Topham Productions Limited
Unaudited Financial Statements
For the year ended 31 December 2021
For Filing with Registrar
Company Registration No. 08729089 (England and Wales)
Topham Productions Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Topham Productions Limited
Balance Sheet
As at 31 December 2021
Page 1
2021
2020
Notes
£
£
£
£
Current assets
Debtors
3
100
100
Creditors: amounts falling due within one year
4
(30,000)
(30,000)
Net current liabilities
(29,900)
(29,900)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(30,000)
(30,000)
Total equity
(29,900)
(29,900)
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 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 23 December 2022 and are signed on its behalf by:
J Topham
Director
Company Registration No. 08729089
Topham Productions Limited
Notes to the Financial Statements
For the year ended 31 December 2021
Page 2
1
Accounting policies
Company information
Topham Productions Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
1st, 2nd & 3rd Floors, 37 Shelton Street, London, United Kingdom, WC2H 9HN.
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 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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At 31 December 2021 the company had net current liabilities of £29,900
true
which includes amounts due to a related party of £30,000
.
The directors have received sufficient confirmation and assurances that the
related party
will not demand repayment of the loan balances for a period of at least 12 months from the date of signing of these accounts. In addition, the shareholders will provide any financial support required to the company to enable it to continue to trade and to meet its liabilities as they fall due.
Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.
1.3
Profit and loss account
The company has not traded during the year or the preceding financial period. During
this time,
the company received no income and incurred no expenditure and therefore no
Profit and loss account
is presented
in these financial statements.
1.4
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Topham Productions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2021
1
Accounting policies
(Continued)
Page 3
1.7
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
2
2
3
Debtors
2021
2020
Amounts falling due within one year:
£
£
Unpaid share capital
100
100
4
Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
30,000
30,000
5
Share capital
2021
2020
£
£
Ordinary share capital
Issued and not fully paid
100 Ordinary Shares of £1 each
100
100
100
100
6
Related party transactions
At the year end there was an amount of £30,000 (2020: £30,000) owed to the director, J Topham.
Topham Productions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2021
Page 4
7
Ultimate controlling party
The directors consider that there is no single ultimate controlling party.