Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31falseNo description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-02-01true22 12812170 2022-02-01 2023-01-31 12812170 2020-08-13 2022-01-31 12812170 2023-01-31 12812170 2022-01-31 12812170 c:Director2 2022-02-01 2023-01-31 12812170 d:CurrentFinancialInstruments 2023-01-31 12812170 d:CurrentFinancialInstruments 2022-01-31 12812170 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12812170 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 12812170 d:ShareCapital 2023-01-31 12812170 d:ShareCapital 2022-01-31 12812170 c:FRS102 2022-02-01 2023-01-31 12812170 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 12812170 c:FullAccounts 2022-02-01 2023-01-31 12812170 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 12812170









FWS FILM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
FWS FILM LIMITED
REGISTERED NUMBER: 12812170

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Stocks
 4 
1,191,008
564,571

Debtors: amounts falling due within one year
 5 
103,059
131,404

Cash at bank and in hand
  
357,309
23,855

  
1,651,376
719,830

Creditors: amounts falling due within one year
 6 
(1,651,276)
(719,730)

Net current assets
  
 
 
100
 
 
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
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 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 comprehensive income 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 by: 



S Chinn
Director

Date: 27 September 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
FWS FILM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

FWS Film Limited is a private company limited by shares incorporated in the United Kingdom and registered in England. The address of its registered office is 124 Finchley Road, London, NW3 5JS and the address of its principal place of business is Ground Floor, 10 Amwell Street, London, EC1R 1UQ.

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

Stocks

Stocks take the form of work in progress. Work in progress relates to direct production costs, net of tax credits, incurred on television programme productions not yet delivered. Production costs are recognised in the income statement as soon as the production is delivered and the related sale is recognised.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

 
2.3

Debtors

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

 
2.4

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.

 
2.5

Creditors

Short term creditors are measured at the transaction price.

 
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 plus loans from related parties.

  
2.7

Reporting period

The previous period of accounts covered the period from 13 August 2020, the date of incorporation, to 31 January 2022.

Page 2

 
FWS FILM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Stocks

2023
2022
£
£

Work in progress
1,191,008
564,571

1,191,008
564,571


Work in progress comprises costs incurred on TV programme production which has not yet been completed or delivered. These are held at the lower of cost and net realisable value.


5.


Debtors

2023
2022
£
£


Trade debtors
-
612

Other debtors
3,156
7,686

Tax recoverable
99,903
123,106

103,059
131,404



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
343
134,438

Amounts owed to group undertakings
21,318
25,935

Accruals and deferred income
1,629,615
559,357

1,651,276
719,730



7.


Related party transactions

The company is exempt from disclosing related party transactions which occur between other companies that are wholly owned within its group.

Page 3