ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

ZENTROPA FILM ADMINISTRATION LIMITED - Company Information

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ZENTROPA FILM ADMINISTRATION LIMITED


Company registration number SC227522


FILING FINANCIAL STATEMENTS


FOR THE YEAR ENDED 31 DECEMBER 2019






























 
ZENTROPA FILM ADMINISTRATION LIMITED
 

CONTENTS



Page
Company Information
1
Statement of Financial Position
2
Notes to the Financial Statements
3 - 4


 
ZENTROPA FILM ADMINISTRATION LIMITED
 
 
COMPANY INFORMATION


Directors
Sarah Ann Wells 
Anders Serup Kjaerhauge 




Company secretary
Scott-Moncrieff



Registered number
SC227522



Registered office
25 Bothwell Street

Glasgow

G2 6NL




Accountants
Scott-Moncrieff

25 Bothwell Street

Glasgow

G2 6NL




1
 
ZENTROPA FILM ADMINISTRATION LIMITED
REGISTERED NUMBER:SC227522

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2019

2019
2018
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
198
3

Cash at bank and in hand
  
1,796
520

  
1,994
523

Creditors: amounts falling due within one year
 5 
(5,049)
(5,864)

Net current liabilities
  
 
 
(3,055)
 
 
(5,341)

Total assets less current liabilities
  
(3,055)
(5,341)

  

Net liabilities
  
(3,055)
(5,341)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(3,056)
(5,342)

  
(3,055)
(5,341)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of Section 1A 'Small Entities' of Financial Reporting Standard 102.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

As permitted by Section 444 of the Companies Act 2006, the directors have not delivered to the Registrar a copy of the company’s statement of income and retained earnings for the year ended 31 December 2019.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:


................................................
Sarah Ann Wells
Director

Date: 24 March 2020

The notes on pages 3 to 4 form part of these financial statements.

2

 
ZENTROPA FILM ADMINISTRATION LIMITED
 
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1.


General information

The financial statements are presented in Pounds Sterling (GBP) as that is the currency in which the company's transactions are denominated. They comprise the financial statements of the company drawn up for the year ended 31 December 2019.
The continuing activity of Zentropa Film Administration Limited ('the company') is film production.
The company is a private company limited by shares incorporated in the United Kingdom and registered in Scotland. Details of the registered office can be found on the company information page of these financial statements. The company registration number is SC227522.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with applicable law and United Kingdom Accounting Standards including Section 1A 'Small Entities' of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice applicable to Small Entities).
The preparation of financial statements in compliance with Section 1A ‘Small Entities’ of FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company accounting policies.
The following principal accounting policies have been applied:

 
2.2

Going concern

The company has net liabilities in the current and previous year. The company has the support of its parent undertaking which will continue to allow the ongoing liabilities of the company to be met. Consequently the directors have considered a period of at least twelve months from the date on which these financial statements have been signed and, having considered all relevant information available to them, believe it is appropriate to prepare the financial statements on a going concern basis.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3

 
ZENTROPA FILM ADMINISTRATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

2.Accounting policies (continued)

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2018 - 2).


4.


Debtors

2019
2018
£
£


Other debtors
3
3

Prepayments
195
-

198
3



5.


Creditors: Amounts falling due within one year

2019
2018
£
£

Trade creditors
9
464

Accruals and deferred income
5,040
5,400

5,049
5,864


 
4