Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrueNo description of principal activity272021-05-280 13427612 2021-05-27 13427612 2021-05-28 2022-03-31 13427612 2020-05-28 2021-05-27 13427612 2022-03-31 13427612 c:Director3 2021-05-28 2022-03-31 13427612 d:CurrentFinancialInstruments 2022-03-31 13427612 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13427612 d:ShareCapital 2022-03-31 13427612 c:OrdinaryShareClass1 2021-05-28 2022-03-31 13427612 c:OrdinaryShareClass1 2022-03-31 13427612 c:FRS102 2021-05-28 2022-03-31 13427612 c:AuditExempt-NoAccountantsReport 2021-05-28 2022-03-31 13427612 c:FullAccounts 2021-05-28 2022-03-31 13427612 c:PrivateLimitedCompanyLtd 2021-05-28 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13427612









THE LIGHT / Y GOLAU CYF







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

 
THE LIGHT / Y GOLAU CYF
REGISTERED NUMBER: 13427612

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022

2022
Note
£

  

Current assets
  

Stocks
 4 
3,559,905

Debtors: amounts falling due within one year
 5 
1,171,282

Cash at bank and in hand
 6 
246,219

  
4,977,406

Creditors: amounts falling due within one year
 7 
(4,977,306)

Net current assets
  
 
 
100

Total assets less current liabilities
  
100

  

Net assets
  
100


Capital and reserves
  

Called up share capital 
 8 
100

  
100


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 period 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 9 September 2022.




A Spiteri
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
THE LIGHT / Y GOLAU CYF
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

1.


General information

The Light / Y Golau Cyf is a private company limited by shares and registered in England & Wales. The address of its registered office is Suite 210 Creative Quarter, 8a Morgan Arcade, Cardiff, Wales, CF10 1AF.
The company was Incorporated on 28 May 2021 and began trading on this date.

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

Revenue

Revenue comprises license fees receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.
Where revenue received exceeds costs incurred to date and profits are not anticipated, the balance is treated as deferred income and held on the Statement of Financial Position until further costs are incurred or profits anticipated. At this point the deferred income is released to the Statement of Income and Retained Earnings.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.5

Stocks

Stocks comprise production costs, which are recorded as a current asset net of the relevant tax credit. Production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

Page 2

 
THE LIGHT / Y GOLAU CYF
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price, less any impairment.
 

 
2.9

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 other third parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 27.


4.


Stocks

2022
£

Film production cost
3,559,905

3,559,905



5.


Debtors

2022
£


Trade debtors
184,535

Other debtors
81,407

Called up share capital not paid
100

Tax recoverable
905,240

1,171,282


Page 3

 
THE LIGHT / Y GOLAU CYF
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
246,219

246,219



7.


Creditors: Amounts falling due within one year

2022
£

Other loans
2,230,883

Trade creditors
141,586

Other taxation and social security
25,385

Other creditors
3,294

Accruals and deferred income
2,576,158

4,977,306


Creditors includes amounts secured by a fixed and floating charge over the assets of the company.


8.


Share capital

2022
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation the company issued 100 ordinary shares of £1 each at par for a cash consideration.

 
Page 4