Registration number:
for the
Year Ended
From A Jack To A King Limited
Contents
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From A Jack To A King Limited
(Registration number: 08395798)
Abbreviated Balance Sheet at 28 February 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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- |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' deficit |
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Approved by the Board on
.........................................
Mr Edward Alan Thomas
Director
1
From A Jack To A King Limited
(Registration number: 08395798)
Abbreviated Balance Sheet at 28 February 2015
......... continued
.........................................
Mr Maldwyn Lloyd Pope
Director
2
From A Jack To A King Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
To finance the production of the film From A Jack to A King, Swansea City FC Limited have made unsecured interest free advances to the company of £1,200,000, of which £1,161,150.42 remains outstanding at 28th February 2015.
The directors are confident that future sales will be sufficient to enable the company to meet its liabilities as they fall due. Future profits will be allocated to repayment of the outstanding advances.
The directors of Swansea City FC Limited have agreed that repayments will be limited to future profits from the sale of the film rights of From A Jack to A King.
As a consequence of the above agreement the directors are confident that the company will be able to meet its other liabilities as and when they fall due. As a result they have adopted the going concern basis.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Deferred tax
Debtors
Corporate tax credit included as othe debtors represents the Film tax credit based on eligible enhanced production exepnditure.
Creditors
Other creditors comprises of interest free advances from Swansea City FC Limited, with no set trems of repayments.
From A Jack To A King Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 March 2014 |
1,000 |
1,000 |
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At 28 February 2015 |
1,000 |
1,000 |
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Depreciation |
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At 1 March 2014 |
200 |
200 |
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Charge for the year |
200 |
200 |
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At 28 February 2015 |
400 |
400 |
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Net book value |
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At 28 February 2015 |
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At 28 February 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Control |
YJB Films Limited (incorporated in England and Wales) is regarded by the directors as being the company's ultimate parent company.