Gerry Anderson Productions Accounts 2010

COMPANY REGISTRATION NUMBER 04676500
GERRY ANDERSON PRODUCTIONS PLC

GROUP FINANCIAL STATEMENTS
31 MARCH 2010
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2010
CONTENTS PAGE
Officers and professional advisers 1
Notice of annual general meeting 2
Directors' statement 3
The directors' report 4
Independent auditor's report to the shareholders 6
Profit and loss account 8
Group balance sheet 9
Balance sheet 10
Group cash flow statement 11
Notes to the financial statements 13

OFFICERS AND PROFESSIONAL ADVISERS
The board of directors N D Jealous

T J Ricketts
Company Secretary T J Ricketts
Registered office 1 Sovereign Court

8 Graham Street
Birmingham
B1 3JR
Auditor Shipleys LLP

Chartered Accountants
& Statutory Auditors
10 Orange Street
Haymarket
London
WC2H 7DQ
Solicitors Macfarlanes LLP

10 Norwich Street
London
EC4A 1BD
Bankers Royal Bank of Scotland PLC

79/83 Colmore Row
Birmingham
B3 2AP
Coutts & Co.

440 Strand
London
WC2R 0QS
Registrars Margetts Fund Management Ltd

1 Sovereign Court
8 Graham Street
Birmingham
B1 3JR
-1-
NOTICE OF MEETING
NOTICE is hereby given that the ANNUAL GENERAL MEETING of Gerry Anderson Productions plc
will be held at the Plough & Harrow Hotel, 135 Hagley Road Edgbaston, Birmingham B16 8LS on 28
September 2010 at 2.30pm for the following purposes:
1 To receive and adopt the directors’ report and accounts for the period ended 31 March 2010.
2 To re-appoint Shipleys LLP as auditors of the Company.
3 To fix the remuneration of Shipleys LLP as auditors.
By Order of the Board
Notes
A member entitled to attend and vote at the meeting may appoint one or more proxies to attend and,
on a poll, to vote on his/her behalf. A proxy need not be a member of the company.
A form of proxy is enclosed. To be valid it should be completed and returned so as to reach the
Company’s Registrars, Margetts Fund Management Ltd, 1 Sovereign Court, 8 Graham Street,
Birmingham B1 3JR not less than 48 hours before the time fixed for the meeting. Completion of a form
of proxy does not preclude a member from subsequently attending and voting in person.
The register of directors’ interest will be available, for inspection by members, at the registered office
of the company during usual business hours on any weekday (public holidays excepted), from the
date of this notice until the date of the Annual General Meeting and at the place of the meeting, from
2pm until the conclusion thereof.
Change of Address
Members are requested to advise Margetts Fund Management Ltd, 1 Sovereign Court, 8 Graham
Street, Birmingham B1 3JR of any change of address.
-2-
DIRECTORS' STATEMENT
This is the seventh year of trading for Gerry Anderson Productions Plc (GAP) and the directors’ report
is below.
The group produced the series entitled ‘Gerry Anderson’s New Captain Scarlet’ which was partly
funded through a loan provided by Coutts & Co. The terms of the loan required repayment by 30
September 2007.
In the previous statement we reported that trading conditions were poor and consequently the group
was unable to repay the Coutts & Co loan on the agreed date. Unfortunately this remains the case and
GAP has been unable to repay the loan although it has been reduced as a result of income received.
Since this time Coutts & Co have been willing to allow GAP to continue to trade with a view to
ultimately recovering the loan position and have not exercised their right regarding assets charged by
the company to Coutts.
Sony BMG agreed to relinquish their distribution rights so that Regent could be appointed as the new
international distributor for all territories with the exception of the UK and Ireland. Following a
protracted period of discussion and negotiation both Coutts & Co and Gerry Anderson agreed to the
new appointment. Regent were formally appointed on 09 March 2010.
We have made arrangements for all available materials to be delivered to Regent from Sony at which
point they will be in a position to sell licenses to interested parties. Regent are confident that sales will
be made. It is important to be realistic and therefore we expect it will take some time to re-establish
the brand and there is no guarantee of success.
Coutts & Co have a charge over all assets owned by GAP and could take possession of GAP’s assets
in order to recover monies owed to them at any time. It is our understanding that Coutts & Co are
prepared to allow a reasonable amount of time for Regent to make sales before they consider
enforcing their rights.
Clearly the group is in a distressed position and there is no guarantee that we will be able to continue
trading for the next twelve month period.
Toby Ricketts (Managing Director)

