Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30Motion picture production activitiesfalse1falsetrue2022-05-011The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07592526 2022-05-01 2023-04-30 07592526 2021-05-01 2022-04-30 07592526 2023-04-30 07592526 2022-04-30 07592526 c:Director1 2022-05-01 2023-04-30 07592526 d:OfficeEquipment 2022-05-01 2023-04-30 07592526 d:OfficeEquipment 2023-04-30 07592526 d:OfficeEquipment 2022-04-30 07592526 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 07592526 d:CurrentFinancialInstruments 2023-04-30 07592526 d:CurrentFinancialInstruments 2022-04-30 07592526 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07592526 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 07592526 d:ShareCapital 2023-04-30 07592526 d:ShareCapital 2022-04-30 07592526 d:RetainedEarningsAccumulatedLosses 2023-04-30 07592526 d:RetainedEarningsAccumulatedLosses 2022-04-30 07592526 c:OrdinaryShareClass1 2022-05-01 2023-04-30 07592526 c:OrdinaryShareClass1 2023-04-30 07592526 c:OrdinaryShareClass1 2022-04-30 07592526 c:FRS102 2022-05-01 2023-04-30 07592526 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 07592526 c:FullAccounts 2022-05-01 2023-04-30 07592526 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07592526













FORJA ENTERTAINMENT LIMITED
UNAUDITED
 FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
FORJA ENTERTAINMENT LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
FORJA ENTERTAINMENT LIMITED
REGISTERED NUMBER:07592526

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
79
344

Current assets
  

Cash at bank and in hand
  
167
187

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(32,323)
(29,998)

Net current liabilities
  
 
 
(32,156)
 
 
(29,811)

  

Net liabilities
  
(32,077)
(29,467)


Capital and reserves
  

Called up share capital 
 6 
1,000
1,000

Profit and loss account
  
(33,077)
(30,467)

  
(32,077)
(29,467)


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 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 15 January 2024.




C Jethwa
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
FORJA ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Forja Entertainment Limited is a private limited liability company registered in England and Wales. Its  registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD.
.
The principal activity of the company continued to be that of motion picture production.
The company's functional and presentational currency is £ sterling

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 company made a loss for the year and at the reporting date has net current liabilities and net liabilities. The director, who is also the ultimate controlling party, has confirmed that he has the ability and will support the company so that it will be able to meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The financial statements have been prepared on the going concern basis on this assumption.

 
2.3

Turnover

Turnover represents revenue generated from the sale of media content. Revenue is recognised when the content is downloaded.

 
2.4

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 2

 
FORJA ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Office equipment
-
33%
Straight line

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 the Statement of Comprehensive Income.

 
2.5

Basic financial instruments

The company only enters into transactions that result in the recognition of basic financial assets and basic financial liabilities.
Basic financial assets, such as trade and other debtors, are initially recognised at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade and other creditors, are initially recognised at the transaction price plus attributable transaction costs. Subsequently, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Page 3

 
FORJA ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in the Statement of Comprehensive Income, 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
a) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
b) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

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

Page 4

 
FORJA ENTERTAINMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 May 2022
4,459



At 30 April 2023

4,459



Depreciation


At 1 May 2022
4,115


Charge for the year on owned assets
265



At 30 April 2023

4,380



Net book value



At 30 April 2023
79



At 30 April 2022
344


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
30,291
28,108

Accruals and deferred income
2,032
1,890

32,323
29,998



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1 each
1,000
1,000


 
Page 5