REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 AUGUST 2021 TO 31 DECEMBER 2022 |
FOR |
A PRODUCTIONS LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 AUGUST 2021 TO 31 DECEMBER 2022 |
FOR |
A PRODUCTIONS LIMITED |
A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
A PRODUCTIONS LIMITED |
COMPANY INFORMATION |
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
and Statutory Auditor |
61 Queen Square |
Bristol |
BS1 4JZ |
A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069) |
BALANCE SHEET |
31 DECEMBER 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069) |
BALANCE SHEET - continued |
31 DECEMBER 2022 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022 |
1. | STATUTORY INFORMATION |
A Productions Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparation for the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about A Productions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover represents amounts earned from the sale of goods and services provided during the year. |
In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion. |
Tangible fixed assets |
Long leasehold | - |
Plant and machinery | - |
Fixtures and fittings | - |
Equipment | - |
No depreciation has been provided on the long leasehold property in the year as it was sold shortly after the year end. |
Government grants |
The company furloughed staff under the Government's Coronavirus Job Retention Scheme (CJRS) in the prior year. Income receivable under the CJRS and relating to the accounting year has been recognised as Other Operating Income under the accruals basis. Salaries paid continue to be included with costs as usual. |
The company also received other grant payments during the year. These have been recognised as Other Operating Income when received. |
A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022 |
2. | ACCOUNTING POLICIES - continued |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Operating lease agreements |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Financial instruments |
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs. |
A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022 |
2. | ACCOUNTING POLICIES - continued |
Fees received in advance |
Monies received in respect of television series production in progress at the balance sheet date are initially treated as deferred income. Income is recognised on contract completion or when the right to consideration is earned, in accordance with FRS102. |
Going concern |
The directors have reviewed the going concern status of the business and have concluded that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing these financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Long | Plant and | and |
leasehold | machinery | fittings | Equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 August 2021 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 December 2022 |
DEPRECIATION |
At 1 August 2021 |
Charge for period |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 July 2021 |
A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 August 2021 |
Additions |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 July 2021 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: 52 Old Market Street, Bristol, BS2 0ER |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Registered office: 52 Old Market Street, Bristol, BS2 0ER |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Registered office: 52 Old Market Street, Bristol, BS2 0ER |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022 |
5. | FIXED ASSET INVESTMENTS - continued |
Registered office: 52 Old Market Street, Bristol, BS2 0ER |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Registered office: 15 Colston Street, Bristol, BS1 5AP |
Nature of business: |
% |
Class of shares: | holding |
£ |
Aggregate capital and reserves |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Corporation tax repayable |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Corporation tax |
Social security and other taxes |
VAT | 134,930 | 50,684 |
Other creditors |
Director's current account | - | 139,499 |
Accruals and deferred income |
A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022 |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2022 | 2021 |
£ | £ |
Within one year |
Between one and five years |
9. | PROVISIONS FOR LIABILITIES |
2022 | 2021 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Other timing differences | (832 | ) | (664 | ) |
21,086 | 10,730 |
Deferred |
