Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01truefalsetrueThe principal activity of the company is motion picture production.11false 11251948 2022-04-01 2023-03-31 11251948 2021-04-01 2022-03-31 11251948 2023-03-31 11251948 2022-03-31 11251948 c:Director1 2022-04-01 2023-03-31 11251948 c:Director1 2023-03-31 11251948 c:Director2 2022-04-01 2023-03-31 11251948 c:Director2 2023-03-31 11251948 c:RegisteredOffice 2022-04-01 2023-03-31 11251948 d:CurrentFinancialInstruments 2023-03-31 11251948 d:CurrentFinancialInstruments 2022-03-31 11251948 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11251948 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11251948 d:ShareCapital 2023-03-31 11251948 d:ShareCapital 2022-03-31 11251948 c:OrdinaryShareClass1 2022-04-01 2023-03-31 11251948 c:OrdinaryShareClass1 2023-03-31 11251948 c:OrdinaryShareClass1 2022-03-31 11251948 c:FRS102 2022-04-01 2023-03-31 11251948 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11251948 c:FullAccounts 2022-04-01 2023-03-31 11251948 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11251948 e:USDollar 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11251948









BUBBLY WIDOW LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BUBBLY WIDOW LIMITED
 
 
COMPANY INFORMATION


Directors
A U Boden (resigned 15 April 2023)
C W Lurie (appointed 15 April 2023)




Registered number
11251948



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

London

EC4A 3AQ




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
BUBBLY WIDOW LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5


 
BUBBLY WIDOW LIMITED
REGISTERED NUMBER: 11251948

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
$
$

  

Current assets
  

Debtors: amounts falling due within one year
 4 
215,901
1

  
215,901
1

Creditors: amounts falling due within one year
 5 
(215,900)
-

Net current assets
  
 
 
1
 
 
1

Total assets less current liabilities
  
1
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
 6 
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 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 and were signed by: 




C W Lurie
Director

Date: 5 September 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
BUBBLY WIDOW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Bubbly Widow Limited is a private company, limited by shares, incorporated in England and Wales with registration number of 11251948. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

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 financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. After reviewing the working capital requirements of the company the company's parent entities. Clicquot LLC, has agreed to provide such support to the company as is necessary for it to meet its liabilities for a period of at least twelve months from the date of signing of these financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

Previously, the company's functional and presentational currency was GBP. When the company commenced trading, it was considered appropriate to change the company's functional and presentational currency to USD. No restatements to prior years was considered necessary by the director as a result of this change.

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. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
BUBBLY WIDOW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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. 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.

 
2.5

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.

 
2.6

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.

Page 3

 
BUBBLY WIDOW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
BUBBLY WIDOW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
$
$


Unpaid share capital
1
1

Prepayments and accrued income
215,900
-

215,901
1



5.


Creditors: Amounts falling due within one year

2023
2022
$
$

Accruals and deferred income
215,900
-



6.


Share capital

2023
2022
$
$
Allotted, called up and unpaid



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


 
Page 5