Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-01-01Television programme production02falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI675702 2023-01-01 2023-12-31 NI675702 2022-02-01 2022-12-31 NI675702 2023-12-31 NI675702 2022-12-31 NI675702 c:Director1 2023-01-01 2023-12-31 NI675702 c:Director2 2023-01-01 2023-12-31 NI675702 c:RegisteredOffice 2023-01-01 2023-12-31 NI675702 c:Agent1 2023-01-01 2023-12-31 NI675702 d:CurrentFinancialInstruments 2023-12-31 NI675702 d:CurrentFinancialInstruments 2022-12-31 NI675702 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI675702 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 NI675702 d:ShareCapital 2023-12-31 NI675702 d:ShareCapital 2022-12-31 NI675702 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 NI675702 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI675702 d:RetainedEarningsAccumulatedLosses 2022-12-31 NI675702 c:OrdinaryShareClass1 2023-01-01 2023-12-31 NI675702 c:OrdinaryShareClass1 2023-12-31 NI675702 c:OrdinaryShareClass1 2022-12-31 NI675702 c:FRS102 2023-01-01 2023-12-31 NI675702 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 NI675702 c:FullAccounts 2023-01-01 2023-12-31 NI675702 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI675702 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Unaudited Financial Statements
Pinkalicious Season Three Limited
For the period ended 31 December 2023





































Registered number: NI675702

 
Pinkalicious Season Three Limited
 

Company Information


Directors
Colin Robert Williams 
Rachelle Williams 




Registered number
NI675702



Registered office
12-13 Pilots View
Heron Road

Belfast

BT3 9LE




Accountants
Grant Thornton (NI) LLP
Chartered Accountants

12 - 15 Donegall Square West

Belfast

BT1 6JH




Bankers
Coutts
440 Strand

London

WC2R 0QS





 
Pinkalicious Season Three Limited
 

Contents



Page
Accountant's report
1
Balance sheet
2
Notes to the financial statements
3 - 7


  
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Independent Accountant's Report to the directors of the unaudited financial statements of Pinkalicious Season Three Limited for the period ended 31 December 2023

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Pinkalicious Season Three Limited for the period ended 31 December 2023, which comprise the Statement of comprehensive income, the Balance sheet, and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of Pinkalicious Season Three Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Pinkalicious Season Three Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pinkalicious Season Three Limited and its directors, as a body, for our work or for this report.


We have carried out this engagement in accordance with the technical guidance issued by Chartered Accountants Ireland ("the Institute") and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the period ended 31 December 2023 and you have acknowledged on the Balance sheet as at 31 December 2023 your duty to ensure that Pinkalicious Season Three Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Pinkalicious Season Three Limited is exempt from the statutory audit requirement for the period ended 31 December 2023.

We have not been instructed to carry out an audit or review the financial statements of Pinkalicious Season Three Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. 




  


Grant Thornton (NI) LLP

Chartered Accountants
12 - 15 Donegall Square West
Belfast
BT1 6JH







Date:   6 August 2024
Page 1

 
Pinkalicious Season Three Limited
Registered number:NI675702

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
3,244
490,189

Cash at bank and in hand
 6 
-
105,387

  
3,244
595,576

Creditors: amounts falling due within one year
 7 
(5,134)
(595,575)

Net current (liabilities)/assets
  
 
 
(1,890)
 
 
1

Total assets less current liabilities
  
(1,890)
1

  

Net (liabilities)/assets
  
(1,890)
1


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
 10 
(1,891)
-

  
(1,890)
1


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 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 6 August 2024.



Colin Robert Williams
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Pinkalicious Season Three Limited
 
 
Notes to the financial statements
For the period ended 31 December 2023

1.


General information

Pinkalicious Season Three Limited is a private company limited by shares and incorporated in Northern Ireland. The Company's registered office is at 12 - 13 Pilots View, Heron Road, Belfast, Northern Ireland, BT3 9LE.
The principal activity of the company is Television programme 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
Pinkalicious Season Three Limited
 

Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Current and deferred 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
Pinkalicious Season Three Limited
 

Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results.
In the directors' opinions, there are no significant judgements, estimates and assumptions made about the recognition of assets, liabilities, incomes and expenses.


4.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).


5.


Debtors

2023
2022
£
£


Trade debtors
-
2,474

Amounts owed by group undertakings
3,244
580

Other debtors
-
8,996

Accrued income
-
15,000

Corporation tax recoverable
-
463,139

3,244
490,189



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
105,387

Less: bank overdrafts
(94)
-

(94)
105,387


Page 5

 
Pinkalicious Season Three Limited
 
 
Notes to the financial statements
For the period ended 31 December 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
94
-

Bank loans
-
381,573

Trade creditors
-
2

Amounts owed to group undertakings
5,040
164,438

Other creditors
-
35,756

Accruals and deferred income
-
13,806

5,134
595,575



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
381,572


-
381,572




-
381,572



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



10.


Reserves

Profit and loss account

This includes all current and prior period retained profits and losses.

Page 6

 
Pinkalicious Season Three Limited
 
 
Notes to the financial statements
For the period ended 31 December 2023

11.


Related party transactions

The company has availed of the exemption under FRS102 section 33 which does not require disclosure of
transactions entered into between any subsidiary undertaking which is wholly owned by a member of that group.


12.


Controlling party

The immediate parent undertaking is Sixteen South Studios Limited. The ultimate controlling party is deemed to be Sixteen South Group Limited by virtue of control. 

Page 7