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REGISTERED NUMBER: 03553875 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Working Titles Publishing Limited

Working Titles Publishing Limited (Registered number: 03553875)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Working Titles Publishing Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr A J Sivell
Mrs L A J Sivell





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 15 Burling Way
Burwell
CAMBRIDGE
CB25 0FJ





REGISTERED NUMBER: 03553875 (England and Wales)

Working Titles Publishing Limited (Registered number: 03553875)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,701 1,975

CURRENT ASSETS
Debtors 6 3,249 5,176
Cash at bank 5,228 6,214
8,477 11,390
CREDITORS
Amounts falling due within one year 7 28,452 26,670
NET CURRENT LIABILITIES (19,975 ) (15,280 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,274

)

(13,305

)

PROVISIONS FOR LIABILITIES - 375
NET LIABILITIES (18,274 ) (13,680 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (18,276 ) (13,682 )
SHAREHOLDERS' FUNDS (18,274 ) (13,680 )

Working Titles Publishing Limited (Registered number: 03553875)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





Mr A J Sivell - Director


Working Titles Publishing Limited (Registered number: 03553875)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Working Titles Publishing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Working Titles Publishing Limited (Registered number: 03553875)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Covid-19
The Directors have assessed the current and future effects of COVID-19 on the Company. The Company has been able to continue to trade during the pandemic, on this basis, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

Going concern
The Company made profits for the year and as at the year end has, as disclosed on the balance sheet, net liabilities. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive sufficient financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Furniture
& equipment
£   
COST
At 1 April 2022 4,733
Additions 292
At 31 March 2023 5,025
DEPRECIATION
At 1 April 2022 2,758
Charge for year 566
At 31 March 2023 3,324
NET BOOK VALUE
At 31 March 2023 1,701
At 31 March 2022 1,975

Working Titles Publishing Limited (Registered number: 03553875)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,161 4,813
Other debtors 88 363
3,249 5,176

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 47 -
Taxation and social security 523 1,860
Other creditors 27,882 24,810
28,452 26,670

Other creditors consists of accruals and deferred income of £5,211 (2022 - £1,200), directors loan account of £22,584 (2022 - £23,610) and other creditors of £87 (2022 - £Nil).