Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-014truetelevision productionfalse4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00879501 2023-01-01 2023-12-31 00879501 2022-01-01 2022-12-31 00879501 2023-12-31 00879501 2022-12-31 00879501 c:Director2 2023-01-01 2023-12-31 00879501 d:CurrentFinancialInstruments 2023-12-31 00879501 d:CurrentFinancialInstruments 2022-12-31 00879501 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00879501 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00879501 d:ShareCapital 2023-12-31 00879501 d:ShareCapital 2022-12-31 00879501 d:RetainedEarningsAccumulatedLosses 2023-12-31 00879501 d:RetainedEarningsAccumulatedLosses 2022-12-31 00879501 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00879501 c:OrdinaryShareClass1 2023-12-31 00879501 c:FRS102 2023-01-01 2023-12-31 00879501 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00879501 c:FullAccounts 2023-01-01 2023-12-31 00879501 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00879501














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

 
DAVID PARADINE PRODUCTIONS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 4


 
DAVID PARADINE PRODUCTIONS LIMITED
REGISTERED NUMBER:00879501

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Work in progress
 4 
11,554
15,791

Debtors: amounts falling due within one year
 5 
45,529
38,028

Cash at bank and in hand
  
170,309
282,305

  
227,392
336,124

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(163,755)
(307,836)

  

Net assets
  
63,637
28,288


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
62,637
27,288

  
63,637
28,288


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 4 form part of these financial statements.

Page 1

 
DAVID PARADINE PRODUCTIONS 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 liability company registered in England & Wales with its registered office and business address at 5 Elstree Gate, Elstree Way, Borehamwood, WD6 1JD. 
The activity of the Company is that of television production.

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

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.
Production revenue is recognised as production activity progresses to reflect the value of work carried out during the year. 
Sums receivable from distributors are recognised on a receivable basis in accordance with distribution agreements, unless an advance is received, in which case turnover is then recognised on the later of the licence period start date or completion of all deliverables. 
Royalties receivable are accounted for on a royalty earnings basis as part of turnover. Non-returnable, recoupable advances are accounted for on completion of delivery requirements. 

 
2.3

Work in progress

Work in progress represents the costs incurred on development projects and productions in progress at the year end.

 
2.4

Debtors

Short term debtors are measured at the transaction price.

 
2.5

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.

 
2.6

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, and loans to and from related parties.

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

Page 2

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

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ 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.

 
2.9

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.


3.


Employees

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



4.


Work in progress

2023
2022
£
£

Production costs
11,554
15,791


Page 3

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

5.


Debtors

2023
2022
£
£


Trade debtors
-
174

Prepayments and accrued income
45,529
36,497

Tax recoverable
-
1,357

45,529
38,028



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
21

Amounts owed to group undertakings
163,755
307,135

Other taxation and social security
-
680

163,755
307,836



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1 each
1,000
1,000



8.


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 was £Nil (2022 - £6,938).


9.


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 4