Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2The principal activities of the Company are packaging and marketing of televised sporting events on a worldwide basis and theatrical and other entertainment production and investment.truetrue2022-04-012The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02476857 2022-04-01 2023-03-31 02476857 2021-04-01 2022-03-31 02476857 2023-03-31 02476857 2022-03-31 02476857 c:Director1 2022-04-01 2023-03-31 02476857 d:CurrentFinancialInstruments 2023-03-31 02476857 d:CurrentFinancialInstruments 2022-03-31 02476857 d:Non-currentFinancialInstruments 2023-03-31 02476857 d:Non-currentFinancialInstruments 2022-03-31 02476857 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02476857 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02476857 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02476857 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 02476857 d:ShareCapital 2023-03-31 02476857 d:ShareCapital 2022-03-31 02476857 d:RetainedEarningsAccumulatedLosses 2023-03-31 02476857 d:RetainedEarningsAccumulatedLosses 2022-03-31 02476857 c:OrdinaryShareClass1 2022-04-01 2023-03-31 02476857 c:OrdinaryShareClass1 2023-03-31 02476857 c:OrdinaryShareClass1 2022-03-31 02476857 c:FRS102 2022-04-01 2023-03-31 02476857 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02476857 c:FullAccounts 2022-04-01 2023-03-31 02476857 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02476857 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02476857













MICHAEL WATT PRODUCTIONS LIMITED
UNAUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
MICHAEL WATT PRODUCTIONS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
MICHAEL WATT PRODUCTIONS LIMITED
REGISTERED NUMBER:02476857

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
643,987
392,534

Current asset investments
 5 
44,179
307,741

Cash at bank and in hand
  
143,348
339,315

  
831,514
1,039,590

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(12,255)
(24,754)

Net current assets
  
819,259
1,014,836

Creditors: amounts falling due after more than one year
 7 
(233,413)
(382,237)

  

Net assets
  
585,846
632,599


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
585,844
632,597

  
585,846
632,599


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 on 20 October 2023.




M Bucks
Director

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

Page 1

 
MICHAEL WATT PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Michael Watt Productions Limited is a private company, limited by shares, incorporated in England and Wales, with its principal place of business and registered office address at 1st Floor, 47a Frith Street, London, W1D 4HT.
The principal activities of the Company are packaging and marketing of televised sporting events on a worldwide basis and theatrical and other entertainment production and investment.

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

Valuation of investments

Current asset unlisted investments are stated at the lower of cost and net realisable value.

 
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.

 
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, and loans from related parties and other third parties.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 2

 
MICHAEL WATT PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

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. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.


3.


Employees

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


4.


Debtors

2023
2022
£
£


Other debtors
510,237
365,326

Prepayments and accrued income
133,750
24,758

Tax recoverable
-
2,450

643,987
392,534



5.


Current asset investments

2023
2022
£
£

Unlisted investments
44,179
307,741


Page 3

 
MICHAEL WATT PRODUCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
-
12,500

Accruals and deferred income
12,255
12,254

12,255
24,754



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
233,413
382,237



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1 each
2
2


Page 4