Company Registration No. 02468538 (England and Wales)
GRANT NAYLOR PRODUCTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
PAGES FOR FILING WITH REGISTRAR
GRANT NAYLOR PRODUCTIONS LIMITED
COMPANY INFORMATION
Directors
L Armitage
R Grant
D Naylor
Secretary
L Armitage
Company number
02468538
Registered office
19 Portland Place
London
WIB 1PX
Accountants
OJK Limited
19 Portland Place
London
W1B 1PX
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 2016
31 December 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Property, plant and equipment
3
666
-
Current assets
Inventories
101,950
101,950
Trade and other receivables
4
343
1,861
Cash and cash equivalents
81,655
190,062
183,948
293,873
Current liabilities
5
(335,183)
(348,686)
Net current liabilities
(151,235)
(54,813)
Total assets less current liabilities
(150,569)
(54,813)
Equity
Called up share capital
6
100
100
Retained earnings
(150,669)
(54,913)
Total equity
(150,569)
(54,813)

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 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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 9 October 2017 and are signed on its behalf by:
L Armitage
Director
Company Registration No. 02468538
GRANT NAYLOR PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
- 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 19 Portland Place, London, WIB 1PX.

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 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 goods and 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, 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 .

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 .

 

GRANT NAYLOR PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
1
Accounting policies
(Continued)
- 3 -
1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 5 (2015 - 5).

3
Property, plant and equipment
Plant and machinery etc
£
Cost
At 1 January 2016
57,152
Additions
999
Disposals
(995)
At 31 December 2016
57,156
Depreciation and impairment
At 1 January 2016
57,152
Depreciation charged in the year
333
Eliminated in respect of disposals
(995)
At 31 December 2016
56,490
Carrying amount
At 31 December 2016
666
At 31 December 2015
-
4
Trade and other receivables
2016
2015
Amounts falling due within one year:
£
£
Other receivables
343
1,861
GRANT NAYLOR PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
- 4 -
5
Current liabilities
2016
2015
£
£
Trade payables
7,653
31,935
Other taxation and social security
7,525
25,495
Other payables
320,005
291,256
335,183
348,686
6
Called up share capital
2016
2015
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
100
100
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