Nigel Jealous
-3-
THE DIRECTORS' REPORT
The directors present their report and the financial statements of the group for the year ended
31 March 2010.
PRINCIPAL ACTIVITIES AND GROUP BUSINESS REVIEW

The principal activity of the group during the year was the provision of funding for the production of
The New Captain Scarlet. A detailed review of the business is contained in the Directors' Statement.
RESULTS AND DIVIDENDS

The profit for the year amounted to £324,823 (2009 : £94,775). The directors have not recommended
a dividend.
FUTURE PROSPECTS
Clearly the group is in a distressed position and there is no guarantee that we will be able to continue
trading for the next twelve month period.
FINANCIAL INSTRUMENTS
The group's principal financial instruments comprise bank balances (both cash and loans) and trade
debtors. The main purpose of these instruments is to raise funds for and to finance the group's
operations.
In respect of bank balances the liquidity risk is managed by maintaining a balance sufficient to meet
the funds required for the group's operations. Trade debtors are managed in respect of credit and
cash flow risk by ensuring that fees are collected when due.
The group considers the wider business risk facing the group as well as the financial risks arising in
the normal course of business and sets policies for managing each of these risks to minimise potential
adverse effects on the group's performance.
DIRECTORS
The directors who served the company throughout the year were:
T. J. Ricketts
N. D. Jealous
POLICY ON THE PAYMENT OF CREDITORS

The group's current policy and practice concerning the payment of suppliers is to settle terms of
payment when agreeing the terms of the transaction, to ensure that the suppliers are aware of the
terms and to abide by the agreed terms. The creditor days at 31 March 2010 were 0 days (2009: 0).
DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Directors’ Report and the financial statements in
accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year which give
a true and fair view of the state of affairs of the company and of the group and of the profit or loss of
the group for that year. In preparing those financial statements, the directors are required to:
select suitable accounting policies, as described on page 13, and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the group will continue in business.
-4-
THE DIRECTORS' REPORT (continued)
The directors are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the group and to enable them to ensure that the financial
statements comply with the Companies Act 2006. The directors are also responsible for safeguarding
the assets of the group and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
In so far as the directors are aware:
there is no relevant audit information of which the group's auditors are unaware; and
the directors have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors are aware of that information.
AUDITOR
Shipleys LLP has indicated its willingness to remain in office and in accordance with Section 489 of
the Companies Act 2006, a resolution to re-appoint them as auditors of the company is to be proposed
at the forthcoming Annual General Meeting.
Registered office: Signed by order of the directors

1 Sovereign Court
8 Graham Street
Birmingham
B1 3JR
T J Ricketts
Director
Approved by the directors on 3 September 2010
-5-
INDEPENDENT AUDITOR'S REPORT TO THE SHAREHOLDERS OF GERRY
ANDERSON PRODUCTIONS PLC
We have audited the group and parent company financial statements ("the financial statements") of
Gerry Anderson Productions plc for the year ended 31 March 2010. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
This report is made solely to the company's shareholders, as a body, in accordance with Chapter 3 of
Section 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to
the company's shareholders those matters we are required to state to them in an auditor's report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility
to anyone other than the company and the company's shareholders as a body, for our audit work, for
this report, or for the opinions we have formed.
RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND AUDITOR

As explained more fully in the Directors' Responsibilities Statement set out on pages 4 to 5, the
directors are responsible for the preparation of the financial statements and for being satisfied that
they give a true and fair view. Our responsibility is to audit the financial statements in accordance with
applicable law and International Standards on Auditing (UK and Ireland). Those standards require us
to comply with the Auditing Practices Board's (APB's) Ethical Standards for Auditors.
SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS

An audit involves obtaining evidence about the amounts and disclosures in the financial statements
sufficient to give reasonable assurance that the financial statements are free from material
misstatement, whether caused by fraud or error. This includes an assessment of: whether the
accounting policies are appropriate to the group's and the parent company's circumstances and have
been consistently applied and adequately disclosed; the reasonableness of significant accounting
estimates made by directors; and the overall presentation of the financial statements.
OPINION ON FINANCIAL STATEMENTS

