Cloudy Productions Limited
|
Registered number: |
05526373
|
Balance Sheet |
as at 31 December 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Current assets |
Debtors |
3 |
|
347,881 |
|
|
340,237 |
Cash at bank and in hand |
|
|
89,161 |
|
|
138,731 |
|
|
|
437,042 |
|
|
478,968 |
|
Creditors: amounts falling due within one year |
4 |
|
(150,740) |
|
|
(514,095) |
|
Net current assets/(liabilities) |
|
|
|
286,302 |
|
|
(35,127) |
|
Net assets/(liabilities) |
|
|
|
286,302 |
|
|
(35,127) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
286,301 |
|
|
(35,128) |
|
Shareholders' funds |
|
|
|
286,302 |
|
|
(35,127) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit 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 the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
C Schiffer |
Director |
Approved by the board on 30 June 2017
|
|
Cloudy Productions Limited
|
Notes to the Accounts |
for the year ended 31 December 2016
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
|
Turnover |
|
Turnover represents the invoiced value of services supplied by the company, net of value added tax.
|
|
|
Foreign currency translation |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
|
2 |
Turnover |
|
|
|
|
2016 |
|
2015 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Film production fees |
|
|
|
|
344,629 |
|
- |
|
Other income |
|
|
|
|
8,691 |
|
46,218 |
|
|
|
|
|
|
|
353,320 |
|
46,218 |
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2016 |
|
2015 |
£ |
£ |
|
|
Other debtors |
347,881 |
|
340,237 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
£ |
£ |
|
|
Other creditors |
73,999 |
|
514,095 |
|
|
|
|
|
|
|
|
|
|
5 |
Loans from director |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
C Schiffer
|
|
Loan (interest free)
|
(507,982) |
|
- |
|
435,000 |
|
(72,982) |
|
|
|
(507,982) |
|
- |
|
435,000 |
|
(72,982) |
|
|
|
|
|
|
|
|
|
|
6 |
Related party transactions |
|
|
|
|
|
|
2016 |
|
2015 |
£ |
£ |
|
Marv Eagle Productions Limited |
|
The company is a subsidiary of Marv Films Limited, a company |
|
controlled by the director and a member of the director's close |
|
family. |
|
During the year, Marv Eagle Productions Limited repaid an interest-free loan previously made to them by Cloudy Productions Ltd. |
|
Owed by Marv Eagle Productions Ltd |
|
- |
|
303,570 |
|
|
|
|
|
|
|
|
|
|
|
Marv Bespoke Productions Limited |
|
The company is ultimately controlled by the director and a member of the director's close family |
|
At the year end, Marv Bespoke Productions Limited owed Cloudy Productions Limited fees of £344,629
|
|
344,629 |
|
- |
|
|
|
|
|
|
|
|
|
|
7 |
Controlling party |
|
|
The company is controlled by C Schiffer by virtue of her 100% holding of the issued share capital of the company.
|
|
|
8 |
Other information |
|
|
Cloudy Productions Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
9 Clifford Street |
|
London |
|
W1S 2FT |