Buena Onda Limited - Limited company - abbreviated - 11.0.0
Buena Onda Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 31 March 2015 |
| for |
| Buena Onda Limited |
| Buena Onda Limited (Registered number: 04696487) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Buena Onda Limited |
| Company Information |
| for the Year Ended 31 March 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Buena Onda Limited (Registered number: 04696487) |
| Abbreviated Balance Sheet |
| 31 March 2015 |
| 31.3.15 | 31.3.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Buena Onda Limited (Registered number: 04696487) |
| Abbreviated Balance Sheet - continued |
| 31 March 2015 |
| The financial statements were approved by the Board of Directors on by: |
| Buena Onda Limited (Registered number: 04696487) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Film rights |
| Payments to acquire film rights are included as stocks at cost and are written off so as to match them with |
| corresponding income from film rights in the profit and loss account. |
| Film development costs |
| The costs of developing film assets are included as stocks at cost whenever as there is a reasonable expectation |
| that the relevant films will be produced. The costs are written off in the profit and loss account when it is no |
| longer expected that the relevant films will be produced, and are otherwise written off with corresponding income |
| in the profit and loss account. |
| Development funding |
| Where funding is received from third parties and repayment is conditional on the production and exploitation of |
| film assets it is included in creditors. Whenever there is reasonable expectation that such funding will never be |
| repayable it is credited to the profit and loss account. |
| Going Concern |
| The financial statements have been prepared under the going concern concept which is reliant upon the continued |
| support of the company's loan creditors. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| Charge for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| Buena Onda Limited (Registered number: 04696487) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
| value: | £ | £ |
| Ordinary | £1 |