In our opinion the financial statements:
give a true and fair view of the state of the group's and parent company's affairs as at
31 March 2010 and of the group's result for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion the information given in the Directors' Report for the financial year for which the financial
statements are prepared is consistent with the financial statements.
-6-
INDEPENDENT AUDITOR'S REPORT TO THE SHAREHOLDERS OF
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

We have nothing to report in respect of the following matters where the Companies Act 2006 requires
us to report to you if, in our opinion:
adequate accounting records have not been kept by the parent company, or returns adequate for
our audit have not been received from branches not visited by us; or
the parent company financial statements are not in agreement with the accounting records and
returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
GUY FISHER (Senior Statutory

Auditor)
For and on behalf of
SHIPLEYS LLP
10 Orange Street Chartered Accountants
Haymarket & Statutory Auditor
London
WC2H 7DQ
3 September 2010
-7-
GROUP PROFIT AND LOSS ACCOUNT
2010 2009
Note £ £
TURNOVER 2 10,958 380,677
Cost of sales (166,667) (166,667)

-------------------------------------------- -----------------------------------------------
GROSS (LOSS)/PROFIT (155,709) 214,010
Administrative expenses 502,009 (5,460)

------------------------------------------- ------------------------------------------
OPERATING PROFIT 3 346,300 208,550
Interest receivable 931 132

Interest payable and similar charges 5 (22,408) (113,907)
----------------------------------------------- -----------------------------------------------
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION 324,823 94,775
Tax on profit on ordinary activities 6 - -

------------------------------------------------ -------------------------------------------
PROFIT FOR THE FINANCIAL YEAR 7 324,823 94,775
============================================== =========================================
All of the activities of the group are classed as continuing.
The group has no recognised gains or losses other than the results for the
year as set out above.
The company has taken advantage of section 408 of the Companies Act 2006
not to publish its own Profit and Loss Account.
The notes on page 8 form part of these financial statements.
-8-
GROUP BALANCE SHEET
31 MARCH 2010
2010 2009
Note £ £ £
FIXED ASSETS
Investments 8 - -
--------------------------------
CURRENT ASSETS
Production advances 9 1,999,999 2,166,666
Debtors 10 5,102 908
Cash at bank 47 443
---------------------------------------------- ----------------------------------------------
2,005,148 2,168,017
CREDITORS: Amounts falling due within one year 11 (1,450,738) (1,938,430)
---------------------------------------------- ----------------------------------------------
NET CURRENT ASSETS 554,410 229,587
---------------------------------------------- ----------------------------------------------
TOTAL ASSETS LESS CURRENT LIABILITIES 554,410 229,587
---------------------------------------------- ----------------------------------------------
554,410 229,587
============================================== ==============================================
CAPITAL AND RESERVES

Called-up equity share capital 13 17,231,582 17,231,582
Share premium account 14 1,197,224 1,197,224
Profit and loss account 14 (17,874,396) (18,199,219)
---------------------------------------------- ----------------------------------------------
SHAREHOLDERS' FUNDS 15 554,410 229,587
============================================== ==============================================
These financial statements were approved by the directors and authorised for issue on the 3
September 2010 and are signed on their behalf by:
.......................... ..........................
T J RICKETTS N D JEALOUS
-9-
BALANCE SHEET
31 MARCH 2010
2010 2009
Note £ £ £
FIXED ASSETS
Investments 8 100 100
------------------------- --------------------------------
CURRENT ASSETS
Production advances 9 1,999,999 2,166,666
Debtors 10 5,102 908
Cash at bank 38 208
---------------------------------------------- ----------------------------------------------
2,005,139 2,167,782
CREDITORS: Amounts falling due within one year 11 (1,450,738) (1,936,900)
---------------------------------------------- ----------------------------------------------
NET CURRENT ASSETS 554,401 230,882
---------------------------------------------- ----------------------------------------------
TOTAL ASSETS LESS CURRENT LIABILITIES 554,501 230,982
---------------------------------------------- ----------------------------------------------
554,501 230,982
============================================== ==============================================
CAPITAL AND RESERVES

