Company Registration No. 09356564 (England and Wales)
TARA FINNEY PRODUCTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 DECEMBER 2018
PAGES FOR FILING WITH REGISTRAR
TARA FINNEY PRODUCTIONS LTD
COMPANY INFORMATION
Director
Ms T Finney
Company number
09356564
Registered office
C/o The Anthology Group
51-52 Frith Street
London
W1D 4SH
Accountants
Theataccounts Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
TARA FINNEY PRODUCTIONS LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
TARA FINNEY PRODUCTIONS LTD
ENTERTAINMENT ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TARA FINNEY PRODUCTIONS LTD FOR THE YEAR ENDED 27 DECEMBER 2018
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tara Finney Productions Ltd for the year ended 27 December 2018 which comprise, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
It is your duty to ensure that Tara Finney Productions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and loss of Tara Finney Productions Ltd. You consider that Tara Finney Productions Ltd is exempt from the statutory audit
requirement for the year.
Theataccounts Limited
20 December 2019
Entertainment Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
TARA FINNEY PRODUCTIONS LTD
BALANCE SHEET
AS AT 27 DECEMBER 2018
27 December 2018
- 2 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
3
255
-
Current assets
Debtors
4
15,307
15,472
Cash at bank and in hand
9,418
18,078
24,725
33,550
Creditors: amounts falling due within one year
5
(20,886)
(23,223)
Net current assets
3,839
10,327
Total assets less current liabilities
4,094
10,327
Capital and reserves
Called up share capital
6
10
10
Profit and loss reserves
4,084
10,317
Total equity
4,094
10,327
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 27 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he director acknowledges her 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 and signed by the director and authorised for issue on 20 December 2019
Ms T Finney
Director
Company Registration No. 09356564
TARA FINNEY PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 DECEMBER 2018
- 3 -
1
Accounting policies
Company information
Tara Finney Productions Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
C/o The Anthology Group, 51-52 Frith Street, London, W1D 4SH.
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.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from contracts for the provision of services is recognised by reference to the stage of completion
and
whe
re
the
amount of revenue can be measured reliably.
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:
Computer equipment
33% on cost
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
TARA FINNEY PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 DECEMBER 2018
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2017 - 1).
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 29 December 2017
-
Additions
380
At 27 December 2018
380
Depreciation and impairment
At 29 December 2017
-
Depreciation charged in the year
125
At 27 December 2018
125
Carrying amount
At 27 December 2018
255
At 28 December 2017
-
TARA FINNEY PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 DECEMBER 2018
- 5 -
4
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
1,350
-
Corporation tax recoverable
13,957
12,142
Other debtors
-
3,330
15,307
15,472
5
Creditors: amounts falling due within one year
2018
2017
£
£
Other taxation and social security
4,429
191
Other creditors
16,457
23,032
20,886
23,223
6
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
10 Ordinary of £1 each
10
10