Generation Films Limited - Limited company - abbreviated - 11.9

Generation Films Limited - Limited company - abbreviated - 11.9

GENERATION FILMS LIMITED - Company Information

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REGISTERED NUMBER: 07119282 (England and Wales)














Abbreviated Unaudited Accounts

for the Year Ended 31 January 2015

for

Generation Films Limited

Generation Films Limited (Registered number: 07119282)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Generation Films Limited

Company Information
for the Year Ended 31 January 2015







DIRECTORS: Sir B Zissman
N D Mackay
G Morrow





SECRETARY: City Tower Secretarial Services Ltd





REGISTERED OFFICE: Trafalgar House
261 Alcester Road South
Kings Heath
Birmingham
West Midlands
B14 6DT





REGISTERED NUMBER: 07119282 (England and Wales)
Page 1
Generation Films Limited (Registered number: 07119282)

Abbreviated Balance Sheet
31 January 2015

31.1.15 31.1.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 117,237 117,237

CURRENT ASSETS
Cash at bank 619 619

CREDITORS
Amounts falling due within one year 31,548 31,548
NET CURRENT LIABILITIES (30,929 ) (30,929 )
TOTAL ASSETS LESS CURRENT LIABILITIES 86,308 86,308

CREDITORS
Amounts falling due after more than one year 126,163 126,163
NET LIABILITIES (39,855 ) (39,855 )

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account (39,856 ) (39,856 )
SHAREHOLDERS' FUNDS (39,855 ) (39,855 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 28 October 2015 and were signed on its behalf by:





Sir B Zissman - Director


The notes form part of these abbreviated accounts

Page 2
Generation Films Limited (Registered number: 07119282)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the going concern basis, the validity of which depends upon the ability of the company
to meet its obligations as they fall due. At 31 January 2015 the company's total liabilities exceeded total assets by £39,789. Due to the
nature of the business, the company is dependent on the financial support of its Investors of £126,163 that are included in long term
liabilities. The director believes this financial support will continue to be available for the foreseeable future. The financial statements do
not include any adjustments that would result from a withdrawal of this support.

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).

The company was dormant throughout the year ended 31 January 2015. However, reference to information relating to the year ended
31 January 2014 has been made where appropriate.

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

Intangible fixed assets
The company has deferred production costs to future periods. The Directors consider that there is a defined project that is technically
feasible and is commercially viable.The aggregate of the deferred costs and further development costs and related production, selling
and administration costs are reasonably expected to be exceeded by related future income. The costs will be amortised when the
commercial production has commence to generate income.This will be on a systematic basis to the accounting period by reference to the
expected sales. The deferred costs will be reviewed at the end of each accounting period and if the justification is considered doubtful
the expenditure will be written off immediately.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014
and 31 January 2015 117,237
NET BOOK VALUE

At 31 January 2015 117,237
At 31 January 2014 117,237

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.15 31.1.14
value: £    £   
1 Ordinary £1 1 1

Page 3