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 2016
10 THINGS FILMS LIMITED Registered Number 08136318
Abbreviated Balance Sheet as at 30 July 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Investments | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Share premium account |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 30 July 2016 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
And signed on their behalf by:
10 THINGS FILMS LIMITED Registered Number 08136318
Notes to the Abbreviated Accounts for the period ended 30 July 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Despite the fact that the company has made a loss as at 31 July 2016, the Directors are of the opinion that sufficient funding is available to the company by investments after the year end. The accounts have therefore been prepared on a going concern basis.
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).
Valuation information and policy
Fixed asset investments are stated at cost less provision for diminution in value.
Other accounting policies
Revenue is recognised as earned when, and to the extent that, the company obtains the right to
consideration in exchange for its services of film production.
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the
treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2Fixed assets Investments
Cost as at 31 July 2014 - 1
Cost as at 31 July 2015 - 1
The company holds more than 20% of the share capital of the following companies;
10 Things Films LLC - USA - 100% Subsidary shares held - capital and reserve 2015 (£41,151) - profit/loss for the year £41,151