Called-up equity share capital 13 17,231,582 17,231,582
Share premium account 14 1,197,224 1,197,224
Profit and loss account 14 (17,874,305) (18,197,824)
---------------------------------------------- ----------------------------------------------
SHAREHOLDERS' FUNDS 554,501 230,982
============================================== ==============================================
These financial statements were approved by the directors and authorised for issue on the 3
September 2010 and are signed on their behalf by:
.......................... ..........................
T J RICKETTS N D JEALOUS
- 10 -
GROUP CASH FLOW STATEMENT
2010 2009
£ £ £
NET CASH INFLOW FROM OPERATING ACTIVITIES 1,355,661 377,584
RETURNS ON INVESTMENTS AND

SERVICING OF FINANCE
Interest received 931 133
Interest paid (22,408) (113,907)
---------------------------- ----------------------------
NET CASH (OUTFLOW) FROM RETURNS ON
INVESTMENTS AND SERVICING OF FINANCE (21,477) (113,774)
------------------------------------------ ------------------------------------------
CASH INFLOW / (OUTFLOW) BEFORE FINANCING (1,334,184) 266,810
FINANCING
Decrease in bank loans (1,350,934) (269,921)
------------------------------------------ ------------------------------------------
NET CASH OUTFLOW FROM FINANCING (1,350,934) (269,921)
------------------------------------------ ------------------------------------------
(DECREASE) IN CASH (16,746) (6,111)
========================================== ==========================================
RECONCILIATION OF OPERATING LOSS TO NET CASH (OUTFLOW) FROM

OPERATING ACTIVITIES
2010 2009
£ £
Operating profit 346,300 208,551
Decrease in production advances 166,667 166,667
(Increase) / decrease in debtors (4,194) 15,543
Increase / (decrease) in creditors 846,888 (16,340)
Fall in value of investments - 3,163
------------------------------------------ ------------------------------------------
Net cash inflow from operating activities 1,355,661 377,584
========================================== ==========================================
- 11 -
GROUP CASH FLOW CASH FLOW STATEMENT (continued)
RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT
2010 2009
£ £ £
(Decrease) in cash in the year (16,746) (6,111)
Net cash outflow from bank loans 1,350,930 269,921

------------------------------------------ ------------------------------------------
1,334,184 263,810
------------------------------------------ ------------------------------------------
Change in net debt 16 1,334,184 263,810
Net debt at 1 April 2009 16 (1,930,354) (2,194,164)

------------------------------------------ ------------------------------------------
Net debt at 31 March 2010 16 596,170 (1,930,354)
========================================== ==========================================
- 12 -
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2010
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in
accordance with applicable accounting standards.
Basis of consolidation
The consolidated financial statements incorporate the financial statements of the company and
all group undertakings. These are adjusted, where appropriate, to conform to group accounting
policies. Acquisitions are accounted for under the acquisition method and goodwill on
consolidation is capitalised and written off over five years from the year of acquisition. The results
of companies acquired or disposed of are included in the profit and loss account after or up to the
date that control passes respectively. As a consolidated profit and loss account is published, a
separate profit and loss account for the parent company is omitted from the group financial
statements by virtue of section 408 of the Companies Act 2006.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.
Production advances
Production advances which are stated at the lower of cost and net realisable value represent
acquired rights and costs incurred in respect of completed productions. These costs are carried
forward only where, in the opinion of the directors, there is a clearly defined project and the
recovery of these costs can reasonably be expected. Net realisable value is based on estimated
selling prices less any selling costs expected to be incurred.
The period over which income will be generated is, in the directors’ opinion, thirty to forty years
and as a result the directors consider it prudent to make a provision against the cost of the
production advances over 15 years.
Deferred taxation
Deferred taxation is provided in respect of all future obligations to pay additional tax arising as a
result of past events in line with Financial Reporting Standard Number 19. Deferred tax assets
are recognised only to the extent that the directors consider it is more likely than not that there
will be sufficient taxable profits from which future reversal of underlying timing differences can be
deducted.
Going concern
The company is in breach of the terms of a loan from Coutts & Co and is unable to repay the
amount due. The directors believe that this position may be recoverable and Coutts & Co are
allowing the company to continue as a going concern for the time being although there is no
guarantee that this will continue.
2. TURNOVER
The turnover and loss before tax are attributable to the one principal activity of the group.
An analysis of turnover is given below:
2010 2009
£ £
United Kingdom 10,958 380,677
================================ ================================
- 13-
3. OPERATING PROFIT
Operating profit is stated after charging:
2010 2009
£ £
Amounts written off investments - 3,163
Directors' emoluments – –
Auditor's remuneration
- audit of the financial statements - 2,500
Loan guarantee waived 500,000 -
======================= =======================
For further details see note 12.
4. PARTICULARS OF EMPLOYEES
No salaries or wages have been paid to employees, including the directors, during the year. The
directors were the only employees. No directors have exercised any share options.
5. INTEREST PAYABLE AND SIMILAR CHARGES
2010 2009
£ £
Interest payable on bank borrowing 22,408 113,907
================================= +=============================
6. TAXATION ON ORDINARY ACTIVITIES

