Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-11-01falseNo description of principal activity22truetrue 09070829 2021-11-01 2022-10-31 09070829 2020-11-01 2021-10-31 09070829 2022-10-31 09070829 2021-10-31 09070829 c:Director1 2021-11-01 2022-10-31 09070829 d:CurrentFinancialInstruments 2022-10-31 09070829 d:CurrentFinancialInstruments 2021-10-31 09070829 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09070829 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 09070829 d:ShareCapital 2022-10-31 09070829 d:ShareCapital 2021-10-31 09070829 d:SharePremium 2022-10-31 09070829 d:SharePremium 2021-10-31 09070829 d:RetainedEarningsAccumulatedLosses 2022-10-31 09070829 d:RetainedEarningsAccumulatedLosses 2021-10-31 09070829 c:FRS102 2021-11-01 2022-10-31 09070829 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 09070829 c:FullAccounts 2021-11-01 2022-10-31 09070829 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Registered number: 09070829









FREE BORN FILMS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

  

Current assets
  

Stocks
 4 
236,262
236,262

Debtors: amounts falling due within one year
 5 
1,609
1,609

Cash at bank and in hand
 6 
-
9

  
237,871
237,880

Creditors: amounts falling due within one year
 7 
(84,786)
(85,155)

Net current assets
  
 
 
153,085
 
 
152,725

Total assets less current liabilities
  
153,085
152,725

  

Net assets
  
153,085
152,725


Capital and reserves
  

Called up share capital 
  
1,198
1,198

Share premium account
  
145,999
145,999

Profit and loss account
  
5,888
5,528

  
153,085
152,725



 
FREE BORN FILMS LTD
REGISTERED NUMBER: 09070829
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2022

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 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 by: 

A Baker
Director

Date: 9 October 2023

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

Page 1

 
FREE BORN FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Free Born Films Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is 70 Hansom Place, York, YO31 8FQ.

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 comprise film production costs, which are recorded as a current asset. Film 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.

 
2.3

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

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans to related parties.

 
2.6

Creditors

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

 
2.7

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 film 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.

Page 2

 
FREE BORN FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

3.


Employees

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


4.


Stocks

2022
2021
£
£

Production costs
236,262
236,262

236,262
236,262



5.


Debtors

2022
2021
£
£


Other debtors
1,609
1,609

1,609
1,609



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
-
9

-
9



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other taxation and social security
-
2,308

Other creditors
26,902
25,613

Accruals and deferred income
57,884
57,234

84,786
85,155



8.


Related party transactions

At the reporting date, £1,249 (2021: nil) was due to Cantilever Group Limited, a company in which A Baker is also a director. The loan is repayable on demand and not interest bearing. 

Page 3

 
FREE BORN FILMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

9.


Controlling party

Throughout the current and preceeding year, the company was under the control of its directors by virtue of their shareholding.

 
Page 4