REGISTERED NUMBER: |
Q Pootle 5 Limited |
Financial Statements for the Year Ended 30th September 2023 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium | 9 |
Retained earnings | 9 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 |
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 |
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. |
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 |
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 |
AMORTISATION |
At 1st October 2022 |
Amortisation for year |
At 30th September 2023 |
NET BOOK VALUE |
At 30th September 2023 |
At 30th September 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
VAT |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Directors' current accounts | 97,421 | 97,421 |
Accruals and deferred income |
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 |
Bank loans - 2-5 years |
Other loans |
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: | £ | £ |
A Shares | 0.000 | 1 | 385 | 385 |
B Shares | 0.000 | 1 | 256 | 256 |
C Shares | 0.000 | 1 | 114 | 114 |
755 | 755 |
9. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
At 1st October 2022 | ( |
) | ( |
) |
Deficit for the year | ( |
) | ( |
) |
At 30th September 2023 | ( |
) | (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. |