(a) Analysis of charge in the year
2010 2009
£ £
Current tax:
UK Corporation tax based on the results for the year at 19% (2009
– 19%) - -
Total current tax - -
============== ==============
(b) Factors affecting current tax charge
The tax assessed on the profit on ordinary activities for the year is lower than the standard rate of
corporation tax in the UK of 21% (2009 - 21%).
2010 2009
£ £
Profit on ordinary activities before taxation 324,823 94,775
=========================================== ========================================
Profit on ordinary activities by rate of tax 68,213 19,903

(Relieved) tax losses (68,213) (19,903)
-------------------------------- --------------------------------
Total current tax (note 6(a)) - -
================================ ================================
7. PROFIT ATTRIBUTABLE TO MEMBERS OF THE PARENT COMPANY
The profit dealt with in the accounts of the parent company was £323,519 (2009 -
£95,045).
8. INVESTMENTS
- 14-
Group Company
2010 2009 2010 2009
£ £ £ £
Shares in group undertakings – – 100 100
Other investments - - - -
------------------------------------ --------------------------------------- ------------------------------------ -------------------------------------
- - 100 00
==================================== ===================================== ==================================== =====================================
Details of the company’s subsidiary undertaking, which is registered and incorporated in England
& Wales, are as follows:-
Name of Company Holding Proportion of Nature of Business

