9 false false false false false false false false false true true false false false false true No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 70,346 1,823 72,169 51,137 17,822 68,959 3,210 19,209 206 206 206 xbrli:pure xbrli:shares iso4217:GBP 05379177 2022-01-01 2022-12-31 05379177 2022-12-31 05379177 2021-12-31 05379177 2021-01-01 2021-12-31 05379177 2021-12-31 05379177 core:PlantMachinery 2022-01-01 2022-12-31 05379177 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 05379177 bus:Director1 2022-01-01 2022-12-31 05379177 core:WithinOneYear 2022-12-31 05379177 core:WithinOneYear 2021-12-31 05379177 core:PlantMachinery 2021-12-31 05379177 core:PlantMachinery 2022-12-31 05379177 core:ShareCapital 2022-12-31 05379177 core:ShareCapital 2021-12-31 05379177 core:RetainedEarningsAccumulatedLosses 2022-12-31 05379177 core:RetainedEarningsAccumulatedLosses 2021-12-31 05379177 core:BetweenOneFiveYears 2022-12-31 05379177 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 05379177 core:Non-currentFinancialInstruments 2022-12-31 05379177 core:Non-currentFinancialInstruments 2021-12-31 05379177 core:PlantMachinery 2021-12-31 05379177 bus:Director1 2021-12-31 05379177 bus:Director1 2022-12-31 05379177 bus:Director1 2020-12-31 05379177 bus:Director1 2021-12-31 05379177 bus:Director1 2021-01-01 2021-12-31 05379177 bus:SmallEntities 2022-01-01 2022-12-31 05379177 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 05379177 bus:FullAccounts 2022-01-01 2022-12-31 05379177 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 05379177 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 05379177 bus:OrdinaryShareClass1 2022-12-31 05379177 bus:OrdinaryShareClass1 2021-12-31
COMPANY REGISTRATION NUMBER: 05379177
Caryn Mandabach Productions Limited
Filleted Unaudited Accounts
31 December 2022
Caryn Mandabach Productions Limited
Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
5
3,210
19,209
Investments
6
206
206
-------
--------
3,416
19,415
Current assets
Stocks
493,138
729,946
Debtors
7
1,377,155
436,555
Cash at bank and in hand
396,897
397,597
------------
------------
2,267,190
1,564,098
Creditors: amounts falling due within one year
8
( 5,113,915)
( 3,987,986)
------------
------------
Net current liabilities
( 2,846,725)
( 2,423,888)
------------
------------
Total assets less current liabilities
( 2,843,309)
( 2,404,473)
------------
------------
Net liabilities
( 2,843,309)
( 2,404,473)
------------
------------
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
( 2,843,310)
( 2,404,474)
------------
------------
Shareholders deficit
( 2,843,309)
( 2,404,473)
------------
------------
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
Caryn Mandabach Productions Limited
Statement of Financial Position (continued)
31 December 2022
These accounts were approved by the board of directors and authorised for issue on 29 September 2023 , and are signed on behalf of the board by:
Mrs C Mandabach
Director
Company registration number: 05379177
Caryn Mandabach Productions Limited
Notes to the Accounts
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 39a Berwick Street, London, W1F 8RU, United Kingdom.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Caryn Mandabach Productions Limited , which can be obtained from 39a Berwick Street, London. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: - No cash flow statement has been presented for the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Work in progress is valued at the lower of cost and net realisable value.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities .
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2021: 8 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 January 2022
70,346
Additions
1,823
--------
At 31 December 2022
72,169
--------
Depreciation
At 1 January 2022
51,137
Charge for the year
17,822
--------
At 31 December 2022
68,959
--------
Carrying amount
At 31 December 2022
3,210
--------
At 31 December 2021
19,209
--------
6. Investments
Shares in group undertakings
£
Cost
At 1 January 2022 and 31 December 2022
206
----
Impairment
At 1 January 2022 and 31 December 2022
----
Carrying amount
At 31 December 2022
206
----
At 31 December 2021
206
----
7. Debtors
2022
2021
£
£
Trade debtors
604,958
Amounts owed by group undertakings
684
218,093
Prepayments and accrued income
610,889
198,579
VAT recoverable
785
Other debtors
159,839
19,883
------------
---------
1,377,155
436,555
------------
---------
8. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
6,270
Trade creditors
352,134
6,144
Amounts owed to group undertakings
812,790
739,852
Amounts owed to undertakings in which the company has a participating interest
248,387
190,064
Accruals and deferred income
354,978
264,076
Social security and other taxes
124,792
89,596
Director loan accounts
3,220,834
2,691,984
------------
------------
5,113,915
3,987,986
------------
------------
9. Called up share capital
Issued, called up and fully paid
2022
2021
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2022
2021
£
£
Not later than 1 year
55,000
Later than 1 year and not later than 5 years
69,616
---------
----
124,616
---------
----
11. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mrs C Mandabach
( 2,691,984)
( 528,850)
( 3,220,834)
------------
---------
------------
2021
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mrs C Mandabach
( 2,668,845)
( 23,139)
( 2,691,984)
------------
--------
------------
12. Related party transactions
Aside from those transactions detailed in note 12, all further related-party transactions that took place in the year were made on terms equivalent to those that prevail in arm's length transactions and therefore are not required to be disclosed under FRS 102 Section 1AC 35. At the balance sheet date £248,387 (2021 - £190,064) was owed to a company in which the director has common interest. No interest was charged in relation to these balances. At the balance sheet date £831,093 (2021 - £739,852) was owed to the parent company. No interest was charged in relation to this balance.
13. Controlling party
The ultimate parent company is Caryn Mandabach Productions Inc , a company incorporated in the USA.