1 May 2022 v2023.26.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP134167262022-05-012023-04-30134167262023-04-30134167262022-04-3013416726core:WithinOneYear2023-04-3013416726core:WithinOneYear2022-04-3013416726core:ShareCapital2023-04-3013416726core:RetainedEarningsAccumulatedLosses2023-04-3013416726core:RetainedEarningsAccumulatedLosses2022-04-3013416726bus:Director12022-05-012023-04-3013416726bus:Director22022-05-012023-04-3013416726bus:RegisteredOffice2022-05-012023-04-30134167262021-05-242022-04-3013416726core:PlantMachinery2022-05-0113416726core:PlantMachinery2022-05-012023-04-3013416726core:PlantMachinery2023-04-3013416726core:PlantMachinery2022-04-301341672612022-05-012023-04-3013416726countries:EnglandWales2022-05-012023-04-3013416726bus:AuditExempt-NoAccountantsReport2022-05-012023-04-3013416726bus:PrivateLimitedCompanyLtd2022-05-012023-04-3013416726bus:SmallEntities2022-05-012023-04-3013416726bus:FullAccounts2022-05-012023-04-30
Company registration number:
13416726
Rope Ladder Fiction Limited
Unaudited Filleted Financial Statements for the year ended
30 April 2023
The Blue Skies Partnership
Skyview House, 10 St Neots Road , Sandy, Bedfordshire, SG19 1LB, United Kingdom
Rope Ladder Fiction Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Rope Ladder Fiction Limited
Year ended
30 April 2023
As described on the statement of financial position, the Board of Directors of
Rope Ladder Fiction Limited
are responsible for the preparation of the
financial statements
for the year ended
30 April 2023
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
The Blue Skies Partnership
Skyview House
10 St Neots Road
Sandy
Bedfordshire
SG19 1LB
United Kingdom
Rope Ladder Fiction Limited
Statement of Financial Position
30 April 2023
20232022
Note££
Fixed assets    
Tangible assets 5
1,032
 
1,126
 
Current assets    
Debtors 6
1,000
 
22,250
 
Cash at bank and in hand
340,542
 
210,068
 
341,542
 
232,318
 
Creditors: amounts falling due within one year 7
(77,465
)
(83,571
)
Net current assets
264,077
 
148,747
 
Total assets less current liabilities 265,109   149,873  
Capital and reserves    
Called up share capital
20
  -  
Profit and loss account
265,089
 
149,873
 
Shareholders funds
265,109
 
149,873
 
For the year ending
30 April 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 financial statements 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 financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
30 September 2023
, and are signed on behalf of the board by:
Mr C Collier- Roach
Mrs L Collier- Roach
DirectorDirector
Company registration number:
13416726
Rope Ladder Fiction Limited
Notes to the Financial Statements
Year ended
30 April 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
The Sharp Project
,
Thorp Road
,
Manchester
,
M40 5BJ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets and liabilities and investment properties measured at fair value through profit or loss.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
During the period in questions, apart from those involving estimations, the management has made no judgements or uncertain policy, within the process of applying the entity’s accounting policies.

Revenue Recognition

Fee income represents revenue earned under a wide variety of contracts to provide television and media production services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.
Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors. Payments on account in excess of the relevant amount of revenue are included in creditors.
Fee income that is contingent on events outside the control of the firm, is recognised when the contingent event occurs.

Current tax

Taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted.

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.
During the period in review, no assets were revalued, meaning no change in the carrying amount of an asset.

Impairment

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 within these accounts, there have been no impairments in this period.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2022:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 May 2022
1,580
 
Additions
557
 
At
30 April 2023
2,137
 
Depreciation  
At
1 May 2022
454
 
Charge
651
 
At
30 April 2023
1,105
 
Carrying amount  
At
30 April 2023
1,032
 
At 30 April 2022
1,126
 

6 Debtors

20232022
££
Trade debtors -  
18,000
 
Other debtors
1,000
 
4,250
 
1,000
 
22,250
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
(672
)
518
 
Taxation and social security
64,219
 
57,795
 
Other creditors
13,918
 
25,258
 
77,465
 
83,571
 

8 Directors' advances, credit and guarantees

Amounts of £21,651 (2022 £25) were advanced interest free, and repayable on demand, by the directors during the year. At the year end, £13,568 was owed to the directors by the company (2022 £25,258).