Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-302023-04-301trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-04-01falseThe principal activity of the company is that of artist creation, including the production of a feature length film documentary for theatrical release. 14019384 2022-03-31 14019384 2022-04-01 2023-04-30 14019384 2021-04-01 2022-03-31 14019384 2023-04-30 14019384 c:Director1 2022-04-01 2023-04-30 14019384 d:ComputerEquipment 2022-04-01 2023-04-30 14019384 d:ComputerEquipment 2023-04-30 14019384 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-04-30 14019384 d:CurrentFinancialInstruments 2023-04-30 14019384 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14019384 d:ShareCapital 2023-04-30 14019384 d:RetainedEarningsAccumulatedLosses 2023-04-30 14019384 c:OrdinaryShareClass1 2022-04-01 2023-04-30 14019384 c:OrdinaryShareClass1 2023-04-30 14019384 c:FRS102 2022-04-01 2023-04-30 14019384 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-04-30 14019384 c:FullAccounts 2022-04-01 2023-04-30 14019384 c:PrivateLimitedCompanyLtd 2022-04-01 2023-04-30 14019384 2 2022-04-01 2023-04-30 14019384 e:PoundSterling 2022-04-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14019384














MARIANNE FAITHFULL LIMITED 

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2023

 
MARIANNE FAITHFULL LIMITED
REGISTERED NUMBER:14019384

BALANCE SHEET
AS AT 30 APRIL 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
2,474

  
2,474

Current assets
  

Work in progress
 5 
244,027

Debtors: amounts falling due within one year
 6 
10,029

Cash at bank and in hand
 7 
5,892

  
259,948

Creditors: amounts falling due within one year
 8 
(275,195)

Net current liabilities
  
 
 
(15,247)

Total assets less current liabilities
  
(12,773)

Provisions for liabilities
  

Deferred tax
  
(636)

  
 
 
(636)

Net liabilities
  
(13,409)


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
  
(13,509)

  
(13,409)

Page 1

 
MARIANNE FAITHFULL LIMITED
REGISTERED NUMBER:14019384
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 her 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 by: 




B Earl
Director

Date: 29 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MARIANNE FAITHFULL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

Marianne Faithfull Limited is a private company, limited by shares, registered in England and Wales, registration number 14019384. The registered address of the company is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The company was incorporated on 1 April 2022 and commenced trade on the same date.
The company has changed its name from Marianne Faithfull of Faithfull Limited to Marianne Faithfull Limited on 5 April 2022.
The principal activity of the company is that of artist creation, including the production of a feature length film documentary for theatrical release.

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.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Operating lease commitment

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
MARIANNE FAITHFULL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
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
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 balance sheet date.

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer 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 profit or loss.

 
2.7

Work in progress

Work in progress represents the costs incurred to date associated with producing the film. Production costs are recognised to the profit and loss account when the relevant film is released by the company.

 
2.8

Debtors

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

Page 4

 
MARIANNE FAITHFULL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.9

Cash

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

 
2.10

 Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.


3.


Employees

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


4.


Tangible fixed assets





Computer equipment

£



Cost


Additions
2,545



At 30 April 2023

2,545



Depreciation


Charge for the period
71



At 30 April 2023

71



Net book value



At 30 April 2023
2,474


5.


Work in progress

2023
£

Work in progress
244,027


Page 5

 
MARIANNE FAITHFULL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

6.


Debtors

2023
£


Amounts owed by group undertakings
393

Other debtors
6,830

Prepayments
2,806

10,029



7.


Cash

2023
£

Cash at bank and in hand
5,892



8.


Creditors: amounts falling due within one year

2023
£

Trade creditors
7,669

Amounts owed to group undertakings
117,785

Other creditors
143,091

Accruals
6,650

275,195



9.


Share capital

2023
£
Allotted, called up and fully paid


100 ordinary shares of £1.00 each
100




10.


Commitments under operating leases

At 30 April 2023, the company had future minimum lease payments due under non-cancellable operating leases of £45,609.

11.


Transactions with director

During the period, the director advanced £143,091 to the company. At the period end, the company owed £143,091 to the director. The loan is unsecured, interest free and repayable on demand.

Page 6

 
MARIANNE FAITHFULL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

12.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35, as the company is itself a wholly owned subsidiary of Rustic Canyon Limited.

 
Page 7