Split Prism Media Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 10181146 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2017

for

SPLIT PRISM MEDIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M C Stevens

M C Young

SECRETARY:

L K Macara

REGISTERED OFFICE:

3rd Floor

14 Floral Street

London

WC2E 9DH

REGISTERED NUMBER:

10181146 (England and Wales)

ACCOUNTANTS:

Shipleys LLP

Chartered Accountants

5 Godalming Business Centre

Woolsack Way

Godalming

Surrey

GU7 1XW

FIXED ASSETS

Investments

3

100

-

CURRENT ASSETS

Stocks

267,688

-

Debtors

4

80,209

1

Cash at bank

4,550,145

-

4,898,042

1

CREDITORS

Amounts falling due within one year

5

30,329

-

NET CURRENT ASSETS

4,867,713

1

TOTAL ASSETS LESS CURRENT LIABILITIES

4,867,813

1

CAPITAL AND RESERVES

Called up share capital

6

497,157

1

Share premium

4,500,518

-

Retained earnings

(129,862

)

-

SHAREHOLDERS' FUNDS

4,867,813

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 June 2018 and were signed on its behalf by:

M C Stevens - Director

1.	STATUTORY INFORMATION

Split Prism Media Limited is a private company, limited by shares ,

registered in England and Wales. The company's registered number and

registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared in Sterling, which is the functional and

presentational currency of the entity.

Significant judgements and estimates

The preparation of financial statements under FRS 102 requires the Company

to make estimates and assumptions that affect the application of policies

and reported amounts. Estimates and judgements are continually evaluated

and are based on historical experience and other factors including

expectations of future events that are believed to be reasonable under the

circumstances. Actual results may differ from these estimates. The

estimates and assumptions which have a risk of causing a material

adjustment to the carrying amount of assets and liabilities are discussed

below.

The directors have considered the above and do not believe that there are

any estimates or assumptions which have a significant effect on the amounts

recognised in the financial statements that require disclosure.

Stocks

Stock is stated at the lower of cost and net realisable value. Cost

comprises expenditure in respect of the

development and production of television programmes or films. Net

realisable value is the expected selling price or other cumulative income

stream that is prudently anticipated from a programme after taking account

of costs of completion and bringing it to market.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date. Deferred tax assets

and liabilities are calculated at the tax rates expected to be effective at

the time the timing differences are expected to reverse. Deferred tax

assets and liabilities are not discounted.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently

stated at cost less any accumulated

impairment losses.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 30 September 2017

100

NET BOOK VALUE

At 30 September 2017

100

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

80,209

1

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

30,329

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

4,971,564

A Ordinary shares

£0.10

497,156

-

10

B Ordinary shares

£0.10

1

1

497,157

1

Details of the various share rights attached to each type of share capital

is included in the Articles of Association.

7.	RELATED PARTY DISCLOSURES

No transactions were undertaken with related parties as such that are

required to be disclosed under FRS 102.