Abbreviated Company Accounts - 10 THINGS FILMS LIMITED

Abbreviated Company Accounts - 10 THINGS FILMS LIMITED


Registered Number 08136318

10 THINGS FILMS LIMITED

Abbreviated Accounts

30 July 2015

10 THINGS FILMS LIMITED Registered Number 08136318

Abbreviated Balance Sheet as at 30 July 2015

Notes 2015 2014
£ £
Fixed assets
Investments 2 1 1
1 1
Current assets
Debtors 3,394,886 3,438,289
Cash at bank and in hand 1,272 1,778
3,396,158 3,440,067
Creditors: amounts falling due within one year (10,779) (29,009)
Net current assets (liabilities) 3,385,379 3,411,058
Total assets less current liabilities 3,385,380 3,411,059
Total net assets (liabilities) 3,385,380 3,411,059
Capital and reserves
Called up share capital 3 13,913 13,913
Share premium account 3,557,522 3,557,522
Profit and loss account (186,055) (160,376)
Shareholders' funds 3,385,380 3,411,059
  • For the year ending 30 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 October 2016

And signed on their behalf by:
G Smith, Director

10 THINGS FILMS LIMITED Registered Number 08136318

Notes to the Abbreviated Accounts for the period ended 30 July 2015

1Accounting Policies

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
Investments
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)

3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
13,913Ordinary shares of £1 each 13,913 13,913

4Transactions with directors

Name of director receiving advance or credit: Gary Smith
Description of the transaction: Directors loan account
Balance at 31 July 2014: £ 2,530
Advances or credits made: -
Advances or credits repaid: -
Balance at 30 July 2015: £ 2,530