Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30true2022-05-04falseMotion picture production activities.1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14085892 2022-05-03 14085892 2022-05-04 2023-09-30 14085892 2021-05-04 2022-05-03 14085892 2023-09-30 14085892 c:Director1 2022-05-04 2023-09-30 14085892 d:ComputerSoftware 2023-09-30 14085892 d:CurrentFinancialInstruments 2023-09-30 14085892 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14085892 d:ShareCapital 2023-09-30 14085892 d:RetainedEarningsAccumulatedLosses 2023-09-30 14085892 c:FRS102 2022-05-04 2023-09-30 14085892 c:AuditExempt-NoAccountantsReport 2022-05-04 2023-09-30 14085892 c:FullAccounts 2022-05-04 2023-09-30 14085892 c:PrivateLimitedCompanyLtd 2022-05-04 2023-09-30 14085892 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-05-04 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 14085892










ECOFLIX MEDIA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2023

 
ECOFLIX MEDIA LIMITED
REGISTERED NUMBER: 14085892

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
Note
£

Fixed assets
  

Intangible assets
  
142,000

  
142,000

Current assets
  

Stock and work in progress
  
147,647

Debtors: amounts falling due within one year
 5 
55,871

Cash at bank and in hand
 6 
7,715

  
211,233

Creditors: amounts falling due within one year
 7 
(475,702)

Net current (liabilities)/assets
  
 
 
(264,469)

Total assets less current liabilities
  
(122,469)

  

Net (liabilities)/assets
  
(122,469)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(122,470)

  
(122,469)


Page 1

 
ECOFLIX MEDIA LIMITED
REGISTERED NUMBER: 14085892
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 period 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 on 2 February 2024.




David Casselman
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ECOFLIX MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

1.


General information

Ecoflix Media Limited  is a private company (registration number 14085892) limited by shares and incorporated in England and Wales. The registered office is Aston House, Redburn Road, Newcastle upon Tyne, NE5 1NB. 

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 financial statements are prepared in sterling, which is the functional currency of the Company. 
Monetary amounts in these financial statements are rounded to the nearest £ sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.
The director considers this basis is appropriate following due consideration of the present financial position, the expected prospects of the Company during the twelve months from the date of approval of these financial statements and continued support of the parent US Charity Foundation.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Work in progress

Work in progress represents the the lower of the direct cost and net realisable value of motion pictures in the course of production.

 
2.5

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.

 
2.6

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.

Page 3

 
ECOFLIX MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.


3.


Employees




The average monthly number of employees, including directors, during the period was 1.


4.


Intangible assets



Website costs

£



Cost


Additions
142,000



At 30 September 2023

142,000






Net book value



At 30 September 2023
142,000

At the period end the website development was in progress. When the website comes into use it is expected that the amortisation period will be three years.



Page 4

 
ECOFLIX MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
£


Other debtors
53,771

Prepayments and accrued income
2,100

55,871



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
7,715

7,715



7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
6,078

Amounts owed to group undertakings
447,068

Accruals and deferred income
22,556

475,702



8.


Related party transactions

The Company is a wholly owned subsiduary and the accounts do not include disclosure of transactions between the Company and its parent charitable incorporated organisation because as a subsiduary whose shares are 100% controlled within the group, it is exempt from the disclosure to disclose such transactions under the Financial Reporting Standard 102.


9.


Controlling party

The parent is Ecoflix Foundation UK, a charitable incorporated organisation registered in England and Wales. The registered address of Ecoflix Foundation UK is Aston House, Redburn Road, Newcastle upon Tyne, NE5 1NB, with registered Charity Commission number 1200441.
Ecoflix Foundation UK is connected to Ecoflix Foundation US a registered 501(c)(3) organisation in the United States of America, registered address 24730 Long Valley Road, Hidden Hills, Los Angeles, CA 91302, USA.

Page 5