accounts

88

87

Accruals and deferred income

147,627

17,863

603,313

372,183

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.18

31.12.17

£

£

Within one year

138,357

113,700

Between one and five years

345,892

397,950

484,249

511,650

8.	RELATED PARTY DISCLOSURES

Other debtors comprise a loan of £405,235 (2017 - £404,070) due from Gulf Coast Clays Inc., a US company

owned by C D Burrows.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is C D Burrows.

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

Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income 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 The Special Treats Production Company Limited for the year ended 31st December 2018 which

comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Special Treats Production Company 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 The Special Treats Production Company Limited and state those matters that we have agreed to state to the Board of Directors of The Special Treats Production Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Special Treats Production Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Special Treats Production Company 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 profit of The Special Treats Production Company Limited. You consider that The Special Treats Production Company 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 The Special Treats Production Company 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.

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon CR0 0YN

26th September 2019