0 false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 5,664,570 5,664,570 xbrli:pure xbrli:shares iso4217:GBP 09049480 2022-07-01 2023-06-30 09049480 2023-06-30 09049480 2022-06-30 09049480 bus:Director1 2022-07-01 2023-06-30 09049480 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 09049480 core:WithinOneYear 2023-06-30 09049480 core:WithinOneYear 2022-06-30 09049480 core:ShareCapital 2023-06-30 09049480 core:ShareCapital 2022-06-30 09049480 core:RetainedEarningsAccumulatedLosses 2023-06-30 09049480 core:RetainedEarningsAccumulatedLosses 2022-06-30 09049480 bus:SmallEntities 2022-07-01 2023-06-30 09049480 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 09049480 bus:FullAccounts 2022-07-01 2023-06-30 09049480 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 09049480 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 09049480
Stupid Boy Limited
Filleted Unaudited Accounts
30 June 2023
Stupid Boy Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
121,216
181,395
Investments
6
1
1
Cash at bank and in hand
59,254
1,363
---------
---------
180,471
182,759
Creditors: amounts falling due within one year
7
( 51,039)
( 61,320)
---------
---------
Net current assets
129,432
121,439
---------
---------
Total assets less current liabilities
129,432
121,439
---------
---------
Capital and reserves
Called up share capital
11,078
11,078
Profit and loss account
118,354
110,361
---------
---------
Shareholders funds
129,432
121,439
---------
---------
These Accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its Accounts for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of Accounts .
These Accounts were approved by the board of directors and authorised for issue on 1 May 2024 , and are signed on behalf of the board by:
D C S Jones
Director
Company registration number: 09049480
Stupid Boy Limited
Notes to the Accounts
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ, United Kingdom.
2. Statement of compliance
These Accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The Accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The Accounts are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Intangible assets and amortisation
Intangible asset represents rights held in the film entitled "Dad's Army" and are stated at cost less amortisation and provision for impairment. Film rights are only capitalised where estimates of future income from all sources exceed the capitalised amount. Per production, the rights capitalised are relative to the proportion of total revenues expected to arise from secondary exploitation due to the participating interest held in the film project. These intangible assets are amortised against the revenues associated with future anticipated exploitation. The film rights are capitalised only when: - The future economic benefit of the project is probable; - An intangible asset is created that can be separately identified; - It is probable that the intangible asset created will generate future economic benefits; - The cost of the intangible asset can be measured reliably.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Intangible assets
Development costs
£
Cost
At 1 July 2022 and 30 June 2023
5,664,570
------------
Amortisation
At 1 July 2022 and 30 June 2023
5,664,570
------------
Carrying amount
At 30 June 2023
------------
At 30 June 2022
------------
5. Debtors
2023
2022
£
£
Other debtors
121,216
181,395
---------
---------
6. Investments
2023
2022
£
£
Other investments
1
1
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
48,609
61,320
Other creditors
2,430
--------
--------
51,039
61,320
--------
--------
8. Contingencies
Charges have been made against the film in favour of the following parties to secure their interests in the copyright of and title to the film: Andrew Lampert-Zakiewicz Richard Biffa Sir Alan Parker The Lise L Abraham Trust Worldwide Theatrix Ltd Film Finances, Inc. Universal City Studios Productions LLP Screen Yorkshire Ltd Bfc Entertainment Ltd Coutts & Co
9. Related party transactions
In the opinion of the director there is no one ultimate controlling party. The company has taken advantage of Section 33 of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group. No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.