Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06811118 2022-01-01 2022-12-31 06811118 2021-01-01 2021-12-31 06811118 2022-12-31 06811118 2021-12-31 06811118 c:Director2 2022-01-01 2022-12-31 06811118 d:OfficeEquipment 2022-01-01 2022-12-31 06811118 d:OfficeEquipment 2022-12-31 06811118 d:OfficeEquipment 2021-12-31 06811118 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 06811118 d:ComputerEquipment 2022-01-01 2022-12-31 06811118 d:ComputerEquipment 2022-12-31 06811118 d:ComputerEquipment 2021-12-31 06811118 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 06811118 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 06811118 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 06811118 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-12-31 06811118 d:ComputerSoftware 2022-12-31 06811118 d:ComputerSoftware 2021-12-31 06811118 d:CurrentFinancialInstruments 2022-12-31 06811118 d:CurrentFinancialInstruments 2021-12-31 06811118 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06811118 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 06811118 d:ShareCapital 2022-12-31 06811118 d:ShareCapital 2021-12-31 06811118 d:RetainedEarningsAccumulatedLosses 2022-12-31 06811118 d:RetainedEarningsAccumulatedLosses 2021-12-31 06811118 c:OrdinaryShareClass1 2022-01-01 2022-12-31 06811118 c:OrdinaryShareClass1 2022-12-31 06811118 c:OrdinaryShareClass1 2021-12-31 06811118 c:FRS102 2022-01-01 2022-12-31 06811118 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 06811118 c:FullAccounts 2022-01-01 2022-12-31 06811118 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 06811118 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2022-01-01 2022-12-31 06811118 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-01-01 2022-12-31 06811118 d:ExternallyAcquiredIntangibleAssets 2022-01-01 2022-12-31 06811118 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-01-01 2022-12-31 06811118 d:ComputerSoftware d:OwnedIntangibleAssets 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06811118









FANTASY PRODUCTION MUSIC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
FANTASY PRODUCTION MUSIC LIMITED
REGISTERED NUMBER: 06811118

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
27,351
40,854

Tangible assets
 5 
2,030
1,155

  
29,381
42,009

Current assets
  

Bank and cash balances
  
44,282
4,584

  
44,282
4,584

Creditors: amounts falling due within one year
 6 
(776,970)
(811,054)

Net current liabilities
  
 
 
(732,688)
 
 
(806,470)

Net liabilities
  
(703,307)
(764,461)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(703,407)
(764,561)

  
(703,307)
(764,461)


Page 1

 
FANTASY PRODUCTION MUSIC LIMITED
REGISTERED NUMBER: 06811118
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

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 15 November 2023.


P R Bennett
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FANTASY PRODUCTION MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Fantasy Production Music Limited is a private company limited by shares and is incorporated in England. The address of the registered office is 115 Hawes Lane, West Wickham, England, BR4 9AA.

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

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue comprises royalties receivable.
 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Intangible assets are amortised over their useful life of 4 years.
 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
on cost
Computer equipment
-
25%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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.

Page 3

 
FANTASY PRODUCTION MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. 

 
2.7

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/from related parties.

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Intangible assets




Development expenditure
Other
Total

£
£
£



Cost


At 1 January 2022
20,788
470,282
491,070


Additions
-
11,054
11,054



At 31 December 2022

20,788
481,336
502,124



Amortisation


At 1 January 2022
20,788
429,428
450,216


Charge for the year on owned assets
-
24,557
24,557



At 31 December 2022

20,788
453,985
474,773



Net book value



At 31 December 2022
-
27,351
27,351



At 31 December 2021
-
40,854
40,854



Page 4

 
FANTASY PRODUCTION MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2022
47,155
1,540
48,695


Additions
1,383
-
1,383



At 31 December 2022

48,538
1,540
50,078



Depreciation


At 1 January 2022
47,155
385
47,540


Charge for the year on owned assets
277
231
508



At 31 December 2022

47,432
616
48,048



Net book value



At 31 December 2022
1,106
924
2,030



At 31 December 2021
-
1,155
1,155


6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
9,244
1,353

Amounts owed to group undertakings
721,497
790,772

Other taxation and social security
3,035
4,898

Other creditors
9,365
-

Accruals
33,829
14,031

776,970
811,054


Page 5

 
FANTASY PRODUCTION MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100



8.


Controlling party

The immediate and ultimate parent company is Millennium Production Music Limited.

 
Page 6