Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31102021-01-01falseis that of Film and Media production.7falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07402165 2021-01-01 2021-12-31 07402165 2020-01-01 2020-12-31 07402165 2021-12-31 07402165 2020-12-31 07402165 c:Director1 2021-01-01 2021-12-31 07402165 c:Director2 2021-01-01 2021-12-31 07402165 d:Buildings d:LongLeaseholdAssets 2021-01-01 2021-12-31 07402165 d:Buildings d:LongLeaseholdAssets 2021-12-31 07402165 d:Buildings d:LongLeaseholdAssets 2020-12-31 07402165 d:MotorVehicles 2021-01-01 2021-12-31 07402165 d:MotorVehicles 2021-12-31 07402165 d:MotorVehicles 2020-12-31 07402165 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 07402165 d:FurnitureFittings 2021-01-01 2021-12-31 07402165 d:FurnitureFittings 2021-12-31 07402165 d:FurnitureFittings 2020-12-31 07402165 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 07402165 d:OfficeEquipment 2021-01-01 2021-12-31 07402165 d:OfficeEquipment 2021-12-31 07402165 d:OfficeEquipment 2020-12-31 07402165 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 07402165 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 07402165 d:Goodwill 2021-12-31 07402165 d:Goodwill 2020-12-31 07402165 d:CurrentFinancialInstruments 2021-12-31 07402165 d:CurrentFinancialInstruments 2020-12-31 07402165 d:Non-currentFinancialInstruments 2021-12-31 07402165 d:Non-currentFinancialInstruments 2020-12-31 07402165 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07402165 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 07402165 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 07402165 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 07402165 d:ShareCapital 2021-12-31 07402165 d:ShareCapital 2020-12-31 07402165 d:RetainedEarningsAccumulatedLosses 2021-12-31 07402165 d:RetainedEarningsAccumulatedLosses 2020-12-31 07402165 c:FRS102 2021-01-01 2021-12-31 07402165 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 07402165 c:FullAccounts 2021-01-01 2021-12-31 07402165 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 07402165 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-01-01 2021-12-31 07402165 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-12-31 07402165 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2020-12-31 07402165 d:WithinOneYear 2021-12-31 07402165 d:WithinOneYear 2020-12-31 07402165 d:BetweenOneFiveYears 2021-12-31 07402165 d:BetweenOneFiveYears 2020-12-31 iso4217:GBP xbrli:pure

Registered number: 07402165










EMBER FILMS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
EMBER FILMS LTD
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Notes to the financial statements
 
 
3 - 10


 
EMBER FILMS LTD
REGISTERED NUMBER: 07402165

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 5 
450,759
401,537

  
450,759
401,537

Current assets
  

Debtors: amounts falling due within one year
 6 
182,549
44,110

Cash at bank and in hand
  
415,912
359,233

  
598,461
403,343

Creditors: amounts falling due within one year
 7 
(150,627)
(128,455)

Net current assets
  
 
 
447,834
 
 
274,888

Total assets less current liabilities
  
898,593
676,425

Creditors: amounts falling due after more than one year
 8 
(35,661)
(45,286)

Provisions for liabilities
  

Deferred tax
  
(108,409)
(72,580)

  
 
 
(108,409)
 
 
(72,580)

Net assets
  
754,523
558,559


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
754,423
558,459

  
754,523
558,559


Page 1

 
EMBER FILMS LTD
REGISTERED NUMBER: 07402165
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 September 2022.




................................................
Mrs E Jones
................................................
Mr J Jones
Director
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
EMBER FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

The company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales.  The address of its registered office is The Union Building Level 5 East Wing, 51-59 Rose Lane, Norwich, England, NR1 1BY. The principle place of trade is the registered office.
The companies principal activity is that of Film and Media production.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.  Where a contract has been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

 
2.3

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life of 5 years. 

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
EMBER FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Leasehold property improvements
-
Nil
Motor vehicles
-
25%
RB
Fixtures and fittings
-
15%
RB
Equipment
-
15%
RB

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 4

 
EMBER FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
EMBER FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2020 - 10).

Page 6

 
EMBER FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2021
10,100



At 31 December 2021

10,100



Amortisation


At 1 January 2021
10,100



At 31 December 2021

10,100



Net book value



At 31 December 2021
-



At 31 December 2020
-



Page 7

 
EMBER FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Tangible fixed assets





Leasehold property improvements
Motor vehicles
Fixtures and fittings
Equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2021
17,124
75,891
19,774
630,497
743,286


Additions
-
74,538
-
125,617
200,155


Disposals
-
(16,059)
-
(205,523)
(221,582)



At 31 December 2021

17,124
134,370
19,774
550,591
721,859



Depreciation


At 1 January 2021
-
39,759
7,266
294,725
341,750


Charge for the year on owned assets
-
26,715
1,876
60,504
89,095


Disposals
-
(12,248)
-
(147,497)
(159,745)



At 31 December 2021

-
54,226
9,142
207,732
271,100



Net book value



At 31 December 2021
17,124
80,144
10,632
342,859
450,759



At 31 December 2020
17,124
36,132
12,508
335,773
401,537


6.


Debtors

2021
2020
£
£


Trade debtors
81,412
4,531

Other debtors
90,368
-

Prepayments and accrued income
10,769
39,579

182,549
44,110


Page 8

 
EMBER FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
9,617
4,714

Trade creditors
51,853
5,461

Other taxation and social security
59,901
56,025

Other creditors
18,870
57,473

Accruals and deferred income
10,386
4,782

150,627
128,455



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
35,661
45,286

35,661
45,286


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2021
2020
£
£


Repayable by instalments
-
5,286

-
5,286




9.


Commitments under operating leases

At 31 December 2021 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2021
2020
£
£


Not later than 1 year
35,000
35,000

Later than 1 year and not later than 5 years
4,861
39,861

39,861
74,861

Page 9

 
EMBER FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

10.


Related party transactions

As at 31 December 2021, the company owed £18,870 (2020: £57,473) to the directors.  These balances are interest free and repayable on demand and are included in other creditors due within one year in note 7 to the financial statements.

 
Page 10