Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-3022022-12-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09866483 2022-12-01 2023-11-30 09866483 2021-12-01 2022-11-30 09866483 2023-11-30 09866483 2022-11-30 09866483 c:Director1 2022-12-01 2023-11-30 09866483 d:OfficeEquipment 2022-12-01 2023-11-30 09866483 d:OfficeEquipment 2023-11-30 09866483 d:OfficeEquipment 2022-11-30 09866483 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 09866483 d:CurrentFinancialInstruments 2023-11-30 09866483 d:CurrentFinancialInstruments 2022-11-30 09866483 d:Non-currentFinancialInstruments 2023-11-30 09866483 d:Non-currentFinancialInstruments 2022-11-30 09866483 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09866483 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09866483 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 09866483 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 09866483 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 09866483 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 09866483 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 09866483 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 09866483 d:ShareCapital 2023-11-30 09866483 d:ShareCapital 2022-11-30 09866483 d:RetainedEarningsAccumulatedLosses 2023-11-30 09866483 d:RetainedEarningsAccumulatedLosses 2022-11-30 09866483 c:FRS102 2022-12-01 2023-11-30 09866483 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09866483 c:FullAccounts 2022-12-01 2023-11-30 09866483 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09866483 2 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 09866483









PROTOTYPE PICTURES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
PROTOTYPE PICTURES LIMITED
REGISTERED NUMBER: 09866483

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,039
4,663

  
3,039
4,663

Current assets
  

Debtors: amounts falling due within one year
 6 
62,998
3,997

Cash at bank and in hand
  
1,278
61,947

  
64,276
65,944

Creditors: amounts falling due within one year
 7 
(46,126)
(39,059)

Net current assets
  
 
 
18,150
 
 
26,885

Total assets less current liabilities
  
21,189
31,548

Creditors: amounts falling due after more than one year
 8 
(20,335)
(29,600)

  

Net assets
  
854
1,948


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
754
1,848

  
854
1,948


Page 1

 
PROTOTYPE PICTURES LIMITED
REGISTERED NUMBER: 09866483
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 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 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 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 23 August 2024.



R Athale
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PROTOTYPE PICTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Prototype Pictures Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, England, NW3 5JS. The address of its principle place of business is 14 Outwood Lane, Horsforth, Leeds LS18 4JA.

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

Going concern

The company meets its day to day working capital requirements through the utilisation of its own funds. Existing funding facilities, forecasts and projections indicate that the company has adequate resources to continue with some level of activity from a minimal to full levels. Although the potential effect of the coronavirus can be modelled, it is very difficult to determine the assumptions that will prove to be most appropriate and therefore there is an element of doubt existing that cannot be quantified.
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, but with the provison that a material uncertainly exists over the company’s future.

 
2.3

Foreign currency translation

The company's functional and presentational currency is GBP, rounded to the nearest £1.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

 
2.4

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.
Revenue is recognised by the company in respect of script writting during the year, exculsive of any value added tax. Revenue is recognised in the period in which the scripts are delivered to entertainment and production companies.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
PROTOTYPE PICTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Borrowing costs

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

Page 4

 
PROTOTYPE PICTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

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

 
2.11

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.

 
2.12

Creditors

Short term creditors are measured at the transaction price.

 
2.13

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.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other
Page 5

 
PROTOTYPE PICTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

consideration expected to be paid or received.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Tangible assets are depreciated over their useful lives taking into account residual values where
appropriate. The actual lives of the assets and residual values are assessed annually and may
vary depending upon a number of factors. In re-assessing the assets' lives, factors such as
technological innovation, product life cycles and maintenance programmes are taken into account.


4.


Employees

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

Page 6

 
PROTOTYPE PICTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 December 2022
6,306



At 30 November 2023

6,306



Depreciation


At 1 December 2022
1,643


Charge for the year on owned assets
1,624



At 30 November 2023

3,267



Net book value



At 30 November 2023
3,039



At 30 November 2022
4,663

Page 7

 
PROTOTYPE PICTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
62,998
3,997

62,998
3,997



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,071
2,077

Corporation tax
35,055
23,606

Other creditors
-
8,376

Accruals and deferred income
6,000
5,000

46,126
39,059



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Government bounce back loan
20,335
29,600

20,335
29,600


Page 8

 
PROTOTYPE PICTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Government bounce back loan
7,970
7,288


7,970
7,288

Amounts falling due 2-5 years

Government bounce back loan
12,365
22,312


12,365
22,312


20,335
29,600



10.


Related party transactions

At the reporting date, the directors owed £61,210 to the company. (2022: The company owed the directors £8,376)

 
Page 9