Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302falsetrue2022-12-01falseNo description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13771083 2022-12-01 2023-11-30 13771083 2021-11-29 2022-11-30 13771083 2023-11-30 13771083 2022-11-30 13771083 c:Director1 2022-12-01 2023-11-30 13771083 d:CurrentFinancialInstruments 2023-11-30 13771083 d:CurrentFinancialInstruments 2022-11-30 13771083 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13771083 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13771083 d:ShareCapital 2023-11-30 13771083 d:ShareCapital 2022-11-30 13771083 c:FRS102 2022-12-01 2023-11-30 13771083 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13771083 c:FullAccounts 2022-12-01 2023-11-30 13771083 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13771083 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 13771083









MY PLANET NOW LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
MY PLANET NOW LTD
REGISTERED NUMBER: 13771083

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2023
2022
2022
£
£
£
£

  

Current assets
  

Stocks
 4 
429,851
219,048

Debtors: amounts falling due within one year
 5 
58,377
49,568

Cash at bank and in hand
  
97,605
2,331

  
585,833
270,947

Creditors: amounts falling due within one year
 6 
(585,832)
(270,946)

Net current assets
  
 
 
1
 
 
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1

  
1
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 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 by: 




S F Price
Director

Date: 28 August 2024

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

Page 1

 
MY PLANET NOW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

My Planet Now Ltd is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The address of its registered office is 9 Perseverance Works, Kingsland Road, London, E2 8DD.
The comparative figures cover the period from 29 November 2021, the date of incorporation, to 30 November 2022.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

he 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

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

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.

  
2.3

Cost of sales

Production costs incurred in producing a film are recognised in the Statement of income and retained earnings as cost of sales in the period in which they are incurred.

 
2.4

Stocks

Stocks take the form of work in progress. Work in progress relates to direct production costs, net of tax credits, incurred on film productions not yet delivered. Production costs are recognised in the income statement as soon as the production is delivered and the related sale is recognised.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

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

Page 2

 
MY PLANET NOW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

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 plus loans fromrelated parties. 


3.


Employees




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


4.


Stocks

2023
2022
£
£

Work in progress
429,851
219,048

429,851
219,048


Work in progress comprises costs incurred on film production for which the film has not yet been completed or delivered. These are held at the lower of the cost and net realisable value.


5.


Debtors

2023
2022
£
£


Other debtors
9,778
1,562

Tax recoverable
48,599
48,006

58,377
49,568


Page 3

 
MY PLANET NOW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
18,824
15,979

Amounts owed to group undertakings
416,758
253,317

Accruals and deferred income
150,250
1,650

585,832
270,946



7.


Related party transactions

The company is exempt from disclosing related party transactions with companies that are wholly owned within the group.

 
Page 4