Registered Number 08136318
10 THINGS FILMS LIMITED
30 July 2016
Notes to the Abbreviated Accounts for the period ended 30 July 2016
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
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 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