Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-152023-09-15falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-085846truetrue 14470661 2023-07-08 2023-09-15 14470661 2022-11-08 2023-07-07 14470661 2023-09-15 14470661 2023-07-07 14470661 c:Director1 2023-07-08 2023-09-15 14470661 d:CurrentFinancialInstruments 2023-09-15 14470661 d:CurrentFinancialInstruments 2023-07-07 14470661 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-15 14470661 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-07 14470661 d:ShareCapital 2023-09-15 14470661 d:ShareCapital 2023-07-07 14470661 c:FRS102 2023-07-08 2023-09-15 14470661 c:AuditExempt-NoAccountantsReport 2023-07-08 2023-09-15 14470661 c:FullAccounts 2023-07-08 2023-09-15 14470661 c:PrivateLimitedCompanyLtd 2023-07-08 2023-09-15 iso4217:GBP xbrli:pure

Registered number: 14470661









KIMBERLITE PRODUCTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 15 SEPTEMBER 2023

 
KIMBERLITE PRODUCTIONS LIMITED
REGISTERED NUMBER: 14470661

STATEMENT OF FINANCIAL POSITION
AS AT 15 SEPTEMBER 2023

15 September
7 July
2023
2023
Note
£
£

  

Current assets
  

Stocks
  
11,597,166
6,443,593

Debtors: amounts falling due within one year
  
1,762,317
2,438,397

Cash at bank and in hand
  
430,652
11,812

  
13,790,135
8,893,802

Creditors: amounts falling due within one year
  
(13,790,134)
(8,893,801)

Net current assets
  
 
 
1
 
 
1

Total assets less current liabilities
  
1
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1

  
1
1


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 period 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 on 6 November 2023.


N L M Blair
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
KIMBERLITE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 15 SEPTEMBER 2023

1.


General information

Kimberlite Productions Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 71 Queen Victoria Street, London, United Kingdom, EC4V 4BE.

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.3

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 TV 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.

 
2.4

Stocks

Stocks comprise TV production costs, which are recorded as a current asset net of the relevant tax credit.  TV 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.

 
2.5

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.

 
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, loans from banks and other third parties and loans to related parties.

Page 2

 
KIMBERLITE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 15 SEPTEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 58 (2023 - 46).


4.


Debtors

15 September
7 July
2023
2023
£
£


Trade debtors
1,165
52,200

Other debtors
496,624
812,582

Tax recoverable
1,264,528
1,573,615

1,762,317
2,438,397



5.


Cash and cash equivalents

15 September
7 July
2023
2023
£
£

Cash at bank and in hand
430,652
11,812

430,652
11,812



6.


Creditors: Amounts falling due within one year

15 September
7 July
2023
2023
£
£

Bank loans
8,529,483
3,899,452

Trade creditors
744,547
885,951

Amounts owed to group undertakings
214,271
214,271

Other taxation and social security
-
28,911

Other creditors
199,823
145,196

Accruals and deferred income
4,102,010
3,720,020

13,790,134
8,893,801


Page 3

 
KIMBERLITE PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 15 SEPTEMBER 2023

7.


Controlling party

The immediate parent undertaking is Snowed-In Productions Limited.  The ultimate controlling party is N Blair. 

 
Page 4