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Registration number: 08395798

FROM A JACK TO A KING LIMITED

 
trading as From A Jack To A King Limited

 

 
Annual Report and Unaudited Abbreviated Accounts
 

 
for the Year Ended 29 February 2016
 

DRP + Co Accountants Limited
Upper Floor
6 St John's Court
Swansea Enterprise Park
Swansea
C & C Of Swansea
SA6 8QQ

 

FROM A JACK TO A KING LIMITED
trading as From A Jack To A King Limited
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

 

FROM A JACK TO A KING LIMITED
trading as From A Jack To A King Limited
(Registration number: 08395798)
Abbreviated Balance Sheet at 29 February 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

400

   

600

 

Current assets

 

             

Debtors

 

   

52,802

   

264,894

 

Cash at bank and in hand

 

   

71,515

   

24,666

 
   

   

124,317

   

289,560

 

Creditors: Amounts falling due within one year

 

   

(952,511)

   

(12,517)

 

Net current (liabilities)/assets

 

   

(828,194)

   

277,043

 

Total assets less current liabilities

 

   

(827,794)

   

277,643

 

Creditors: Amounts falling due after more than one year

 

   

-

   

(1,161,151)

 

Provisions for liabilities

 

   

(120)

   

(120)

 

Net liabilities

 

   

(827,914)

   

(883,628)

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

(828,014)

   

(883,728)

 

Shareholders' deficit

 

   

(827,914)

   

(883,628)

 

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 29 November 2016 and signed on its behalf by:

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

 

FROM A JACK TO A KING LIMITED
trading as From A Jack To A King Limited
(Registration number: 08395798)
Abbreviated Balance Sheet at 29 February 2016
......... continued

.........................................
Mr Leigh Andrew John DINEEN
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

FROM A JACK TO A KING LIMITED
trading as From A Jack To A King Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

To finance the production of the film From a Jack to a King, Swansea City Association Football Club Limited made unsecured interest free advances to the company totaling £1,200,000, of which £891,702 remains outstanding as at 29th February 2016.

The directors of Swansea City Association Football Club Limited have agreed that repayment will be limited to the future profits arising from the exploitation of the rights to From a Jack to a King.

As a consequence of the above agreement the directors are confident that the company will be able to meet it's other liabilities as and when they fall due. Accordingly the dircetors have adopted the going concern basis for preparing these financial statements.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

20% straightline method

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

 

FROM A JACK TO A KING LIMITED
trading as From A Jack To A King Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 March 2015

 

1,000

   

1,000

 

At 29 February 2016

 

1,000

   

1,000

 

Depreciation

           

At 1 March 2015

 

400

   

400

 

Charge for the year

 

200

   

200

 

At 29 February 2016

 

600

   

600

 

Net book value

           

At 29 February 2016

 

400

   

400

 

At 28 February 2015

 

600

   

600

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
                         

4

Control

The company is controlled by YJB Films Limited.