Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312023-01-01No description of principal activity44falsetruetrue 10979220 2023-01-01 2023-03-31 10979220 2022-01-01 2022-12-31 10979220 2023-03-31 10979220 2022-12-31 10979220 c:Director1 2023-01-01 2023-03-31 10979220 d:CurrentFinancialInstruments 2023-03-31 10979220 d:CurrentFinancialInstruments 2022-12-31 10979220 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10979220 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10979220 d:ShareCapital 2023-03-31 10979220 d:ShareCapital 2022-12-31 10979220 d:RetainedEarningsAccumulatedLosses 2023-03-31 10979220 d:RetainedEarningsAccumulatedLosses 2022-12-31 10979220 c:OrdinaryShareClass1 2023-01-01 2023-03-31 10979220 c:OrdinaryShareClass1 2023-03-31 10979220 c:OrdinaryShareClass1 2022-12-31 10979220 c:OrdinaryShareClass2 2023-01-01 2023-03-31 10979220 c:OrdinaryShareClass2 2023-03-31 10979220 c:OrdinaryShareClass2 2022-12-31 10979220 c:FRS102 2023-01-01 2023-03-31 10979220 c:Audited 2023-01-01 2023-03-31 10979220 c:FullAccounts 2023-01-01 2023-03-31 10979220 c:PrivateLimitedCompanyLtd 2023-01-01 2023-03-31 10979220 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-03-31 10979220 4 2023-01-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10979220









BRUTAL OCTOBER LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
BRUTAL OCTOBER LIMITED
REGISTERED NUMBER: 10979220

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

31 March
31 December
2023
2022
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 5 
711,001
1,036

Cash at bank and in hand
  
1,994
711,221

  
712,995
712,257

Creditors: amounts falling due within one year
 6 
(108,084)
(712,350)

Net assets/(liabilities)
  
604,911
(93)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
604,909
(95)

  
604,911
(93)


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 on 6 March 2024.




A B Bullmore
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
BRUTAL OCTOBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Brutal October Limited (the "company") is a private company limited by shares, incorporated under the UK Companies Act 2006 and domiciled in England.
The address of the company's registered office and principal place of business is Benwell Studios, 11 - 13 Benwell Road, London, N7 7BL.

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 preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the company's accounting policies (see note 3).

  
2.2

Functional and presentational currency

Items included in the financial statements of the company are measured using the currency of the primary economic environment in which the company operates (the "functional currency").
The functional currency of the company, and the currency in which the financial statements are presented (the "presentational currency"), is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

  
2.3

Foreign currency translation

Foreign currencies are translated into the functional (and presentational) currency using exchange rates prevailing at the date of the respective transaction or valuation where items are re-measured.
Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at financial period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account as part of total comprehensive income.

 
2.4

Going concern

The company meets its day-to-day working capital requirements through the utilisation of its own funds and its bank facilities.
After reviewing the company's forecast and projection, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors expect the company to be in existence for the foreseeable future in a dormant state. The company, therefore, continues to adopt the going concern basis in preparing its financial statements.

Page 2

 
BRUTAL OCTOBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Revenue

Turnover comprises revenues receivable by the company during the financial reporting period in respect of the supply of television programming production services.
Revenues in respect of production services comprise fees and other pre-sales receivable, exclusive of Value Added Tax, in exchange for the provision of a contract for services; with recognition made by reference to the stage of completion of contract activity as at the balance sheet date. Where it is probable that the total costs on a contract will exceed total contract revenue, the expected loss is immediately recognised as an expense in profit or loss.
The company does not expect to have any contracts where the period between the transfer of the contracted services and related payment exceeds one year. As a consequence, the company does not adjust any of the transaction prices for the time value of money.

  
2.6

Production tax credits

Production tax credits are incentives provided to creative industries designed to promote culturally relevant productions in the UK, to incentivise investment into UK productions that would otherwise take place outside the UK, and to support the necessary critical mass of infrastructure and skills in the UK for both today and in the longer term.
Production tax credits are reported within other operating income and not taxation on the grounds that such tax credits are deemed to be working capital in nature for they arise, albeit not as a direct result, in the course of normal operational activities.