Shares Held
Scarlet Digital Imaging Ordinary Shares 100% Animation production

Limited
9. PRODUCTION ADVANCES
Group Company
2010 2009 2010 2009
£ £ £ £
At cost 2,166,666 2,333,333 2,166,666 2,333,333
Provision (166,667) (166,667) (166,667) (166,667)
---------------------------------------------- ------------------------------------------------ ------------------------------------------------ -----------------------------------------------
At 31 March 2010 1,999,999 2,166,666 1,999,999 2,166,666
============================================== ============================================== ============================================== ==============================================
10. DEBTORS
Group Company
2010 2009 2010 2009
£ £ £ £
Trade debtors 5,102 908 5,102 908
---------------------------- -------------------------------- ---------------------------- --------------------------------
5,102 908 5,102 908
============================ ================================ ============================ ================================
11. CREDITORS: Amounts falling due within one year
Group Company
2010 2009 2010 2009
£ £ £ £
Bank loans and overdrafts 596,217 1,930,797 596,217 1,930,797
Other creditors 850,000 - 850,000 -
Accruals and deferred income 4,521 7,633 4,521 6,103
------------------------------------------ ------------------------------------------ ------------------------------------------ --------------------------------------------
1,450,738 1,938,430 1,450,738 1,936,900
========================================== ========================================= ========================================== =========================================
- 15-
11. CREDITORS: Amounts falling due within one year
The company had an original loan facility with Coutts & Co for up to £2,470,000. The company
was unable to repay the loan by the original due date and Coutts agreed to extend the loan
period by a further year. The company was not able to pay the loan back the following year and
consequently Coutts & Co called the loan guarantee. The remaining balance of the loan of
£596,217 is included in creditors and is payable on demand. Of the guarantee called, £850,000
is repayable to the guarantor and is included within other creditors.
12. RELATED PARTY TRANSACTIONS
The company has granted the shareholders of C S Preproduction Limited (of which T J Ricketts
and N D Jealous are Directors and shareholders) options to purchase shares equivalent to 10%
of the issued share capital of the company following conclusion of the Offers. These additional
shares will be at a price of £1 each. These options expire on 5 April, 2013.
J Gutteridge and T H Ricketts have both received share options and payments in relation to their
personal guarantees for the Coutts & Co loan facility which were called in during September
2008. T H Ricketts is a director and shareholder of MFM which provides management services to
the company. Information in relation to J Gutteridge is disclosed by virtue of the size of the
transaction and by being a shareholder.
J TH
Gutteridge Ricketts
£ £
Loan facility guaranteed 500,000 850,000
Fees payable by GAP upon the release of the monies 5,000 8,500
Interest due on the guaranteed amount annually at 1.5% 1.5%
Share options issued at a strike price of £1.25 exercisable between
27 July 2005 and 28 February 2013 150,000 255,000
============================================== ==============================================
The loan guarantee was called in by Coutts & Co on 30 September 2008. MFM has reimbursed
J Gutteridge for his guarantee and will not seek to recover this amount from GAP. Interest on the
guaranteed amounts has been waived. The loan guarantee by T H Ricketts remains liable for
payment by GAP and is included in Other Creditors.
Audit fees and other costs totalling £500 were paid by MFM during the period. MFM will not seek
to recover these costs.
- 16-
13. SHARE CAPITAL
Allotted, issued and called up Ordinary £1 shares:
No £
At 1 April 2009 and 31 March 2010 17,231,582 17,231,582
================================================ ================================================
Share options
The company has granted the following options over the £1 ordinary shares.
2010 2009
No £ No £
At 1 April 2009 and at 31 March 2010:
Expire 5 April 2013 at £1.00 167,259 167,259 167,259 167,259

Expire 28 February 2013 at £1.25 405,000 506,250 405,000 506,250
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
572,259 673,509 572,259 673,509
============================================== ============================================== ============================================== ==============================================
14. RESERVES
Group Share
premium Profit and loss
account account
£ £
Balance brought forward 1,197,224 (18,199,219)
Profit for the year – 324,823
------------------------------------------ ------------------------------------------
Balance carried forward 1,197,224 (17,874,396)
========================================== ==========================================
Company Share
premium Profit and loss
account account
£ £
Balance brought forward 1,197,224 (18,197,824)
Profit for the year – 323,519
------------------------------------------ --------------------------------------------
Balance carried forward 1,197,224 (17,874,305)
========================================== =============================================
- 17-
15. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2010 2009
£ £
Loss / (profit) for the financial year 324,823 94,775
Net (deduction from) / addition to shareholders' funds 324,823 94,775
Opening shareholders' funds 229,587 134,812
---------------------------------------------- ----------------------------------------------
Closing shareholders' funds 554,410 229,587
============================================== ==============================================
16. NOTES TO THE STATEMENT OF CASH FLOWS
ANALYSIS OF CHANGES IN NET DEBT

At At
1 Apr 2009 Cash flows 31 Mar 2010
£ £ £
Net cash:
Cash in hand and at bank 443 (396) 47
Debt:
Debt due within 1 year (1,930,797) 1,334,580 (596,217)
-------------------------------------------- ------------------------------------------ ------------------------------------------
Net debt (1,930,354) 1,334,184 (596,170)
========================================== ========================================== ==========================================
17. POST BALANCE SHEET EVENTS
The repayment of the loan has been renegotiated and Coutts & Co continue to allow the group to
trade. An application has been made to dissolve the companies wholly owned subsidiary Scarlet
Digital Imaging Limited.
18. CONTROLLING PARTY
There is no overall controlling party.
- 18-