tax |
£ |
Balance at 1 August 2021 |
Charge to Income Statement during period |
Balance at 31 December 2022 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
NIL | Ordinary Class A - £1 | £1 | - | 350 |
NIL | Ordinary Class B - £1 | £1 | - | 100 |
NIL | Ordinary Class C - £1 | £1 | - | 100 |
NIL | Ordinary Class D - £1 | £1 | - | 450 |
A Ordinary - 10p | 10p | 605 | - |
2,254 | B Ordinary - 10p | 10p | 225 | - |
2,254 | C Ordinary - 10p | 10p | 225 | - |
1,055 | 1,000 |
A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022 |
10. | CALLED UP SHARE CAPITAL - continued |
On 22 December 2021, the 350 Ordinary A shares of £1 each were sub-divided into 3,500 Ordinary A shares of £0.10 each, the 100 Ordinary B shares of £1 each were sub-divided into 1,000 Ordinary B shares of £0.10 each, the 100 Ordinary C shares of £1 each were sub-divided into 1,000 Ordinary C shares of £0.10 each and the 450 Ordinary D shares of £1 each were sub-divided into 4,500 Ordinary D shares of £0.10 each. |
On 31 December 2021, 754 Ordinary A shares of £0.10 each, 1,000 Ordinary B shares of £0.10 each and 500 Ordinary C shares of £0.10 each were re-designated as 2,254 B Ordinary shares of £0.10 each. |
On 31 December 2021, 500 Ordinary C shares of £0.10 each and 1,754 Ordinary D shares of £0.10 each were re-designated as 2,254 C Ordinary shares of £0.10 each. |
On 31 December 2021, 2,746 Ordinary A shares of £0.10 each and 2,746 Ordinary D shares of £0.10 each were re-designated as 5,492 A Ordinary shares of £0.10 each. |
On 31 December 2021, the company allotted 557 A Ordinary Shares for a consideration of £300,000. |
A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022 |
11. | RELATED PARTY DISCLOSURES |
During the period rent and rates of £45,920 (2021 - £27,341) were paid to MRD Properties Limited, a company in which A M Taylor holds a 33% interest. |
During the period rent and service charges of £111,159 (2021 - £24,935) were paid to the Self Invested Personal Pension Schemes of A M Taylor and Mrs K A McQueen. |
During the period, the company made loans of £Nil (2021 - £299,400) to the Self Invested Personal Pension Schemes of A M Taylor and Mrs K A McQueen. Interest amounting to £9,274 (2021 - £2,962) was paid by the Self Invested Personal Pension Schemes of A M Taylor and Mrs K A McQueen to A Productions Limited during the period. The company was owed £95,924 (2021 - £290,798) by the Self Invested Personal Pension Schemes of A M Taylor and Mrs K A McQueen at the end of the period.The loans are repayable over 10 years and attract interest of 3% per annum. |
During the period the company made sales of £2,771,191 (2021 - £660,746) to and settled liabilities of £596,255 (2021 - £108,882) on behalf of it's wholly owned subsidiary, APST Limited. At the period end A Productions Limited was owed £280,665 by APST Limited (2021 - £313,787). No interest is charged on this loan. |
During the period the company made sales of £5,223,812 (2021 - £1,062,337) to it's wholly owned subsidiary, APMEOS Limited. At the period end A Productions Limited was owed £200,099 by APMEOS Limited (2021 - £105). No interest is charged on this loan. |
During the period the company made sales of £1,209,027 (2021 - £1,568,878) to it's wholly owned subsidiary, APEPT Ltd. At the period end A Productions Limited was owed £21,585 by APEPT Ltd (2021 - £75,762). No interest is charged on this loan. |
During the period the company made sales of £523,729 (2021 - £313,636) to it's 50% owned subsidiary, KAPRODS Ltd. At the period end A Productions Limited owed KAPRODS Ltd £16 (2021 - KAProds owed £86,332). No interest was charged on this loan. |
During the period the company made sales of £119,222 to it's wholly owned subsidiary, APDG Ltd. At the period end A Productions Limited was owed £184,573 by APDG Ltd. No interest was charged on this loan. |
At 31 December 2022 the company was owed £200,000 by its immediate parent company Cyber Group Studios. |
At the period end the company owed a total of £Nil (2021 - £132,194) to the director, A M Taylor. No interest is charged on this balance. |
At the period end the company owed a total of £Nil (2021 - £7,305) to the director, K A McQueen. No interest is charged on this balance. |
12. | ULTIMATE CONTROLLING PARTY |
The company was under the control of A M Taylor and his wife and Mrs K A McQueen until 22 December 2021 when Cyber Group Studios acquired a controlling interest in the company. |
There is no one ultimate controlling party of Cyber Group Studios. |