Caseware UK (AP4) 2022.0.179 2022.0.179 2023-11-302023-11-302022-12-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity42truetrue 12511244 2022-12-01 2023-11-30 12511244 2021-12-01 2022-11-30 12511244 2023-11-30 12511244 2022-11-30 12511244 c:Director1 2022-12-01 2023-11-30 12511244 d:CurrentFinancialInstruments 2023-11-30 12511244 d:CurrentFinancialInstruments 2022-11-30 12511244 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12511244 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12511244 d:ShareCapital 2023-11-30 12511244 d:ShareCapital 2022-11-30 12511244 d:RetainedEarningsAccumulatedLosses 2023-11-30 12511244 d:RetainedEarningsAccumulatedLosses 2022-11-30 12511244 c:FRS102 2022-12-01 2023-11-30 12511244 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12511244 c:FullAccounts 2022-12-01 2023-11-30 12511244 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12511244 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 12511244









DOCSVILLE STUDIOS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
DOCSVILLE STUDIOS LIMITED
REGISTERED NUMBER: 12511244

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
4,105,207
1,624,808

Debtors: amounts falling due within one year
 5 
702,932
229,221

Cash at bank and in hand
 6 
64,875
32,939

  
4,873,014
1,886,968

Creditors: amounts falling due within one year
 7 
(5,093,142)
(1,932,975)

Net current liabilities
  
 
 
(220,128)
 
 
(46,007)

Total assets less current liabilities
  
(220,128)
(46,007)

  

Net liabilities
  
(220,128)
(46,007)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(220,228)
(46,107)

  
(220,128)
(46,007)


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 on 18 April 2024.


L Jones
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
DOCSVILLE STUDIOS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Docsville Studios Limited is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is Unit 67 124-128 Barlby Rd, London, W10 6BL.

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

At the reporting date the company had net liabilities of £220,128 and is dependent on the support of its directors who has confirmed his intention to support the company. As a result the director believe it is appropriate to prepare the accounts on the going concern basis. The financial  statements  do  not  include  adjustments  that would result from the withdrawal of this financial support.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on film production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.6

Stocks

Stocks comprise film production costs, which are recorded as a current asset. Film production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.

 
2.7

Debtors

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

Page 2

 
DOCSVILLE STUDIOS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Creditors

Short term creditors are measured at the transaction price, less any impairment.

 
2.10

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 4 (2022 - 2).


4.


Stocks

2023
2022
£
£

Production cost
4,105,207
1,624,808

4,105,207
1,624,808



5.


Debtors

2023
2022
£
£


Trade debtors
-
9,600

Other debtors
702,932
219,621

702,932
229,221


Page 3

 
DOCSVILLE STUDIOS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
64,875
32,939

Less: bank overdrafts
(74)
-

64,801
32,939



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
74
-

Bank loans
-
84,534

Trade creditors
26,757
7,200

Other taxation and social security
259,183
70,531

Other creditors
1,647,035
698,129

Accruals and deferred income
3,160,093
1,072,581

5,093,142
1,932,975


Creditors includes amounts secured by a fixed and floating charge over the assets of the company.


8.


Controlling party

There was no ultimate controlling party throughout the period.
 
Page 4