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No description of principal activities is disclosed
2018-01-01
Sage Accounts Production 18.30 - FRS
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2018-01-01
2018-12-31
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2018-12-31
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2017-12-31
08766310
2017-01-01
2017-12-31
08766310
2017-12-31
08766310
2016-12-31
08766310
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2018-01-01
2018-12-31
08766310
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2018-01-01
2018-12-31
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2018-01-01
2018-12-31
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2017-12-31
08766310
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2018-12-31
08766310
core:ShareCapital
2017-01-01
2017-12-31
08766310
core:RetainedEarningsAccumulatedLosses
2017-01-01
2017-12-31
08766310
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2018-01-01
2018-12-31
08766310
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2018-12-31
08766310
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2017-12-31
08766310
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2018-12-31
08766310
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2017-12-31
08766310
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2018-12-31
08766310
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2017-12-31
08766310
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2016-12-31
08766310
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2016-12-31
08766310
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2017-12-31
08766310
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2018-12-31
08766310
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2018-12-31
08766310
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2018-12-31
08766310
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2017-12-31
08766310
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2017-12-31
08766310
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2017-12-31
08766310
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2018-12-31
08766310
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2016-12-31
08766310
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2017-12-31
08766310
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2017-12-31
08766310
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2018-12-31
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2018-12-31
Company registration number:
08766310
Fred Film Production Limited
Unaudited filleted financial statements
31 December 2018
Fred Film Production Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Fred Film Production Limited
Directors and other information
|
|
|
|
Director
|
A J Spring
|
|
|
|
|
|
|
|
Company number
|
08766310
|
|
|
|
|
|
|
|
Registered office
|
Oak Lodge Great Bedwyn
|
|
|
Marlborough
|
|
|
Wiltshire
|
|
|
SN8 3LY
|
|
|
|
|
|
|
|
Accountants
|
Charlton Baker Limited
|
|
|
7-7c Snuff Street
|
|
|
Devizes
|
|
|
Wiltshire
|
|
|
SN10 1DU
|
|
|
|
Fred Film Production Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Fred Film Production Limited
Year ended 31 December 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fred Film Production Limited for the year ended 31 December 2018 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.
Our work has been undertaken in accordance with the ICAEW Technical Release 07/16 AAF.
Charlton Baker Limited
Chartered Accountants and Business Advisors
7-7c Snuff Street
Devizes
Wiltshire
SN10 1DU
Fred Film Production Limited
Statement of financial position
31 December 2018
|
|
|
2018
|
|
|
|
2017
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
5
|
1,149
|
|
|
|
688
|
|
|
Investments
|
|
6
|
302
|
|
|
|
1
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
1,451
|
|
|
|
689
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
7
|
149,708
|
|
|
|
33,061
|
|
|
Cash at bank and in hand
|
|
|
86,751
|
|
|
|
62,693
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
236,459
|
|
|
|
95,754
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
8
|
(
133,710)
|
|
|
|
(
95,699)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current assets
|
|
|
|
|
102,749
|
|
|
|
55
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
104,200
|
|
|
|
744
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities
|
|
|
|
|
(
207)
|
|
|
|
(
124)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net assets
|
|
|
|
|
103,993
|
|
|
|
620
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
102
|
|
|
|
102
|
Profit and loss account
|
|
|
|
|
103,891
|
|
|
|
518
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders funds
|
|
|
|
|
103,993
|
|
|
|
620
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
31 August 2019
, and are signed on behalf of the board by:
A J Spring
Director
Company registration number:
08766310
Fred Film Production Limited
Statement of changes in equity
Year ended 31 December 2018
|
|
Called up share capital
|
|
Profit and loss account
|
Total
|
|
|
|
|
|
|
|
£
|
|
£
|
£
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 January 2017
|
|
100
|
|
53,509
|
53,609
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year
|
|
|
|
42,009
|
42,009
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
Total comprehensive income for the year
|
|
-
|
|
42,009
|
42,009
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of shares
|
|
2
|
|
|
2
|
|
|
|
|
|
Dividends paid and payable
|
|
|
|
(
95,000)
|
(
95,000)
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
Total investments by and distributions to owners
|
|
2
|
|
(
95,000)
|
(
94,998)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
At 31 December 2017 and 1 January 2018
|
|
102
|
|
518
|
620
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year
|
|
|
|
284,042
|
284,042
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
Total comprehensive income for the year
|
|
-
|
|
284,042
|
284,042
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable
|
|
|
|
(
180,669)
|
(
180,669)
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
Total investments by and distributions to owners
|
|
-
|
|
(
180,669)
|
(
180,669)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
At 31 December 2018
|
|
102
|
|
103,891
|
103,993
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fred Film Production Limited
Notes to the financial statements
Year ended 31 December 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oak Lodge Great Bedwyn, Marlborough, Wiltshire, SN8 3LY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.Revenue from the rendering of film services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment
|
-
|
15 %
|
reducing balance
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2017:
2
).
5.
Tangible assets
|
|
Fixtures, fittings and equipment
|
Total
|
|
|
|
|
|
|
|
£
|
£
|
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
|
At 1 January 2018
|
1,656
|
1,656
|
|
|
|
|
|
|
Additions
|
714
|
714
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
At 31 December 2018
|
2,370
|
2,370
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 January 2018
|
968
|
968
|
|
|
|
|
|
|
Charge for the year
|
253
|
253
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
At 31 December 2018
|
1,221
|
1,221
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 31 December 2018
|
1,149
|
1,149
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
At 31 December 2017
|
688
|
688
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Investments
|
|
Shares in group undertakings and participating interests
|
Total
|
|
|
|
|
|
|
£
|
£
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
At 1 January 2018
|
1
|
1
|
|
|
|
|
|
Additions
|
301
|
301
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
At 31 December 2018
|
302
|
302
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Impairment
|
|
|
|
|
|
|
|
At 1 January 2018 and 31 December 2018
|
-
|
-
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
At 31 December 2018
|
302
|
302
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
At 31 December 2017
|
1
|
1
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2018
|
2017
|
|
|
|
£
|
£
|
|
Trade debtors
|
|
18,127
|
181
|
|
Other debtors
|
|
131,581
|
32,880
|
|
|
|
_______
|
_______
|
|
|
|
149,708
|
33,061
|
|
|
|
_______
|
_______
|
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2018
|
2017
|
|
|
|
£
|
£
|
|
Trade creditors
|
|
600
|
600
|
|
Social security and other taxes
|
|
87,809
|
27,569
|
|
Other creditors
|
|
45,301
|
67,530
|
|
|
|
_______
|
_______
|
|
|
|
133,710
|
95,699
|
|
|
|
_______
|
_______
|
|
|
|
|
|
9.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2018
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the director
|
Amounts repaid
|
Balance o/standing
|
|
|
|
|
£
|
£
|
£
|
£
|
|
|
|
A J Spring
|
12,202
|
312,954
|
(
199,164)
|
125,992
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
2017
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the director
|
Amounts repaid
|
Balance o/standing
|
|
|
|
|
£
|
£
|
£
|
£
|
|
|
|
A J Spring
|
45,917
|
61,285
|
(
95,000)
|
12,202
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
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Interest is charged at a rate of 2.5% on any overdrawn balances. Total interest of £899 (31 December 2017 1,247) was charged on the loan during the year.