Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true2022-01-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05319445 2022-01-01 2022-12-31 05319445 2021-01-01 2021-12-31 05319445 2022-12-31 05319445 2021-12-31 05319445 c:Director1 2022-01-01 2022-12-31 05319445 d:FurnitureFittings 2022-01-01 2022-12-31 05319445 d:FurnitureFittings 2022-12-31 05319445 d:FurnitureFittings 2021-12-31 05319445 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 05319445 d:ComputerEquipment 2022-01-01 2022-12-31 05319445 d:ComputerEquipment 2022-12-31 05319445 d:ComputerEquipment 2021-12-31 05319445 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 05319445 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 05319445 d:CurrentFinancialInstruments 2022-12-31 05319445 d:CurrentFinancialInstruments 2021-12-31 05319445 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05319445 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 05319445 d:ShareCapital 2022-12-31 05319445 d:ShareCapital 2021-12-31 05319445 d:RetainedEarningsAccumulatedLosses 2022-12-31 05319445 d:RetainedEarningsAccumulatedLosses 2021-12-31 05319445 c:OrdinaryShareClass1 2022-01-01 2022-12-31 05319445 c:OrdinaryShareClass1 2022-12-31 05319445 c:OrdinaryShareClass1 2021-12-31 05319445 c:FRS102 2022-01-01 2022-12-31 05319445 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 05319445 c:FullAccounts 2022-01-01 2022-12-31 05319445 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 05319445 2 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05319445









UNDERDOG PRODUCTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
UNDERDOG PRODUCTIONS LIMITED
REGISTERED NUMBER: 05319445

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
928
849

  
928
849

Current assets
  

Cash at bank and in hand
 5 
100,888
93,724

  
100,888
93,724

Creditors: amounts falling due within one year
 6 
(9,012)
(14,017)

Net current assets
  
 
 
91,876
 
 
79,707

Total assets less current liabilities
  
92,804
80,556

  

Net assets
  
92,804
80,556


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
92,802
80,554

  
92,804
80,556


Page 1

 
UNDERDOG PRODUCTIONS LIMITED
REGISTERED NUMBER: 05319445
    
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 30 November 2023.




S Walker
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
UNDERDOG PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Underdog Productions Limited is a private company limited by shares and incorporated in England and Wales (registered number 05319445). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
UNDERDOG PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.3

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

Page 4

 
UNDERDOG PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
Reducing balance method
Computer equipment
-
33%
Reducing balance method

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.

 
2.7

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

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

Page 5

 
UNDERDOG PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2022
3,948
-
3,948


Additions
-
249
249



At 31 December 2022

3,948
249
4,197



Depreciation


At 1 January 2022
3,099
-
3,099


Charge for the year on owned assets
127
43
170



At 31 December 2022

3,226
43
3,269



Net book value



At 31 December 2022
722
206
928



At 31 December 2021
849
-
849


5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
100,889
93,724

100,889
93,724



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
4,207
888

Other creditors
245
8,569

Accruals and deferred income
4,560
4,560

9,012
14,017


Page 6

 
UNDERDOG PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



2 (2021 - 2) Ordinary shares of £1.00 each
2
2


 
Page 7