Company Registration No. 08254129 (England and Wales)
CASA-D PRODUCTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
PAGES FOR FILING WITH REGISTRAR
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 2017
31 December 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
153,159
Tangible assets
4
14,132
19,437
Current assets
Debtors
5
110,965
287,725
Cash at bank and in hand
473,950
213,024
584,915
500,749
Creditors: amounts falling due within one year
6
(84,542)
(90,693)
Net current assets
500,373
410,056
Total assets less current liabilities
514,505
582,652
Capital and reserves
Called up share capital
7
1,100
1,100
Share premium account
870,897
870,897
Profit and loss reserves
(357,492)
(289,345)
Total equity
514,505
582,652
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 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their 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 by the board of directors and authorised for issue on 26 September 2018 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 2017
- 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
180 Great Portland Street, London, W1W 5QZ.
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.
1.2
Turnover
Turnover represents amounts receivable for music recording and royalties net of VAT.
1.3
Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated
amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which 5 years.
Goodwill is now been fully amortised.
1.4
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
Fixtures, fittings & equipment
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
.
1.5
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
.
1.6
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 2017
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2016 - 2).
3
Intangible fixed assets
Intellectual property
£
Cost
At 1 January 2017 and 31 December 2017
835,410
Amortisation and impairment
At 1 January 2017
682,251
Amortisation charged for the year
153,159
At 31 December 2017
835,410
Carrying amount
At 31 December 2017
-
At 31 December 2016
153,159
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2017
56,818
Additions
7,321
At 31 December 2017
64,139
Depreciation and impairment
At 1 January 2017
37,380
Depreciation charged in the year
12,627
At 31 December 2017
50,007
Carrying amount
At 31 December 2017
14,132
At 31 December 2016
19,437
CASA-D PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
- 4 -
5
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
3,098
1,308
Other debtors
107,867
286,417
110,965
287,725
6
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
9,755
1,372
Corporation tax
49,535
60,583
Other taxation and social security
-
3,446
Other creditors
25,252
25,292
84,542
90,693