FORM OF PROXY FOR USE AT THE ANNUAL GENERAL MEETING
I/We…………………………………………………………………………………………………..
(BLOCK CAPITALS PLEASE)
of…………………………………………………………………………………………………………
being (a) member(s) of the Company hereby appoint the Chairman of the Meeting, or, failing
him………………..……………..as my/our proxy to vote for me/us and on my/our behalf at the Annual
General Meeting of the Company to be held at The Plough & Harrow Hotel 135 Hagley Road
Edgbaston, Birmingham B16 8LS and at any adjournment thereof and thereat to vote as indicated
below.
Please indicate with an X in one of the boxes under “FOR” or “AGAINST” below how you wish your
vote to be cast in respect of each resolution. If you sign and return this form without any specific
directions, your proxy will abstain or vote as he/she thinks fit.
Ordinary Resolutions For Against
1 To receive and adopt the report and accounts for the year ended 31 March
2010.
2 To re-appoint Shipleys LLP as auditors of the Company.
3 To fix the remuneration of Shipleys LLP as auditors.
Dated this day of 2010
Signature(s)……………………………………………………………………………………………
Notes
1. All members are entitled to attend and vote at the Meeting, whether or nor they have
returned a form of proxy.
2. If any other proxy is preferred, delete the words “the Chairman of the Meeting, or” insert the
name of the proxy you wish to appoint and initial the alteration. A proxy need not be a
member of the Company.
3. In the case of a corporation this form of proxy must be executed under its common seal or
under the hand of an officer or attorney duly authorised in writing.
4. Appointment of a proxy will not preclude a member from attending and voting in person
should he/she subsequently decide to do so.
Any form of proxy and power of attorney or other authority under which it is signed (or notarially
certified or office copy of such power or authority) in order to be valid, must reach the Company’s
Registrar, Margetts Fund Management Ltd, 1 Sovereign Court, 8 Graham Street, Birmingham B1 3JR
not less than 48 hours prior to the time of the Meeting.
- 19-

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COMPANY REGISTRATION NUMBER 04676500

GERRY ANDERSON PRODUCTIONS PLC

YEAR ENDED 31 MARCH 2010

Officers and professional advisers 1

Notice of annual general meeting 2

The directors' report 4

Independent auditor's report to the shareholders 6

Profit and loss account 8

Group balance sheet 9

Group cash flow statement 11

Notes to the financial statements 13

The board of directors N D Jealous

Company Secretary T J Ricketts

Registered office 1 Sovereign Court

Auditor Shipleys LLP

Solicitors Macfarlanes LLP

Bankers Royal Bank of Scotland PLC

Coutts & Co.

Registrars Margetts Fund Management Ltd

By Order of the Board

YEAR ENDED 31 MARCH 2010

Toby Ricketts (Managing Director)

YEAR ENDED 31 MARCH 2010

PRINCIPAL ACTIVITIES AND GROUP BUSINESS REVIEW

RESULTS AND DIVIDENDS

POLICY ON THE PAYMENT OF CREDITORS

make judgements and estimates that are reasonable and prudent;

YEAR ENDED 31 MARCH 2010

In so far as the directors are aware:

Registered office: Signed by order of the directors

Approved by the directors on 3 September 2010

YEAR ENDED 31 MARCH 2010

RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND AUDITOR

SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS

OPINION ON FINANCIAL STATEMENTS

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

YEAR ENDED 31 MARCH 2010

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

certain disclosures of directors' remuneration specified by law are not made; or

GUY FISHER (Senior Statutory

YEAR ENDED 31 MARCH 2010

TURNOVER 2 10,958 380,677

Cost of sales (166,667) (166,667)

Administrative expenses 502,009 (5,460)

Interest receivable 931 132

Tax on profit on ordinary activities 6 - -

All of the activities of the group are classed as continuing.

The notes on page 8 form part of these financial statements.

CAPITAL AND RESERVES

COMPANY REGISTRATION NUMBER 04676500

The notes on page 9 form part of these financial statements.

COMPANY REGISTRATION NUMBER 04676500

CAPITAL AND RESERVES

COMPANY REGISTRATION NUMBER 04676500

The notes on page 10 form part of these financial statements.

YEAR ENDED 31 MARCH 2010

NET CASH INFLOW FROM OPERATING ACTIVITIES 1,355,661 377,584

RETURNS ON INVESTMENTS AND

RECONCILIATION OF OPERATING LOSS TO NET CASH (OUTFLOW) FROM

The notes on page 11 form part of these financial statements.

YEAR ENDED 31 MARCH 2010

RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT

Net cash outflow from bank loans 1,350,930 269,921