Registered Number 08136318
10 THINGS FILMS LIMITED
30 July 2015
Notes to the Abbreviated Accounts for the period ended 30 July 2015
Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
At 31 July 2015 the company's balance sheet shows a negative profit and loss account. The directors have pledged their continued support to provide financial assistance to the company as required and as such believe it is appropriate to prepare the accounts on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, and to provide for any further liabilities that might arise, and to reclassify assets and long term liabilities as current assets and liabilities.
Other accounting policies
Fixed asset investments are stated at cost less provision for diminution in value.
2Fixed assets Investments
Cost as at 31 July 2014 - 1
Cost as at 30 July 2015 - 1
The company holds more than 20% of the share capital of the following companies:
10 Things Films LLC - USA - 100% of subsidiary shares held - capital and reserves 2015 (£41,151) - profit/loss for the year (£41,152)
4Transactions with directors
|Name of director receiving advance or credit:
|Description of the transaction:
||Directors loan account
|Balance at 31 July 2014:
|Advances or credits made:
|Advances or credits repaid:
|Balance at 30 July 2015: