Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31falsefalse2022-08-30false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14324776 2022-08-29 14324776 2022-08-30 2023-08-31 14324776 2021-08-30 2022-08-29 14324776 2023-08-31 14324776 c:Director1 2022-08-30 2023-08-31 14324776 d:CurrentFinancialInstruments 2023-08-31 14324776 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14324776 d:ShareCapital 2023-08-31 14324776 c:OrdinaryShareClass1 2022-08-30 2023-08-31 14324776 c:OrdinaryShareClass1 2023-08-31 14324776 c:FRS102 2022-08-30 2023-08-31 14324776 c:AuditExempt-NoAccountantsReport 2022-08-30 2023-08-31 14324776 c:FullAccounts 2022-08-30 2023-08-31 14324776 c:PrivateLimitedCompanyLtd 2022-08-30 2023-08-31 14324776 e:PoundSterling 2022-08-30 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14324776














MAKING WAVES BTBD LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD FROM 30 AUGUST 2022 TO 31 AUGUST 2023

 
MAKING WAVES BTBD LTD
REGISTERED NUMBER:14324776

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
Note
£

  

Current assets
  

Stocks
  
1,130,080

Debtors: amounts falling due within one year
 5 
8,450

Cash at bank and in hand
 6 
139,115

  
1,277,645

Creditors: amounts falling due within one year
 7 
(1,277,641)

Net current assets
  
 
 
4

Total assets less current liabilities
  
4

  

Net assets
  
4


Capital and reserves
  

Called up share capital 
 8 
4

  
4


1

 
MAKING WAVES BTBD LTD
REGISTERED NUMBER:14324776
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

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 period 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: 7 August 2024

The notes on pages 3 to 5 form part of these financial statements.

2

 
MAKING WAVES BTBD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

1.


General information

Making Waves BTBD Ltd is a private company, limited by shares, registered in England and Wales, registration number 14324776. The registered office address is 1st floor 50-54 Clerkenwell Road, London, EC1M 5PS.
The principal activity of the company is that of motion picture production activities.
The company was incorporated on 30 August 2022 and commenced trading on the same date.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

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 company is eligible to claim a tax credit on motion picture 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.

 
2.3

Stocks

Work in progress represents the cost of producing motion pictures. Motion picture production costs are amortised to the Profit and loss account over the period rights to the relevant film is being exploited by the company.
 
 
2.4

Debtors

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

 
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

Creditors

Short-term creditors are measured at the transaction price.

3

 
MAKING WAVES BTBD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.7

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 third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 .


4.


Stocks

2023
£

Work in progress - production costs
1,130,080



5.


Debtors

2023
£


Other debtors
8,450



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
139,115


4

 
MAKING WAVES BTBD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
£

Other creditors
2,315

Accruals and deferred income
1,275,326

1,277,641



8.


Share capital

2023
£
Allotted, called up and fully paid


4 Ordrinary shares shares of £1.00 each
4


4 Ordinary shares of £1 were issued on incorporation on 30 August 2022 at an aggregate subscription price of £4 and an aggregate nominal value of £4.

5