Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312truefalsetrue2022-06-01The principal activity of the company is that of television production activities2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13160901 2022-06-01 2023-05-31 13160901 2021-01-27 2022-05-31 13160901 2023-05-31 13160901 2022-05-31 13160901 c:Director1 2022-06-01 2023-05-31 13160901 d:CurrentFinancialInstruments 2023-05-31 13160901 d:CurrentFinancialInstruments 2022-05-31 13160901 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13160901 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 13160901 d:ShareCapital 2023-05-31 13160901 d:ShareCapital 2022-05-31 13160901 d:RetainedEarningsAccumulatedLosses 2023-05-31 13160901 d:RetainedEarningsAccumulatedLosses 2022-05-31 13160901 c:OrdinaryShareClass1 2022-06-01 2023-05-31 13160901 c:OrdinaryShareClass1 2023-05-31 13160901 c:FRS102 2022-06-01 2023-05-31 13160901 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 13160901 c:FullAccounts 2022-06-01 2023-05-31 13160901 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13160901 2 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13160901














FORMULA S4 LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

 
FORMULA S4 LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 4


 
FORMULA S4 LIMITED
REGISTERED NUMBER:13160901

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,091,597
3,006,904

Cash at bank and in hand
 5 
15,174
113

  
2,106,771
3,007,017

Creditors: amounts falling due within one year
 6 
(2,106,671)
(3,146,211)

Net current liabilities
  
 
 
100
 
 
(139,194)

Total assets less current liabilities
  
100
(139,194)

  

Net liabilities
  
100
(139,194)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
-
(139,294)

  
100
(139,194)


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: 9 November 2023

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

 
FORMULA S4 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Formula S4 Limited is a private company, limited by shares, registered in England and Wales, registration number 13160901. The registered office address is 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

Turnover

Turnover from production of motion pictures is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover from production of motion pictures is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

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

 
2.5

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 carried forward against future profits.

 
2.6

Debtors

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

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

2

 
FORMULA S4 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.9

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.


3.


Employees

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


4.


Debtors

2023
2022
£
£


Other debtors
2,091,597
3,006,904



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
15,174
113



6.


Creditors: amounts falling due within one year

As restated
2023
2022
£
£

Other loans
2,091,489
2,078,964

Trade creditors
15,182
545,748

Other creditors
-
345,000

Accruals
-
176,499

2,106,671
3,146,211


3

 
FORMULA S4 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100  Ordinary shares of £1.00 each
100
100



8.


Prior year adjustment

In the prior year, the amount due to commissioners of  £2,078,264 is reclassified to other loans from other creditors.The loan is interest free and has been fully repaid after the year end.


9.


Related party transactions

Included within other creditors at the year end is a balance of £Nil (2022 - £345,000) due to the companies under common control. The loan is interest free and repayable on demand. 

 
4