REGISTERED NUMBER: 07140799 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

7TH REEL PICTURES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Cotton

T Ludlam

REGISTERED OFFICE:

Canada House

272 Field End Road

Ruislip

Middlesex

HA4 9NA

REGISTERED NUMBER:

07140799 (England and Wales)

ACCOUNTANTS:

Diverset Limited

Chartered Accountants

Canada House

272 Field End Road

Eastcote

Ruislip

Middlesex

HA4 9NA

CURRENT ASSETS

Cash at bank

-

421

CREDITORS

Amounts falling due within one year

9,286

9,010

NET CURRENT LIABILITIES

(9,286

)

(8,589

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,286

)

(8,589

)

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

(9,288

)

(8,591

)

SHAREHOLDERS' FUNDS

(9,286

)

(8,589

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 December 2014 and were signed on its behalf by:

T Ludlam - Director

J Cotton - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company intends to cease trading at the year end and as such the financial statements have been prepared on a

breakup basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2