Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalsetruetrue02022-08-15No description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC741223 2022-08-14 SC741223 2022-08-15 2023-12-31 SC741223 2021-08-15 2022-08-14 SC741223 2023-12-31 SC741223 c:Director1 2022-08-15 2023-12-31 SC741223 d:CurrentFinancialInstruments 2023-12-31 SC741223 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC741223 d:ShareCapital 2023-12-31 SC741223 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC741223 c:OrdinaryShareClass1 2022-08-15 2023-12-31 SC741223 c:OrdinaryShareClass1 2023-12-31 SC741223 c:FRS102 2022-08-15 2023-12-31 SC741223 c:AuditExempt-NoAccountantsReport 2022-08-15 2023-12-31 SC741223 c:FullAccounts 2022-08-15 2023-12-31 SC741223 c:PrivateLimitedCompanyLtd 2022-08-15 2023-12-31 SC741223 e:PoundSterling 2022-08-15 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC741223









TRONGATE PRODUCTIONS (NO.5) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
TRONGATE PRODUCTIONS (NO.5) LIMITED
REGISTERED NUMBER: SC741223

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
Note
£

  

Current assets
  

Stocks
 4 
162,368

Debtors: amounts falling due within one year
 5 
3,302

  
165,670

Creditors: amounts falling due within one year
 6 
(169,668)

Net current (liabilities)/assets
  
 
 
(3,998)

Total assets less current liabilities
  
(3,998)

  

Net (liabilities)/assets
  
(3,998)


Capital and reserves
  

Called up share capital 
 7 
2

Profit and loss account
  
(4,000)

  
(3,998)


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 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 19 August 2024.




A Clements
Director

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

Page 1

 
TRONGATE PRODUCTIONS (NO.5) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Trongate Productions (No. 5) Limited is a private company limited by shares and registered in Scotland.
The address of its registered office/principal place of business is James Miller Building, 4th Floor, 98 West
George Street, Glasgow, Scotland, G2 1PJ.
The company was incorporated on 15 August 2022 and began trading on this 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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

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.

 
2.4

Debtors

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

 
2.5

Creditors

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

 
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, loans from banks and other
third parties and loans to related parties.

Page 2

 
TRONGATE PRODUCTIONS (NO.5) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 2.

 


4.


Stocks

2023
£

Work in progress
162,368

162,368



5.


Debtors

2023
£


Other debtors
3,302

3,302



6.


Creditors: Amounts falling due within one year

2023
£

Other creditors
81,623

Accruals and deferred income
88,045

169,668



7.


Share capital

2023
£
Allotted, called up and fully paid


2 Ordinary shares of £1.00 each
2




Page 3

 
TRONGATE PRODUCTIONS (NO.5) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Related party transactions

During the period, advances totalling £147,914.00 were received from Two Rivers Media Ltd, a company
in which A Clements is a shareholder. At the reporting date £81,623 was due to Two Rivers Media Ltd. The loan is repayable on demand and not interest bearing.
During the period, advances totalling £nil were received from RW Prodcutions Ltd, a shareholder in the company. At the reporting date £1 was due to RW Productions Ltd. The loan is repayable on demand and not interest bearing.


9.


Controlling party

During the period, the company was under the control of Two Rivers Media Ltd and RW Productions Ltd by virtue of their shareholding.

 
Page 4