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COMPANY REGISTRATION NUMBER: 03801987
Trademark Films Ltd
Filleted Unaudited Accounts
30 June 2023
Trademark Films Ltd
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
2,088
1,690
Investments
5
6
6
-------
-------
2,094
1,696
Current assets
Stocks
10,000
Debtors
6
239
592
Cash at bank and in hand
212,741
194,853
---------
---------
212,980
205,445
Creditors: amounts falling due within one year
7
( 20,465)
( 26,059)
---------
---------
Net current assets
192,515
179,386
---------
---------
Total assets less current liabilities
194,609
181,082
---------
---------
Net assets
194,609
181,082
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
194,509
180,982
---------
---------
Shareholders funds
194,609
181,082
---------
---------
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
Trademark Films Ltd
Statement of Financial Position (continued)
30 June 2023
These accounts were approved by the board of directors and authorised for issue on 13 November 2023 , and are signed on behalf of the board by:
E Barron
Director
Company registration number: 03801987
Trademark Films Ltd
Notes to the Accounts
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Trinity Rise, London, SW2 2QP.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Consolidation
The company has taken advantage of the option not to prepare consolidated accounts contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is derived from development and production of feature films, television programmes and stage plays and is stated net of Value Added Tax. Turnover is not recognised until there is certainty over the right to consideration.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
3 years straight line
Office Equipment
-
3 years straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stock and work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 July 2022
1,266
1,141
2,407
Additions
1,490
1,490
-------
-------
-------
At 30 June 2023
1,266
2,631
3,897
-------
-------
-------
Depreciation
At 1 July 2022
527
190
717
Charge for the year
422
670
1,092
-------
-------
-------
At 30 June 2023
949
860
1,809
-------
-------
-------
Carrying amount
At 30 June 2023
317
1,771
2,088
-------
-------
-------
At 30 June 2022
739
951
1,690
-------
-------
-------
5. Investments
Shares in group undertakings
£
Cost
At 1 July 2022 and 30 June 2023
6
----
Impairment
At 1 July 2022 and 30 June 2023
----
Carrying amount
At 30 June 2023
6
----
At 30 June 2022
6
----
The company owns 100% of the issued share capital of Trademark (Castle) Limited, Trademark (Marilyn) Limited, Trademark Productions Limited, Trademark (Red Joan) Limited and Trademark Father Limited.
All subsidiaries are incorporated in England and Wales and were set up to develop and produce film or theatrical productions.
The performance and position of the subsidiaries for the year ended 30 June 2023 were as
follows;
Aggregate capital and reserves
2023
2022
£
£
Trademark (Castle) Limited
2
2
Trademark (Marilyn) Limited
1
1
Trademark Productions Limited
1
1
Trademark (Red Joan) Limited
1
1
Trademark Father Limited
1
1
Profit and (loss) for the year
2023
2022
£
£
Trademark (Castle) Limited
Trademark (Marilyn) Limited
Trademark Productions Limited
Trademark (Red Joan) Limited
Trademark Father Limited
6. Debtors
2023
2022
£
£
Trade debtors
337
VAT recoverable
147
223
Other debtors
92
32
----
----
239
592
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
20,465
26,059
--------
--------
8. Related party transactions
The company has taken advantage of Section 33 of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group. No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102.
9. Controlling party
The company has been under the control of E Barron and D Parfitt throughout the preceding and current years.