Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31false2trueThe principal activity of the company is that of television production activities2022-06-01true8The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12979310 2022-06-01 2023-05-31 12979310 2021-06-01 2022-05-31 12979310 2023-05-31 12979310 2022-05-31 12979310 c:Director1 2022-06-01 2023-05-31 12979310 d:CurrentFinancialInstruments 2023-05-31 12979310 d:CurrentFinancialInstruments 2022-05-31 12979310 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12979310 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 12979310 d:ShareCapital 2023-05-31 12979310 d:ShareCapital 2022-05-31 12979310 c:OrdinaryShareClass1 2022-06-01 2023-05-31 12979310 c:OrdinaryShareClass1 2023-05-31 12979310 c:FRS102 2022-06-01 2023-05-31 12979310 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 12979310 c:FullAccounts 2022-06-01 2023-05-31 12979310 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12979310














SILVER FILMS LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

 
SILVER FILMS LTD
REGISTERED NUMBER:12979310

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
1,979,502
1,090,717

Debtors: amounts falling due within one year
 5 
4,127
92,541

Cash at bank and in hand
 6 
56,680
431,046

  
2,040,309
1,614,304

Creditors: amounts falling due within one year
 7 
(2,040,209)
(1,614,204)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
 8 
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 profit and loss account 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: 




J S Gay-Rees
Director

Date: 19 October 2023

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

1

 
SILVER FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Silver Films Ltd is a private company, limited by shares, registered in England and Wales,
registration number 12979310. The registered office address is First floor, 50-54 Clerkenwell Road, London, EC1M 5PS.

The principal activity of the company is that of television production activities.

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The company is eligible to claim a  tax credit on High-End Television 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.

 
2.3

Stocks

Work in progress represents the cost of producing television programme activities. Television production costs are amortised to the Profit and loss account over the period in which the rights to the relevant film is being exploited by the company.
 

 
2.4

Debtors

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

 
2.5

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.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2

 
SILVER FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.7

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, loans from third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 -2).


4.


Stocks

2023
2022
£
£

Television production cost
1,979,502
1,090,717



5.


Debtors

2023
2022
£
£


Other debtors
4,127
72,419

Prepayments and accrued income
-
20,122

4,127
92,541



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
56,680
431,046

Less: bank overdrafts
-
(9)

56,680
431,037


3

 
SILVER FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
9

Trade creditors
(156)
-

Other taxation and social security
2,868
1,023

Accruals and deferred income
2,037,497
1,613,172

2,040,209
1,614,204



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100


 
4