Company Registration No. 06244508 (England and Wales)
UNCONDITIONAL PICTURES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018
PAGES FOR FILING WITH REGISTRAR
UNCONDITIONAL PICTURES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
UNCONDITIONAL PICTURES LTD
BALANCE SHEET
AS AT
31 JULY 2018
31 July 2018
- 1 -
2018
2017
Notes
£
£
£
£
Current assets
Debtors
3
1,000
1,000
Creditors: amounts falling due within one year
4
(190,151)
(176,230)
Net current liabilities
(189,151)
(175,230)
Capital and reserves
Called up share capital
5
1,000
1,000
Profit and loss reserves
6
(190,151)
(176,230)
Total equity
(189,151)
(175,230)

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 July 2018 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 18 October 2019 and are signed on its behalf by:
Mr N Burkey
Director
Company Registration No. 06244508
UNCONDITIONAL PICTURES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018
- 2 -
1
Accounting policies
Company information

Unconditional Pictures Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Lower Third Floor, Evelyn Suite, Quantum House, 22-24 Red Lion Court, London, EC4A 3EB.

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.

1.2
Cash at bank and in hand

Cash and cash equivalents 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.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

UNCONDITIONAL PICTURES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2018
1
Accounting policies
(Continued)
- 3 -
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.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2017 - 1).

3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Other debtors
1,000
1,000
4
Creditors: amounts falling due within one year
2018
2017
£
£
Other creditors
190,151
176,230
UNCONDITIONAL PICTURES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2018
- 4 -
5
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
6
Profit and loss reserves
2018
2017
£
£
At the beginning of the year
(176,230)
(150,981)
Loss for the year
(13,921)
(25,249)
At the end of the year
(190,151)
(176,230)
7
Directors' transactions

Dividends totalling £0 (2017 - £0) were paid in the year in respect of shares held by the company's directors.

At the balance sheet date and included within Other Creditors, the company owed £176,015 (2017: £163,999) to Ms D MacDonald and owed £12,396 (2017: £10,490) to Mr N Burkey, the directors and shareholders of the company.

8
Parent company

The controlling parties are the directors.

2018-07-31 2017-08-01 false 19 October 2019 CCH Software CCH Accounts Production 2019.301 No description of principal activity Mr N Burkey Ms D MacDonald 06244508 2017-08-01 2018-07-31 06244508 2018-07-31 06244508 2017-07-31 06244508 core:CurrentFinancialInstruments 2018-07-31 06244508 core:CurrentFinancialInstruments 2017-07-31 06244508 core:ShareCapital 2018-07-31 06244508 core:ShareCapital 2017-07-31 06244508 core:RetainedEarningsAccumulatedLosses 2018-07-31 06244508 core:RetainedEarningsAccumulatedLosses 2017-07-31 06244508 core:RetainedEarningsAccumulatedLosses 2017-07-31 06244508 core:RetainedEarningsAccumulatedLosses 2016-07-31 06244508 bus:Director1 2017-08-01 2018-07-31 06244508 core:WithinOneYear 2018-07-31 06244508 core:WithinOneYear 2017-07-31 06244508 2016-08-01 2017-07-31 06244508 bus:PrivateLimitedCompanyLtd 2017-08-01 2018-07-31 06244508 bus:SmallCompaniesRegimeForAccounts 2017-08-01 2018-07-31 06244508 bus:FRS102 2017-08-01 2018-07-31 06244508 bus:AuditExemptWithAccountantsReport 2017-08-01 2018-07-31 06244508 bus:Director2 2017-08-01 2018-07-31 06244508 bus:FullAccounts 2017-08-01 2018-07-31 xbrli:pure xbrli:shares iso4217:GBP