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Unaudited Financial Statements for the Year Ended 30 September 2017 |
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Sanctuary Management Productions Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 September 2017 |
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for |
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Sanctuary Management Productions Limited |
Sanctuary Management Productions Limited (Registered number: 01588892) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Sanctuary Management Productions Limited |
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Company Information |
for the Year Ended 30 September 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Sanctuary Management Productions Limited (Registered number: 01588892) |
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Balance Sheet |
30 September 2017 |
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30.9.17 | 30.9.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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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. |
Sanctuary Management Productions Limited (Registered number: 01588892) |
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Balance Sheet - continued |
30 September 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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Sanctuary Management Productions Limited (Registered number: 01588892) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2017 |
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1. | STATUTORY INFORMATION |
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Sanctuary Management Productions Limited is a
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registered in England and Wales. The company's registered number and registered office |
address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 30 September 2017 are the first that are |
prepared in accordance with FRS 102 Section 1A. The previous financial statements were |
prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is |
1 October 2015. |
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There are no transitional adjustments from FRSSE (effective January 2015) for the period |
ending 30 September 2016 to FRS 102 Section 1A for the year ending 30 September 2017. |
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Preparation of consolidated financial statements |
The financial statements contain information about Sanctuary Management Productions |
Limited as an individual company and do not contain consolidated financial information as |
the parent of a group. The company has taken the option under Section 398 of the |
Companies Act 2006 not to prepare consolidated financial statements. |
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Turnover |
Turnover comprises income from copyright royalties recognised when received or when |
contractually receivable when the quantum of the receipt is known and there is a reasonable |
expectation that payment will be received. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive |
income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that |
have been enacted or substantively enacted by the balance sheet date. |
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Sanctuary Management Productions Limited (Registered number: 01588892) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in |
periods different from those in which they are recognised in financial statements. Deferred |
tax is measured using tax rates and laws that have been enacted or substantively enacted |
by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it |
is probable that they will be recovered against the reversal of deferred tax liabilities or other |
future taxable profits. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of |
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated |
into sterling at the rate of exchange ruling at the date of transaction. Exchange differences |
are taken into account in arriving at the operating result. |
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Cash flow statement |
The directors have taken advantage of the exemption from including a cash flow statement |
in the financial statements on the grounds that the company is small. |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 October 2016 |
and 30 September 2017 |
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NET BOOK VALUE |
At 30 September 2017 |
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At 30 September 2016 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.17 | 30.9.16 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Sanctuary Management Productions Limited (Registered number: 01588892) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.17 | 30.9.16 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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6. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of |
Ireland', not to disclose related party transactions with wholly owned subsidiaries within the |
group. |
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Phantom Music Management Ltd |
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A company in which A J Taylor and R C Smallwood are directors. |
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A J Taylor and R C Smallwood are also shareholders of the company. |
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At the balance sheet date Phantom Music Management Ltd owes the company £413,317 |
(2016: £399,903). The amount is classified as a current debtor and is repayable on |
demand, no interest is charged on the amount. |
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Twilight Zone Management Ltd |
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A company in which A Taylor is a director and shareholder. |
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R Smallwood is also a shareholder of the company. |
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At the balance sheet date the company owes Twilight Zone Management Ltd £7,500 (2016 |
£7,500). The amount is classified as a current creditor and is repayable on demand, no |
interest is charged on the amount. |
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Geales Restaurant Ltd |
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A company in which A Taylor is a director, as at the date of the report. A Taylor resigned as |
a director of the company on the 15 January 2018. |
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As at the balance sheet date there is a loan balance of £200,000 due from Geales |
Restaurant Ltd (2016: £200,000). The amount is classified as a current debtor and is |
repayable on demand, no interest is charged on the amount. |
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7. | ULTIMATE CONTROLLING PARTY |
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Control is shared equally between R C Smallwood and A J Taylor by way of share |
ownership. |