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REGISTERED NUMBER: 07552706 (England and Wales)















Q Pootle 5 Limited

Financial Statements for the Year Ended 30th September 2023






Q Pootle 5 Limited (Registered number: 07552706)

Contents of the Financial Statements
for the Year Ended 30th September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Q Pootle 5 Limited

Company Information
for the Year Ended 30th September 2023







DIRECTORS: A R Baker
R J Benton
G B R Lynn
L Hanson
C J Bennett





REGISTERED OFFICE: 11 The Goffs
Eastbourne
East Sussex
BN21 1HA





REGISTERED NUMBER: 07552706 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Q Pootle 5 Limited (Registered number: 07552706)

Balance Sheet
30th September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,612 3,576

CURRENT ASSETS
Debtors 5 2,031 2,647
Cash at bank 452 1,262
2,483 3,909
CREDITORS
Amounts falling due within one year 6 (120,602 ) (120,377 )
NET CURRENT LIABILITIES (118,119 ) (116,468 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(116,507

)

(112,892

)

CREDITORS
Amounts falling due after more than
one year

7

(769,625

)

(717,152

)
NET LIABILITIES (886,132 ) (830,044 )

CAPITAL AND RESERVES
Called up share capital 8 755 755
Share premium 9 3,428,588 3,428,588
Retained earnings 9 (4,315,475 ) (4,259,387 )
SHAREHOLDERS' FUNDS (886,132 ) (830,044 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Q Pootle 5 Limited (Registered number: 07552706)

Balance Sheet - continued
30th September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th January 2024 and were signed on its behalf by:





C J Bennett - Director


Q Pootle 5 Limited (Registered number: 07552706)

Notes to the Financial Statements
for the Year Ended 30th September 2023


1. STATEMENT OF COMPLIANCE

Q Pootle 5 Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 11 The Goffs, Eastbourne, East Sussex, BN21 1HA. The registration number is 07552706.

The financial statement are presented in sterling which is is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company shows net liabilities at the balance sheet date of £830,044. Payment to a significant element of the company's creditors at the balance sheet date is entirely dependent on income specifically receivable from a programme that has been funded by these creditors. The directors have confirmed that they will continue to financially support the company as required.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises revenue recognised by the company in respect of royalty income and license fees received from television broadcasters during the year, exclusive of value added tax. Revenue is recognised in the period in which it is earned from the broadcasters and is calculated in line with the agreements.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Q Pootle 5 Limited (Registered number: 07552706)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the
contractual provisions of the financial instrument.

Cash and cash equivalents
These comprise cash at bank and other short term liquid investments.

Debtors
Short term debtors are stated at their nominal value. Loans receivable are measured initially at their nominal value and are measured subsequently at amortised cost using the effective interest method. Appropriate allowances for estimated irrecoverable amounts are recognised in the Income Statement when there is objective evidence that the asset is impaired.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Q Pootle 5 Limited (Registered number: 07552706)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1st October 2022
and 30th September 2023 19,639
AMORTISATION
At 1st October 2022 16,063
Amortisation for year 1,964
At 30th September 2023 18,027
NET BOOK VALUE
At 30th September 2023 1,612
At 30th September 2022 3,576

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 347
VAT 1,813 2,300
Prepayments and accrued income 218 -
2,031 2,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,028 4,904
Directors' current accounts 97,421 97,421
Accruals and deferred income 18,153 18,052
120,602 120,377

Q Pootle 5 Limited (Registered number: 07552706)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,440 5,028
Bank loans - 2-5 years 1,343 11,782
Other loans 757,842 700,342
769,625 717,152

Included in creditors due after more than one year is an amount of £337,052 (2022: £337,052) which is repayable only out of income generated from the Q Pootle 5 Christmas Special. Accordingly, there are no specific repayment dates as this is dependent entirely on the income flow from this specific programme.

A creditor due after more than one year amounting to £420,790 (2022: 363,290) is repayable at the later of such a time that the second series of the children's television programme known as 'Q Pootle 5' is funded and production commences, or until such time as the board of directors, in their absolute discretion, determines that the company is in a financial position to make such repayments.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,850,555 A Shares 0.000 1 385 385
2,563,460 B Shares 0.000 1 256 256
1,136,090 C Shares 0.000 1 114 114
755 755

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st October 2022 (4,259,387 ) 3,428,588 (830,799 )
Deficit for the year (56,088 ) (56,088 )
At 30th September 2023 (4,315,475 ) 3,428,588 (886,887 )

Q Pootle 5 Limited (Registered number: 07552706)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023


10. RELATED PARTY DISCLOSURES

Directors of the company are owed £97,421 (2022: £97,421), these loan are unsecured and interest free. Of this balance £71,521 (2022: £71,521) is repayable only out of income generated from the Q Pootle 5 Christmas Special. Accordingly, there are no specific repayment dates as this is dependent entirely on the income flow from this specific programme.

Included in other creditors due after more than one year are loans of £513,460. (2022: £455,960) provide by a shareholder with a participating interest. The loan is unsecured and interest free.