 
2.7

Taxation

The tax expense for the financial reporting period comprises current and deferred taxation and is recognised in profit or loss.
Current taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date in the countries where the company operates and generates taxable income. The directors of the company periodically evaluate positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and will establish provisions, where appropriate, on the basis of amounts expected to be payable to the respective tax authorities.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their respective carrying amounts in the financial statements.
Deferred tax is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date and are expected to apply when the related deferred tax asset/liability is realised/settled.
Deferred tax assets are recognised only to the extent that it is sufficiently probable that future taxable profits will be available against which the temporary differences can be utilised. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the respective deferred tax assets and liabilities relate to current taxation levied by the same tax authority.

Page 3

 
BRUTAL OCTOBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of an economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the statement of comprehensive income in the year that the company becomes aware of the obligation, and are measured at the best estimate at the statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the statement of financial position.

 
2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

  
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities; with said financial assets and liabilities classified in accordance with the substance of the underlying contractual obligations rather than its legal form.
Financial assets and liabilities are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or the financial asset is transferred along with substantially all the risks and rewards of ownership of the asset to another party. Financial liabilities are derecognised only when the company’s obligations are discharged, cancelled or expired.
The measurement of specific financial assets, financial liabilities, and equity held by the company is as outlined below:
Debtors and creditors
Debtors, excluding deferred taxation assets (see note 2.7), and creditors deemed to be short term in nature are initially measured at transaction price (i.e fair value) and subsequently held, at transaction price less provision for impairment of assets. The company held no debtors and/or creditors deemed not to be short term in nature during the current or preceding financial reporting periods.
Cash and cash equivalents
Cash balances are reported by the company as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable
Page 4

 
BRUTAL OCTOBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

without penalty on notice of not more than 24 hours and subject to an insignificant risk of changes in value. Cash and cash equivalents are held at floating interest rates linked to UK bank rates.
Equity
Ordinary share capital, shown in equity, is initially measured at transaction price. There were no costs directly attributable to Ordinary share capital issued by the company.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the opinion of the directors, there were no areas of judgment in applying the principal accounting policies, outlined in note 2 of these financial statements, towards the preparation of these financial statements that may be considered as having a significant risk of causing a material adjustment to the carrying amount of assets and/or liabilities carried forward as at the balance sheet date whereby which the actual future outcome observed may differ from that originally determined and reported.
In preparing the company's financial statements, the directors may make estimates and assumptions concerning events that have transpired, or were ongoing, during the financial reporting period and continued after the balance sheet date. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors, there were no estimates and/or assumptions made towards the preparation of these financial statements that would be considered as having a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial reporting period.


4.


Employees

The average monthly number of employees, including directors, during the period was 4 (2022 - 4).


5.


Debtors

31 March
31 December
2023
2022
£
£


Amounts owed by participating interests
1
1

Other debtors
711,000
1,035

711,001
1,036


Page 5

 
BRUTAL OCTOBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

31 March
31 December
2023
2022
£
£

Trade creditors
-
6,197

Amounts owed to group undertakings
7,000
-

Corporation tax
86,984
-

Accruals
14,100
706,153

108,084
712,350



7.


Share capital

31 March
31 December
2023
2022
£
£
Allotted, called up and fully paid



53 (2022 - 53) A Ordinary shares of £0.02 each
1
1
50 (2022 - 50) B Ordinary shares of £0.02 each
1
1

2

2



8.


Related party transactions

Wholly-owned group undertakings
As the company forms part of a group for which consolidated financial statements are prepared and the results of the company are included within as part of the consolidation, the company has taken advantage of the exemptions provided by Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions undertaken or balances carried forward as at the reporting date between the company and its fellow wholly-owned group undertakings.


9.


Controlling party

The immediate parent undertaking is October Films Ltd, a company which holds a 100% interest in the total issued share capital of Brutal October Limited, is incorporated under the UK Companies Act 1985 and whose registered office is located at Benwell Studios, 11 - 13 Benwell Road, London, N7 7BL.

Page 6

 
BRUTAL OCTOBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

10.


Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2023 was unqualified.

The audit report was signed on 6 March 2024 by Anthony Pins (senior statutory auditor) on behalf of Nyman Libson Paul LLP.

 
Page 7