Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseThe principal activity of the company during the year was the set up and planning for production of a live action film.11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02363112 2022-04-01 2023-03-31 02363112 2021-04-01 2022-03-31 02363112 2023-03-31 02363112 2022-03-31 02363112 c:CompanySecretary1 2022-04-01 2023-03-31 02363112 c:Director1 2022-04-01 2023-03-31 02363112 c:RegisteredOffice 2022-04-01 2023-03-31 02363112 d:CurrentFinancialInstruments 2023-03-31 02363112 d:CurrentFinancialInstruments 2022-03-31 02363112 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02363112 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02363112 d:ShareCapital 2023-03-31 02363112 d:ShareCapital 2022-03-31 02363112 d:RetainedEarningsAccumulatedLosses 2023-03-31 02363112 d:RetainedEarningsAccumulatedLosses 2022-03-31 02363112 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 02363112 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 02363112 c:OrdinaryShareClass1 2022-04-01 2023-03-31 02363112 c:OrdinaryShareClass1 2023-03-31 02363112 c:OrdinaryShareClass1 2022-03-31 02363112 c:FRS102 2022-04-01 2023-03-31 02363112 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02363112 c:FullAccounts 2022-04-01 2023-03-31 02363112 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02363112









CAMEL PRODUCTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CAMEL PRODUCTIONS LIMITED
 
 
COMPANY INFORMATION


Director
P Bamborough 




Company secretary
A Sinclair



Registered number
02363112



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

London

EC4A 3AQ




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
CAMEL PRODUCTIONS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
CAMEL PRODUCTIONS LIMITED
REGISTERED NUMBER: 02363112

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Work in progress
 5 
1,950
-

Debtors: amounts falling due within one year
 6 
960
921

Cash at bank and in hand
 7 
358,972
342,624

  
361,882
343,545

Creditors: amounts falling due within one year
 8 
(83,090)
(69,131)

Net current assets
  
 
 
278,792
 
 
274,414

Total assets less current liabilities
  
278,792
274,414

  

Net assets
  
278,792
274,414


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
278,790
274,412

  
278,792
274,414


Page 1

 
CAMEL PRODUCTIONS LIMITED
REGISTERED NUMBER: 02363112
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 profit and loss account 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 by: 




P Bamborough
Director

Date: 27 November 2023

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

Page 2

 
CAMEL PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Camel Productions Limited ("the company") is a private company, limited by shares, incorporated in England and Wales with registration number of 02363112. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

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 financial statements have been prepared on a going concern basis which assumes the continued support of the shareholder for a period of at least one year from the date of signing of these financial statements, therefore the director considers the adoption of the going concern basis in preparing these financial statements is appropriate.

  
2.3

Cash flow

The financial statements do not include a Cash Flow Statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement.

 
2.4

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 that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.5

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.

Page 3

 
CAMEL PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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 balance sheet date in the countries where the company operates and generates income.

 
2.7

Stocks

Stocks comprise of work in progress which are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost comprises of film related production expenses incurred in relation to ongoing projects which are in progress.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, 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. 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.

 
2.10

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.

 
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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
CAMEL PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Other income

2023
2022
£
£

Settlement of script rights
-
727,380

-
727,380



4.


Employees

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


5.


Stocks

2023
2022
£
£

Work in progress
1,950
-


Work in progress relates to costs incurred in connection with the ongoing film production expenses.


6.


Debtors

2023
2022
£
£


VAT repayable
960
921



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
358,972
342,624


Page 5

 
CAMEL PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,027
66,146

Other creditors
76,063
1,029

Accruals and deferred income
6,000
1,956

83,090
69,131


Included in other creditors is a loan of £76,063 (2022 - £1,029) due to the director which is unsecured, interest free and repayable on demand.


9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
358,972
342,624




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares shares of £1 each
2
2



11.


Controlling party

The ultimate controlling party is P Bamborough.

Page 6