Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31falseThe principal activity of the company is that of motion picture production acitivities2022-11-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12955426 2022-11-01 2023-10-31 12955426 2021-11-01 2022-10-31 12955426 2023-10-31 12955426 2022-10-31 12955426 c:Director1 2022-11-01 2023-10-31 12955426 d:CurrentFinancialInstruments 2023-10-31 12955426 d:CurrentFinancialInstruments 2022-10-31 12955426 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12955426 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12955426 d:ShareCapital 2023-10-31 12955426 d:ShareCapital 2022-10-31 12955426 d:RetainedEarningsAccumulatedLosses 2023-10-31 12955426 d:RetainedEarningsAccumulatedLosses 2022-10-31 12955426 c:OrdinaryShareClass1 2022-11-01 2023-10-31 12955426 c:OrdinaryShareClass1 2023-10-31 12955426 c:FRS102 2022-11-01 2023-10-31 12955426 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12955426 c:FullAccounts 2022-11-01 2023-10-31 12955426 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12955426













POINT FILMS LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
POINT FILMS LTD
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 4


 
POINT FILMS LTD
REGISTERED NUMBER:12955426

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
302
20,950

Cash at bank and in hand
 5 
1,862
112,370

  
2,164
133,320

Creditors: amounts falling due within one year
 6 
(2,468)
(801,120)

Net current liabilities
  
 
 
(304)
 
 
(667,800)

Total assets less current liabilities
  
(304)
(667,800)

  

Net liabilities
  
(304)
(667,800)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(404)
(667,900)

  
(304)
(667,800)


The directors consider 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 directors acknowledge their 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: 




J S Gay Rees
Director

Date: 16 April 2024

The notes on pages 2 to 4 form part of these financial statements.

1

 
POINT FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Point Films Ltd is a private company, limited by shares, registered in England and Wales, registration number 12955426. The registered office address is 50-54 Clerkenwell Road, London, EC1M 5PS.

The principal activity of the company is that of motion picture production acitivities.

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

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.

 
2.3

Turnover

Turnover from production of motion pictures is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue 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. 

 
2.4

Taxation

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 in the countries where the company operates and generates income.

 
2.5

Debtors

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

2

 
POINT FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
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 and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 -2).


4.


Debtors

2023
2022
£
£


Trade debtors
54
-

VAT receivable
248
20,950

302
20,950



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,862
112,370


3

 
POINT FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
502,095

Corporation tax
404
-

Other creditors
-
289,025

Accruals
2,064
10,000

2,468
801,120



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100


 
4