Company registration number 07085640 (England and Wales)
MACINO ENTERTAINMENT HOLLYWOOD UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
PAGES FOR FILING WITH REGISTRAR
MACINO ENTERTAINMENT HOLLYWOOD UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MACINO ENTERTAINMENT HOLLYWOOD UK LIMITED (REGISTERED NUMBER: 07085640)
BALANCE SHEET
AS AT
30 NOVEMBER 2021
30 November 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,100
1,650
Current assets
-
-
Creditors: amounts falling due within one year
4
(381,757)
(381,757)
Net current liabilities
(381,757)
(381,757)
Net liabilities
(380,657)
(380,107)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(380,658)
(380,108)
Total equity
(380,657)
(380,107)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 November 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 4 October 2022
Mr M Macino
Director
MACINO ENTERTAINMENT HOLLYWOOD UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 2 -
1
Accounting policies
Company information
Macino Entertainment Hollywood UK Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
30 Orange Street, London, WC2H 7HF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £
1
.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
2
2
MACINO ENTERTAINMENT HOLLYWOOD UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 3 -
3
Tangible fixed assets
Computers
£
Cost
At 1 December 2020 and 30 November 2021
2,200
Depreciation and impairment
At 1 December 2020
550
Depreciation charged in the year
550
At 30 November 2021
1,100
Carrying amount
At 30 November 2021
1,100
At 30 November 2020
1,650
4
Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
381,757
381,757
5
Related party transactions
Included in Other Creditors is an amount due to the director in respect of cumulative loans and advances to the
company of £375,077 (20
20
- £37
5,077
).