Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseThe company's principal activity during the year continued to be that of film production.11falsetrue 01049961 2022-04-01 2023-03-31 01049961 2021-04-01 2022-03-31 01049961 2023-03-31 01049961 2022-03-31 01049961 c:Director1 2022-04-01 2023-03-31 01049961 d:FurnitureFittings 2022-04-01 2023-03-31 01049961 d:ComputerEquipment 2022-04-01 2023-03-31 01049961 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 01049961 d:OtherPropertyPlantEquipment 2023-03-31 01049961 d:OtherPropertyPlantEquipment 2022-03-31 01049961 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01049961 d:CurrentFinancialInstruments 2023-03-31 01049961 d:CurrentFinancialInstruments 2022-03-31 01049961 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01049961 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01049961 d:ShareCapital 2023-03-31 01049961 d:ShareCapital 2022-03-31 01049961 d:RetainedEarningsAccumulatedLosses 2023-03-31 01049961 d:RetainedEarningsAccumulatedLosses 2022-03-31 01049961 c:OrdinaryShareClass1 2022-04-01 2023-03-31 01049961 c:OrdinaryShareClass1 2023-03-31 01049961 c:FRS102 2022-04-01 2023-03-31 01049961 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01049961 c:FullAccounts 2022-04-01 2023-03-31 01049961 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01049961 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 01049961 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-03-31 01049961 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01049961









JAMES STREET PRODUCTIONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
JAMES STREET PRODUCTIONS LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1
Notes to the Financial Statements
 
 
2 - 6


 
JAMES STREET PRODUCTIONS LIMITED
REGISTERED NUMBER: 01049961

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
900
908

Current assets
  

Debtors: amounts falling due within one year
 5 
558
190

Cash at bank and in hand
  
(12)
511

  
546
701

Creditors: amounts falling due within one year
 6 
(329,171)
(325,278)

Net current liabilities
  
 
 
(328,625)
 
 
(324,577)

Net liabilities
  
(327,725)
(323,669)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
(327,727)
(323,671)

  
(327,725)
(323,669)


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 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 by: 




R L Gayer
Director

Date: 4 April 2024


The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
JAMES STREET PRODUCTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


GENERAL INFORMATION

James Street Productions Limited is a private company limited by shares, and incorporated in England and Wales. The address of its registered office is 3rd Floor, 24 Old Bond Street, London, W1S 4BH.
The company's functional and presentational currency is Pound 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 financial statements have been prepared on a going concern basis which assumes that the company will continue in operation for the foreseeable future. The director, who is the largest creditor at the balance sheet date, has confirmed that for the foreseeable future, being a period of at least twelve months from the date of approval of the these financial statements, he will continue to maintain his financial support of the company, by deferment of the amount due to him or by other means.
In view of the above confirmation the director is confident that the company will have sufficient resources to enable it to continue in operation for the foreseeable future, and that it is therefore appropriate to prepare the financial statements on a going concern basis.

 
2.3

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, .

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
15%
reducing balance
Computer equipment
-
25%
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.

  
2.4

PRODUCTION COSTS

Production costs are charged to the Statement of Income and Retained Earnings in the year in which they are incurred unless their relationship to the revenue of a future year can be established with reasonable certainty.

Page 2

 
JAMES STREET PRODUCTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, 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.

 
2.7

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.


 
Page 3

 
JAMES STREET PRODUCTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.7
FINANCIAL INSTRUMENTS (continued)

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

 
2.8

CREDITORS

Short-term creditors are measured at the transaction price.

 
2.9

INTEREST INCOME

Interest income is recognised in Statement of Income and Retained Earnings using the effective interest method.

 
2.10

TAXATION

Tax is recognised in Statement of Income and Retained Earnings 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 in the countries where the company operates and generates income.

Page 4

 
JAMES STREET PRODUCTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


EMPLOYEES

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


4.


TANGIBLE FIXED ASSETS





Other fixed assets

£



COST


At 1 April 2022
19,738


Additions
175



At 31 March 2023

19,913



Depreciation


At 1 April 2022
18,830


Charge for the year on owned assets
183



At 31 March 2023

19,013



Net book value



At 31 March 2023
900



At 31 March 2022
908


5.


DEBTORS

2023
2022
£
£


Other debtors
558
122

Prepayments and accrued income
-
68

558
190



6.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,039
-

Other creditors
324,230
323,578

Accruals and deferred income
1,902
1,700

329,171
325,278


Page 5

 
JAMES STREET PRODUCTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


SHARE CAPITAL

2023
2022
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2



8.


RELATED PARTY TRANSACTIONS

The balance owed to the director at the balance sheet date was £246,400 (2022 - £245,749). The loan is interest free and repayable on demand.

Page 6