REGISTERED NUMBER: 02823395 (England and Wales)

HURRICANE PRODUCTIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C. Clarke

M. O'Hara

SECRETARY:

C. Clarke

REGISTERED OFFICE:

135/137, Station Road,

Chingford,

London

E4 6AG

REGISTERED NUMBER:

02823395 (England and Wales)

ACCOUNTANTS:

Findlay, Wetherfield, Scott & Co.

Chartered Accountants

135/137, Station Road,

Chingford,

London

E4 6AG

BANKERS:

HSBC Bank plc.,

9, Queen Square,

Wolverhampton,

West Midlands

WV1 1TE

FIXED ASSETS

Intangible assets

4

32,650

32,650

Tangible assets

5

2,389

7,047

35,039

39,697

CURRENT ASSETS

Debtors

6

65,473

42,238

Cash at bank and in hand

252

5,253

65,725

47,491

CREDITORS

Amounts falling due within one year

7

99,187

86,153

NET CURRENT LIABILITIES

(33,462

)

(38,662

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,577

1,035

PROVISIONS FOR LIABILITIES

237

721

NET ASSETS

1,340

314

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,240

214

SHAREHOLDERS' FUNDS

1,340

314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29th March 2019 and were signed on its behalf by:

C. Clarke - Director

M. O'Hara - Director

1.	STATUTORY INFORMATION

Hurricane Productions Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Scripts are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets

Scripts and scores are capitalised at the estimated cost of their production less those of editing and updating for

future productions. No depreciation is provided on that value on the basis that there is no diminution either for

future use or on any sale.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Scenery and costumes

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st July 2017

and 30th June 2018

32,650

NET BOOK VALUE

At 30th June 2018

32,650

At 30th June 2017

32,650

5.	TANGIBLE FIXED ASSETS

Scenery

Fixtures

and

Plant and

and

Motor

costumes

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st July 2017

34,760

22,301

18,200

23,663

98,924

Additions

-

-

724

-

724

Disposals

-

-

-

(3,427

)

(3,427

)

At 30th June 2018

34,760

22,301

18,924

20,236

96,221

DEPRECIATION

At 1st July 2017

31,495

20,414

17,681

22,287

91,877

Charge for year

2,305

1,052

653

532

4,542

Eliminated on disposal

-

-

-

(2,587

)

(2,587

)

At 30th June 2018

33,800

21,466

18,334

20,232

93,832

NET BOOK VALUE

At 30th June 2018

960

835

590

4

2,389

At 30th June 2017

3,265

1,887

519

1,376

7,047

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxes

20,123

-

Directors' current accounts

14,404

12,789

Prepayments

30,946

29,449

65,473

42,238

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

1,180

2,733

Trade creditors

15,692

13,773

Corporation tax

9,302

3,723

Social security and other taxes

12,626

6,879

Other creditors

482

-

Accruals and deferred income

59,905

59,045

99,187

86,153

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The balance owing by the directors at the balance sheet date was £14,404 (previous year - £12,789).

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £55,000 (2017 - £15,000) were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

The company has no controlling party, both directors holding 50% of the issued share capital.