Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31No description of principal activity12022-01-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13081835 2022-01-01 2022-12-31 13081835 2021-01-01 2021-12-31 13081835 2022-12-31 13081835 2021-12-31 13081835 c:Director1 2022-01-01 2022-12-31 13081835 d:CurrentFinancialInstruments 2022-12-31 13081835 d:CurrentFinancialInstruments 2021-12-31 13081835 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13081835 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 13081835 d:ShareCapital 2022-12-31 13081835 d:ShareCapital 2021-12-31 13081835 d:RetainedEarningsAccumulatedLosses 2022-12-31 13081835 d:RetainedEarningsAccumulatedLosses 2021-12-31 13081835 c:FRS102 2022-01-01 2022-12-31 13081835 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 13081835 c:FullAccounts 2022-01-01 2022-12-31 13081835 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 13081835









IN.2 FILMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
IN.2 FILMS LIMITED
REGISTERED NUMBER: 13081835

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Stocks
 4 
222,503
73,026

Debtors: amounts falling due within one year
 5 
4,301
10,564

Cash at bank and in hand
 6 
72,116
86,365

  
298,920
169,955

Creditors: amounts falling due within one year
 7 
(313,627)
(166,117)

Net current (liabilities)/assets
  
 
 
(14,707)
 
 
3,838

Total assets less current liabilities
  
(14,707)
3,838

  

Net (liabilities)/assets
  
(14,707)
3,838


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(14,807)
3,738

  
(14,707)
3,838


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 November 2023.



S Deuters
Director

Page 1

 
IN.2 FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

In.2 Films Limited is a company limited by shares and is registered in England and Wales. The registered
number is 13081835 and the registered office 124 Finchley Road, London, United Kingdom, NW3 5JS.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises producer fees and are recognised in the period in which the service is performed.

 
2.3

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 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.

 
2.4

Stocks

Stocks comprise fim development costs, which are recorded as a current asset. Film development costs are initially recorded at cost and reviewed for impairment at each reporting date with any impairment adjustments recognised through profit or loss.  Fim development costs are recognised through profit or loss in the period in which the project enters production and the corresponding income is received.

 
2.5

Debtors

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

 
2.6

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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

Page 2

 
IN.2 FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

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.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2022
        2021
            No.
            No.







Director
1
1


4.


Stocks

2022
2021
£
£

Work in progress - film development costs
222,503
73,026

222,503
73,026



5.


Debtors

2022
2021
£
£


Other debtors
4,201
10,464

Called up share capital not paid
100
100

4,301
10,564



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
72,116
86,365

72,116
86,365


Page 3

 
IN.2 FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other loans
300,000
150,000

Trade creditors
3,250
10,740

Corporation tax
877
877

Accruals and deferred income
9,500
4,500

313,627
166,117


 
Page 4