Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-03-01falseNo description of principal activity11truetrue NI658963 2022-03-01 2023-02-28 NI658963 2021-03-01 2022-02-28 NI658963 2023-02-28 NI658963 2022-02-28 NI658963 c:Director1 2022-03-01 2023-02-28 NI658963 d:CurrentFinancialInstruments 2023-02-28 NI658963 d:CurrentFinancialInstruments 2022-02-28 NI658963 d:Non-currentFinancialInstruments 2023-02-28 NI658963 d:Non-currentFinancialInstruments 2022-02-28 NI658963 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 NI658963 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 NI658963 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 NI658963 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 NI658963 d:ShareCapital 2023-02-28 NI658963 d:ShareCapital 2022-02-28 NI658963 d:RetainedEarningsAccumulatedLosses 2023-02-28 NI658963 d:RetainedEarningsAccumulatedLosses 2022-02-28 NI658963 c:FRS102 2022-03-01 2023-02-28 NI658963 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 NI658963 c:FullAccounts 2022-03-01 2023-02-28 NI658963 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: NI658963









ALLEYCATS FEATURES - LOST BOYS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
ALLEYCATS FEATURES - LOST BOYS LTD
REGISTERED NUMBER: NI658963

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
83,743
61,543

Debtors: amounts falling due within one year
 5 
3,652
18,202

Cash at bank and in hand
 6 
38,057
37,891

  
125,452
117,636

Creditors: amounts falling due within one year
 7 
(102,852)
(84,954)

Net current assets
  
 
 
22,600
 
 
32,682

Total assets less current liabilities
  
22,600
32,682

Creditors: amounts falling due after more than one year
 8 
(22,500)
(32,500)

  

Net assets
  
100
182


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
-
82

  
100
182


The director considers 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 director acknowledges his 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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
ALLEYCATS FEATURES - LOST BOYS LTD
REGISTERED NUMBER: NI658963
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 November 2023.




E Stobart
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ALLEYCATS FEATURES - LOST BOYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Alleycats Features - Lost Boys Ltd is a private company limited by shares and registered in Northern Ireland. The address of its registered office is Unit 2, Bay Road Business Park, Bay Road, Derry, Northern Ireland, BT48 7SE.

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

Going concern

The company meets its day to day working capital requirements through the utilisation of its own funds and loan facilities.
Existing funding facilities, forecasts and projections indicate that the company has adequate resources to continue with some level of activity from a minimal to full levels. Although the potential effect of the coronavirus can be modelled, it is very difficult to determine the assumptions that will prove to be most appropriate and therefore there is an element of doubt existing that cannot be quantified.
After reviewing the company's forecasts and projections, the directors 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 in preparing its financial statements, but with the proviso that a material uncertainly exists over the company’s future.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

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

Page 3

 
ALLEYCATS FEATURES - LOST BOYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on film 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 forward against future profits.

 
2.7

Stocks

Stocks comprise film production costs, which are recorded as a current asset. Film production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.

 
2.8

Debtors

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

 
2.9

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.

 
2.10

Creditors

Short term creditors are measured at the transaction price, less any impairment.

 
2.11

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, and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Stocks

2023
2022
£
£

Film production costs
83,743
61,543

83,743
61,543


Page 4

 
ALLEYCATS FEATURES - LOST BOYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Other debtors
3,652
18,202

3,652
18,202



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
38,057
37,891

38,057
37,891



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
-
3,300

Amounts owed to group undertakings
76,602
57,904

Other creditors
11,250
11,250

Accruals and deferred income
5,000
2,500

102,852
84,954



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
22,500
32,500

22,500
32,500



9.


Controlling party

During the period, the company was under the control of E Stobart by virtue of their shareholding.

 
Page 5