STUBBORN HEART FILMS (HEART OF SOUL PRODUCTIONS) LIMITED
REGISTERED NUMBER:
07723526
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
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CREDITORS:
amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act")
and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 April 2016 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by
:
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E Constantine
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The notes on page 2 form part of these financial statements.
Page 1
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STUBBORN HEART FILMS (HEART OF SOUL PRODUCTIONS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
1.
ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015)
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Turnover comprises revenues receivable from film exploitation exclusive of Value Added Tax and trade discounts.
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The costs of producing the films are recorded as a current asset. This cost is being amortised to the profit and loss account over the period in which the rights to the relevant film are being exploited by the company.
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the profit and loss account.
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2.
CREDITORS:
Amounts falling due within one year
Other creditors include an amount of £324,131 (2014: £393,783) which has been secured by a charge on the film being produced by the company. The charge also covers any sums held to the credit of the company in certain nominated bank accounts.
3.
SHARE CAPITAL
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Allotted, called up and fully paid
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1,099
Ordinary A
shares of £
1
each
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338,981
Ordinary B
shares of £
1
each
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4.
CONTROLLING PARTY
During the period, the company was under the control of E Constantine, a director of the company.
Page 2
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