Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22022-01-01falsefalsetrue 13088396 2022-01-01 2022-12-31 13088396 2020-12-17 2021-12-31 13088396 2022-12-31 13088396 2021-12-31 13088396 c:Director2 2022-01-01 2022-12-31 13088396 d:CurrentFinancialInstruments 2022-12-31 13088396 d:CurrentFinancialInstruments 2021-12-31 13088396 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13088396 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 13088396 d:ShareCapital 2022-12-31 13088396 d:ShareCapital 2021-12-31 13088396 c:FRS102 2022-01-01 2022-12-31 13088396 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 13088396 c:FullAccounts 2022-01-01 2022-12-31 13088396 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 13088396









STVS FILMS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
STVS FILMS LTD
REGISTERED NUMBER: 13088396

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Stocks
 4 
-
2,506,873

Debtors: amounts falling due within one year
 5 
-
1,000

Cash at bank and in hand
  
357,929
148,254

  
357,929
2,656,127

Creditors: amounts falling due within one year
 6 
(357,829)
(2,656,027)

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 L Chinn
Director

Date: 27 September 2023

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

Page 1

 
STVS FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

STVS Films Ltd is a private company limited by shares incorporated in the United Kingdom and registered in England & Wales. 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

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.

 
2.3

Revenue

Turnover represents income due to the company in respect of TV production and sales made during the period. This is recognised when the company has satisfied the relevant conditions in its agreements with respect to delivery of the underlying materials to the various distributors.

 
2.4

Stocks

TV production costs incurred in producing a television series are recognised in the profit and loss account as cost of sales in the period in which they are incurred.

Work in progress is comprised of production costs and is valued at the lower of cost and net realisable value.

 
2.5

Debtors

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

 
2.6

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.

Page 2

 
STVS FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.7

Creditors

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

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Stocks

2022
2021
£
£

Production costs
-
2,506,873

-
2,506,873



5.


Debtors

2022
2021
£
£


Other debtors
-
1,000

-
1,000



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
-
16,286

Amounts owed to group undertakings
343,886
57,957

Accruals and deferred income
13,943
2,581,784

357,829
2,656,027


Page 3

 
STVS FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Related party transactions

The company is exempt from disclosing related party transactions with companies that are wholly owned within the group.

Page 4