Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3142023-01-01falsethe management of the business activities of the David Paradine group of companies.4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00693830 2023-01-01 2023-12-31 00693830 2022-01-01 2022-12-31 00693830 2023-12-31 00693830 2022-12-31 00693830 c:Director5 2023-01-01 2023-12-31 00693830 d:OtherPropertyPlantEquipment 2023-12-31 00693830 d:OtherPropertyPlantEquipment 2022-12-31 00693830 d:CurrentFinancialInstruments 2023-12-31 00693830 d:CurrentFinancialInstruments 2022-12-31 00693830 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00693830 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00693830 d:ShareCapital 2023-12-31 00693830 d:ShareCapital 2022-12-31 00693830 d:RetainedEarningsAccumulatedLosses 2023-12-31 00693830 d:RetainedEarningsAccumulatedLosses 2022-12-31 00693830 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00693830 c:OrdinaryShareClass1 2023-12-31 00693830 c:FRS102 2023-01-01 2023-12-31 00693830 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00693830 c:FullAccounts 2023-01-01 2023-12-31 00693830 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00693830 4 2023-01-01 2023-12-31 00693830 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00693830














DAVID PARADINE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
DAVID PARADINE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
DAVID PARADINE LIMITED
REGISTERED NUMBER:00693830

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
97,181
97,681

Current assets
  

Debtors: amounts falling due within one year
 6 
1,053,014
1,083,869

Cash at bank and in hand
  
20,025
44,258

  
1,073,039
1,128,127

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(1,148,286)
(1,222,258)

Net current liabilities
  
 
 
(75,247)
 
 
(94,131)

  

Net assets
  
21,934
3,550


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
21,834
3,450

  
21,934
3,550


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 statement of comprehensive income 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 2 August 2024.




Wilfred Frost
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
DAVID PARADINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Company's legal form is that of a private limited company registered in England & Wales. The Company's registered office is 5 Elstree Gate, Elstree Way, Borehamwood, WD6 1JD. 
The principal activity of the Company continued to be that of the management of the business activities of the David Paradine group of companies. The principal activities of the subsidiary companies are the production of cinematographic films and television programmes. 
The Company's functional and presentational currency is £ 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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of programme royalties and services supplied, exclusive of Value Added Tax.
Revenue from services is recognised in the period in which they are delivered. Programme royalties are recognised on an earnings basis. 

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short term debtors are measured at the 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.

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to and from related parties and investments in non-puttable ordinary shares.

Page 2

 
DAVID PARADINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

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 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.

 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.


3.


Employees

The directors were the only employees during the current and preceding period.



4.


Tangible fixed assets





Other fixed assets

£



Cost 


At 1 January 2023
47,211



At 31 December 2023

47,211



Depreciation


At 1 January 2023
47,211



At 31 December 2023

47,211



Net book value



At 31 December 2023
-



At 31 December 2022
-

Page 3

 
DAVID PARADINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2023
97,681


Disposals
(500)



At 31 December 2023

97,181






Net book value



At 31 December 2023
97,181



At 31 December 2022
97,681

Page 4

 
DAVID PARADINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
-
162

Amounts owed by group undertakings
1,046,180
1,072,993

Other debtors
1,017
-

Prepayments and accrued income
5,817
10,714

1,053,014
1,083,869



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,873
973

Amounts owed to group undertakings
776,008
776,008

Other taxation and social security
-
8,300

Other creditors
355,405
426,977

Accruals and deferred income
15,000
10,000

1,148,286
1,222,258



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



9.


Contingent liabilities

The company is included in the David Paradine Limited group registration for VAT purposes and is therefore jointly and severally liable for all the other group companies' unpaid debts in this connection. At 31 December 2023, the potential liability amounted to £nil (2022 - £6,938). 


10.


Controlling party

The directors regard Paradine Holdings Limited, a company registered in England and Wales as the ultimate parent company. There is no ultimate controlling party.

 
Page 5