Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-06-282falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0falsetrue 14201324 2022-06-27 14201324 2022-06-28 2023-06-30 14201324 2021-06-28 2022-06-27 14201324 2023-06-30 14201324 c:Director2 2022-06-28 2023-06-30 14201324 d:CurrentFinancialInstruments 2023-06-30 14201324 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14201324 d:ShareCapital 2023-06-30 14201324 c:FRS102 2022-06-28 2023-06-30 14201324 c:AuditExempt-NoAccountantsReport 2022-06-28 2023-06-30 14201324 c:FullAccounts 2022-06-28 2023-06-30 14201324 c:PrivateLimitedCompanyLtd 2022-06-28 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 14201324









MMAM FILMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2023

 
MMAM FILMS LIMITED
REGISTERED NUMBER: 14201324

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2023
Note
£
£

  

Current assets
  

Stocks
  
1,030,264

Debtors: amounts falling due within one year
 5 
17,510

Cash at bank and in hand
  
812,080

  
1,859,854

Creditors: amounts falling due within one year
 6 
(1,859,754)

Net current assets
  
 
 
100

  

Net assets
  
100


Capital and reserves
  

Called up share capital 
  
100

  
100


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 period 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 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 by: 




S L Chinn
Director

Date: 14 March 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
MMAM FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.


General information

MMAM Films Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The address of its registered office is 10 Amwell Street, London, EC1R 1UQ.
The company was incorporated on 28 June 2022.

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.

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.

 
2.3

Stocks

Stocks take the form of work in progress. Work in progress relates to direct production costs incurred on TV programme productions not yet delivered. Production costs are recognised in the income statement as soon as the production is delivered and the related sale is recognised.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

 
2.4

Debtors

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

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours. 

Page 2

 
MMAM FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

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 third parties and loans to/from related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Stocks

2023
£

Work in progress
1,030,264

1,030,264


Work in progress comprises costs incurred on TV programme production for which the programmes have not yet been completed or delivered. This is held at the lower of cost and net realisable value.


5.


Debtors

2023
£


Amounts owed by group undertakings
17,510

17,510


Page 3

 
MMAM FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

6.


Creditors: Amounts falling due within one year

2023
£

Other loans
1,166,745

Amounts owed to group undertakings
117,581

Accruals and deferred income
575,428

1,859,754


The following liabilities were secured:

2023
£



Other loans
1,166,745

Deferred income
540,000

1,706,745

Details of security provided:

Production finance totalling £1,706,745 is secured by fixed and floating charges over all the current and future assets of the company.


7.


Related party transactions

The company has taken advantage of the exemption from disclosing transactions entered into between two or more members of the group, where any subsidiary undertaking which is party to the transaction is wholly owned by a member of that group.

 
Page 4