Company Registration No. 08254129 (England and Wales)
CASA-D PRODUCTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
PAGES FOR FILING WITH REGISTRAR
CASA-D PRODUCTIONS LTD
COMPANY INFORMATION
Directors
M Draws
Mrs D Draws
(Appointed 8 September 2017)
Company number
08254129
Registered office
19 Portland Place
London
W1B 1PX
Accountants
OJK Limited
19 Portland Place
London
W1B 1PX
Business address
19 Portland Place
London
W1B 1PX
CASA-D PRODUCTIONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CASA-D PRODUCTIONS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
153,159
320,241
Tangible assets
4
19,437
27,335
Current assets
Debtors
5
287,725
240,459
Cash at bank and in hand
213,024
705,673
500,749
946,132
Creditors: amounts falling due within one year
6
(90,693)
(159,678)
Net current assets
410,056
786,454
Total assets less current liabilities
582,652
1,134,030
Capital and reserves
Called up share capital
7
1,100
1,100
Share premium account
870,897
870,897
Profit and loss reserves
(289,345)
262,033
Total equity
582,652
1,134,030
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act 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 by the board of directors and authorised for issue on 29 September 2017 and are signed on its behalf by:
M Draws
Director
Company Registration No. 08254129
CASA-D PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
- 2 -
1
Accounting policies
Company information
Casa-D Productions Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
19 Portland Place, London, W1B 1PX.
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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
These financial statements for the year ended 31 December 2016
are the
first
financial statements of Casa-D Productions Ltd prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 January 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Turnover
Turnover represents amounts receivable for music recording and royalties net of VAT.
1.3
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:
Plant and machinery
at 20% per annum on cost
Websites
at 25% per annum on cost
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
.
1.4
Financial instruments
The company
only
has
basic
financial instruments.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method
.
Basic financial liabilities, including creditors, bank loans
and
loans from
fellow group companies
.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
CASA-D PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2015 - 3).
3
Intangible fixed assets
Intellectual property
£
Cost
At 1 January 2016 and 31 December 2016
835,410
Amortisation and impairment
At 1 January 2016
515,169
Amortisation charged for the year
167,082
At 31 December 2016
682,251
Carrying amount
At 31 December 2016
153,159
At 31 December 2015
320,241
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2016
53,285
Additions
3,533
At 31 December 2016
56,818
Depreciation and impairment
At 1 January 2016
25,950
Depreciation charged in the year
11,431
At 31 December 2016
37,381
Carrying amount
At 31 December 2016
19,437
At 31 December 2015
27,335
CASA-D PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
- 4 -
5
Debtors
2016
2015
Amounts falling due within one year:
£
£
Trade debtors
1,308
2,823
Other debtors
286,417
237,636
287,725
240,459
6
Creditors: amounts falling due within one year
2016
2015
£
£
Trade creditors
1,372
11,075
Corporation tax
60,583
34,416
Other taxation and social security
3,446
745
Other creditors
25,292
113,442
90,693
159,678
7
Called up share capital
2016
2015
£
£
Ordinary share capital
Issued and fully paid
1,100 Ordinary shares of £1 each
1,100
1,100
1,100
1,100