Whistle Pig Ltd
Unaudited Financial Statements
For Filing with Registrar
For the year ended 31 December 2020
Company Registration No. 09326884 (England and Wales)
Whistle Pig Ltd
Company Information
Directors
T Minchin
D Rubin
M Warchus
Company number
09326884
Registered office
Charlotte Building
17 Gresse Street
London
W1T 1QL
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
Business address
c/o Playful Entertainment Ltd
7 Savoy Court
London
WC2R 0EX
Whistle Pig Ltd
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
Whistle Pig Ltd
Balance Sheet
As at 31 December 2020
Page 1
2020
2019
Notes
£
£
£
£
Current assets
Debtors
4
1,190
1,787
Cash at bank and in hand
5,178
27,435
6,368
29,222
Creditors: amounts falling due within one year
5
(121,991)
(120,095)
Net current liabilities
(115,623)
(90,873)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(115,723)
(90,973)
Total equity
(115,623)
(90,873)
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 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 18 December 2021 and are signed on its behalf by:
M Warchus
Director
Company Registration No. 09326884
Whistle Pig Ltd
Statement of Changes in Equity
For the year ended 31 December 2020
Page 2
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2019
100
(52,708)
(52,608)
Period ended 31 December 2019:
Loss and total comprehensive income for the period
-
(38,265)
(38,265)
Balance at 31 December 2019
100
(90,973)
(90,873)
Period ended 31 December 2020:
Loss and total comprehensive income for the period
-
(24,750)
(24,750)
Balance at 31 December 2020
100
(115,723)
(115,623)
Whistle Pig Ltd
Notes to the Financial Statements
For the year ended 31 December 2020
Page 3
1
Accounting policies
Company information
Whistle Pig Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Charlotte Building, 17 Gresse Street, London, W1T 1QL.
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
pound
.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
As the company has ceased to trade after the production was fully closed these accounts have been prepared on a basis other than that of a going concern.
1.3
Cash and cash equivalents
Cash at bank and in hand
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.
1.4
Financial instruments
The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic instruments measured at fair value.
Basic financial assets
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 unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including
creditors
, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities.
Trade creditors
are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
Whistle Pig Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2020
1
Accounting policies
(Continued)
Page 4
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.6
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 are included in the
profit and loss account
for the period.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was: 0
(2019: 0).
Key management personnel includes all the directors of the company who have authority and responsibility for planning, directing and controlling the activities of the company.
3
Financial instruments
2020
2019
£
£
Carrying amount of financial liabilities
Measured at amortised cost
121,991
120,095
4
Debtors
2020
2019
Amounts falling due within one year:
£
£
Other debtors
1,190
1,787
5
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
5,074
3,539
Other creditors
113,707
113,706
Accruals and deferred income
3,210
2,850
121,991
120,095
Whistle Pig Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2020
Page 5
6
Called up share capital
2020
2019
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
100
100
7
Related party transactions
As at the balance sheet date the company owed £5,000 (2019: £5,000) to a a director of Whistle Pig Ltd.
Prawle Point Productions Ltd
A company controlled by a director of Whistle Pig Ltd.
As at the balance sheet date the company owed Prawle Point Productions Ltd £12,000 (2019: £12,000).
8
Ultimate controlling party
There is no controlling party.