Company Registration No. 08915716 (England and Wales)
12TH BATTALION PRODUCTIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
12TH BATTALION PRODUCTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
12TH BATTALION PRODUCTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
124,055
-
Tangible assets
2
98,239
-
222,294
-
Current assets
Debtors
5,411
-
Cash at bank and in hand
37,154
100
42,565
100
Creditors: amounts falling due within one year
3
(161,660)
-
Net current liabilities/(assets)
(119,095)
100
Total assets less current liabilities
103,199
100
Creditors: amounts falling due after more than one year
(9,191)
-
94,008
100
Capital and reserves
Called up share capital
4
12,500
100
Share premium account
157,467
-
Profit and loss account
(75,959)
-
Shareholders' funds
94,008
100
12TH BATTALION PRODUCTIONS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
29 FEBRUARY 2016
29 February 2016
- 2 -
For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 November 2016
Mr D Reynolds
Director
Company Registration No. 08915716
12TH BATTALION PRODUCTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Computer equipment
33.3% straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 March 2015
-
-
-
Additions
124,055
109,966
234,021
At 29 February 2016
124,055
109,966
234,021
Depreciation
At 1 March 2015
-
-
-
Charge for the year
-
11,727
11,727
At 29 February 2016
-
11,727
11,727
Net book value
At 29 February 2016
124,055
98,239
222,294
12TH BATTALION PRODUCTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 4 -
3
Creditors: amounts falling due within one year
Included within other creditors due with one year is an amount of £160,063 which is in respect of cash funds received in advance of a share issue which occurred on 13/03/2016.
On the 13/03/2016, the company undertook an EIS share issue for 2,206 £1 ordinary shares at £90.66 per share.
Following this share issue and on the same day, the share capital was subdivided from £1.00 ordinary shares to £0.01 ordinary shares therefore, the revised share structure was 1,470,600 ordinary shares valued at £0.01 per share.
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
12,500 ordinary shares of £1 each
12,500
100