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
£ £
Fixed assets
Investments 2 1 1
1 1
Current assets
Debtors 3,396,255 3,394,886
Cash at bank and in hand - 1,272
3,396,255 3,396,158
Creditors: amounts falling due within one year (15,482) (10,779)
Net current assets (liabilities) 3,380,773 3,385,379
Total assets less current liabilities 3,380,774 3,385,380
Total net assets (liabilities) 3,380,774 3,385,380
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 (190,661) (186,055)
Shareholders' funds 3,380,774 3,385,380
  • 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 28 April 2017

And signed on their behalf by:
Mr G Smith, Director

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
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Other accounting policies
Revenue recognition
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
Fixed 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

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
13,913Ordinary shares of £1 each 13,913 13,913