4th Wall Productions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 09216999 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 15 SEPTEMBER 2014 TO 31 AUGUST 2015

FOR

4TH WALL PRODUCTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C Archard

B Archard

REGISTERED OFFICE:

Skyview House

10 St Neots Road

Sandy

Bedfordshire

SG19 1LB

REGISTERED NUMBER:

09216999 (England and Wales)

ACCOUNTANTS:

The Blue Skies Partnership

Skyview House

10 St Neots Road

Sandy

Bedfordshire

SG19 1LB

BANKERS:

HSBC Plc

105 Mount Pleasant

Tunbridge Wells

Kent

TN1 1QP

FIXED ASSETS

Tangible assets

2

29,878

CURRENT ASSETS

Debtors

3,806

Cash at bank

7,778

11,584

CREDITORS

Amounts falling due within one year

(12,225

)

NET CURRENT LIABILITIES

(641

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,237

CREDITORS

Amounts falling due after more than one year

(23,066

)

PROVISIONS FOR LIABILITIES

(5,934

)

NET ASSETS

237

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

227

SHAREHOLDERS' FUNDS

237

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 4 December 2015 and were signed on its behalf by:

B Archard - Director

C Archard - Director

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 and revenue recognition

Turnover represents fees received for work done during the period, excluding value added tax.

Fee income represents revenue earned under a wide variety of contracts to provide television and film services.

Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in

exchange for its performance under these contracts. It is measured at the fair value of the right to consideration,

which represents amounts chargeable to customers, including expenses and disbursements but excluding value

added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the

partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual

of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included

in debtors. Payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event

occurs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

31,920

At 31 August 2015

31,920

DEPRECIATION

Charge for period

2,042

At 31 August 2015

2,042

NET BOOK VALUE

At 31 August 2015

29,878

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

Ordinary

£1

10

10 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts of £14,094 were advanced interest free, and repayable on demand, to the directors during the period.

At the period end, £1,751 was owed by the directors to the company

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Archard.