Company Registration No. 02468538 (England and Wales)
GRANT NAYLOR PRODUCTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
PAGES FOR FILING WITH REGISTRAR
GRANT NAYLOR PRODUCTIONS LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
GRANT NAYLOR PRODUCTIONS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2017
31 December 2017
- 1 -
2017
2016
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
3
333
666
Current assets
Inventories
101,950
101,950
Trade and other receivables
4
17,981
343
Cash and cash equivalents
54,219
81,655
174,150
183,948
Current liabilities
5
(205,089)
(335,183)
Net current liabilities
(30,939)
(151,235)
Total assets less current liabilities
(30,606)
(150,569)
Equity
Called up share capital
6
100
100
Retained earnings
(30,706)
(150,669)
Total equity
(30,606)
(150,569)

The directors of the company have elected not to include a copy of the income statement 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 28 September 2018 and are signed on its behalf by:
Ms L Armitage
Director
Company Registration No. 02468538
GRANT NAYLOR PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
- 2 -
1
Accounting policies
Company information

Grant Naylor Productions Limited 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 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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The financial statements have been prepared on a going concern basis which assumes the continuing financial support of the directors and related companies.

1.2
Revenue

Turnover represents amounts receivable for television production services net of Value Added Tax.

1.3
Property, plant and equipment

Property, plant and equipment 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:

Fixtures, fittings & equipment
Straight line over three years

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 .

1.4
Work in progress

Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Provision is made for amounts likely to prove irrecoverable.

1.5
Financial instruments

The company only has basic financial instruments.

 

Basic financial assets

Basic financial assets, which include trade and other receivables 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 .

GRANT NAYLOR PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction .

 

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 5 (2016 - 5).

3
Property, plant and equipment
Plant and machinery etc
£
Cost
At 1 January 2017 and 31 December 2017
57,156
Depreciation and impairment
At 1 January 2017
56,490
Depreciation charged in the year
333
At 31 December 2017
56,823
Carrying amount
At 31 December 2017
333
At 31 December 2016
666
4
Trade and other receivables
2017
2016
Amounts falling due within one year:
£
£
Trade receivables
3,293
-
Other receivables
14,688
343
17,981
343
GRANT NAYLOR PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
- 4 -
5
Current liabilities
2017
2016
£
£
Trade payables
9,397
7,653
Corporation tax
316
-
Other taxation and social security
8,353
7,525
Other payables
187,023
320,005
205,089
335,183
6
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
100
100
2017-12-31 2017-01-01 false CCH Software CCH Accounts Production 2018.220 No description of principal activity 28 September 2018 Ms L Armitage Mr R Grant Mr D Naylor Mr C Armitage Mr P Jackson L Armitage 02468538 2017-01-01 2017-12-31 02468538 2017-12-31 02468538 2016-12-31 02468538 core:OtherPropertyPlantEquipment 2017-12-31 02468538 core:OtherPropertyPlantEquipment 2016-12-31 02468538 core:CurrentFinancialInstruments 2017-12-31 02468538 core:CurrentFinancialInstruments 2016-12-31 02468538 core:ShareCapital 2017-12-31 02468538 core:ShareCapital 2016-12-31 02468538 core:RetainedEarningsAccumulatedLosses 2017-12-31 02468538 core:RetainedEarningsAccumulatedLosses 2016-12-31 02468538 core:ShareCapitalOrdinaryShares 2017-12-31 02468538 core:ShareCapitalOrdinaryShares 2016-12-31 02468538 bus:CompanySecretaryDirector1 2017-01-01 2017-12-31 02468538 core:FurnitureFittings 2017-01-01 2017-12-31 02468538 core:OtherPropertyPlantEquipment 2016-12-31 02468538 core:OtherPropertyPlantEquipment 2017-01-01 2017-12-31 02468538 bus:OrdinaryShareClass1 2017-01-01 2017-12-31 02468538 bus:OrdinaryShareClass1 2017-12-31 02468538 bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 02468538 bus:FRS102 2017-01-01 2017-12-31 02468538 bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 02468538 bus:SmallCompaniesRegimeForAccounts 2017-01-01 2017-12-31 02468538 bus:Director1 2017-01-01 2017-12-31 02468538 bus:Director2 2017-01-01 2017-12-31 02468538 bus:Director3 2017-01-01 2017-12-31 02468538 bus:Director4 2017-01-01 2017-12-31 02468538 bus:Director5 2017-01-01 2017-12-31 02468538 bus:CompanySecretary1 2017-01-01 2017-12-31 02468538 bus:FullAccounts 2017-01-01 2017-12-31 xbrli:pure xbrli:shares iso4217:GBP